Massive revamp may squeeze HSBC returns

"The market's expectation on HSBC is too high," Ian Gordon, an analyst at Investec in London, told the South China Morning Post after the bank unveiled first-half pre-tax profit of US$14.1 billion yesterday that missed the market consensus forecast of US$14.6 billion.

via Business feed http://www.scmp.com/business/banking-finance/article/1294556/massive-revamp-may-squeeze-hsbc-returns