Life is so unfair. Lloyds Bank, a pure play on the UK with the overhang of government ownership, trades on 15 times earnings. HSBC, with its diversified portfolio of banks around the world and great exposure to Asian growth, trades on 12. So it is hardly surprising that HSBC has discussed floating a stake in its UK retail business.
人生如此不公。劳埃德(Lloyds)银行仅拥有英国单一市场，还有政府持股的拖累，但股价市盈率达15倍。汇丰(HSBC)拥有遍布manbetx app苹果 的多元化银行业务组合，还有面向亚洲manbetx20客户端下载 增长的极佳敞口，但股价市盈率只达到12倍。难怪汇丰在讨论将其英国零售业务的一部分上市。
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