Well capitalised? Tick. Streamlining bearing fruit? Tick. Return on equity improving? Tick. Slight fudging of original cost-income targets apparently accepted by the market? Tick. Talk of returning capital if organic growth cannot be found? Lovely. Stuart Gulliver has so far ticked just about every box, at least in part, that could reasonably be expected of a big bank in this environment. Now to find that organic growth.
资本充足?是。精简已现成效?是。股本回报率正在提升?是。对初始的成本/利润目标的略微挪动显然已得到市场接受?是。谈到若无法获得有机增长,将返还资本?好极了。欧智华(Stuart Gulliver)迄今达到了(至少是在一定程度上)当前环境下投资者对一家大型银行的所有合理期望。现在,就来找找有机增长吧。
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