HSBC Holdings has been given a "Neutral" rating by UBS, with a target price of 710 pence. According to analyst Jason Napier, HSBC is considering selling its private client business outside of Hong Kong and the UK in order to focus more on affluent clients in other regions. This move is in response to the bank's minimal earnings from markets such as Mexico, Malaysia, and Indonesia, and aims to create a more streamlined operational structure.

By concentrating on its core markets and wealthy clientele, HSBC hopes to improve its overall profitability. The analysis, published on December 13, 2024, provides UBS's perspective on HSBC's future direction in light of ongoing market evaluations.