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Morningstar•October 27, 2020
Morningstar•October 27, 2020HSBC Holdings plc: HSBC Reports Stronger-Than-Expected Third-Quarter Results
Summary
Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world with 40 million customers worldwide. It operates across 64 countries globally. Key regions include Asia, Europe, the Middle East and North Africa, and North America. The two largest markets for the bank are the United Kingdom and Hong Kong. The bank offe
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Analyst Profile
Michael Wu
Senior Equity AnalystMichael Wu is a senior equity analyst for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. He covers mainly financials and properties stocks in Asia.Wu initially joined Morningstar Australia in 2006, carrying out equity and hybrid research focusing on telecommunications, utilities, infrastructure, gaming, and small-cap industrials before relocating to Hong Kong in 2013.Wu holds a bachelor’s degree in economics and a master’s degree in finance from the University of New South Wales. He also holds the Chartered Alternative Investment Analyst (CAIA) designation.