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HSBC shares soar 295% in 5 years. If SpaceX stock did that we’d go bananas!
['Harvey Jones', 'Tue', 'August At Pm Bst', 'Min Read']
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HSBC (LSE: HSBA) shares are a phenomenon.
This shows how investors underestimate the long-term wealth-building power of UK blue-chip shares.
Here's why the FTSE 100 bank has been flyingWith SpaceX shares crashing by more than half following the group's attention-grabbing IPO on 12 June, it's a timely reminder of the FTSE 100's power.
SpaceX and HSBC could hardly be more different.
HSBC paused its buyback programme last October to fund its $14bn purchase of the remaining stake in Hang Seng Bank.