|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.86 - 10.86|
|52 Week Range||7.80 - 10.86|
|PE Ratio (TTM)||39.06|
|Forward Dividend & Yield||0.40 (3.73%)|
|1y Target Est||N/A|
HSBC has signaled its pivot to Asia is paying rich dividends as quarterly profits leapt five-fold, laying a foundation for its new leadership to plan for growth after a tough period of post-crisis restructuring. Ciara Lee reports
HSBC remains on track to achieve its expense saving target this year with focus on core operations. However, strained revenues continue to hurt profitability.
Shares in HSBC (5.HK) jumped 3.6% to their highest in since 2014 in Hong Kong ahead of the U.S. Federal Reserve's meeting on Wednesday, when it's widely assumed the federal funds rate will be hiked by 25 basis points from 1.25% to 1.50%. Asia's stock markets have stumbled this week as investors braced themselves for higher rates. However, the rate hike is good news for bank stocks and few lenders are in as good a position as Anglo-Asian lender HSBC to benefit from an increase in borrowing costs, according to Northern Trust Capital Markets' Head of Research Asia, Douglas Morton: HSBC is one of the most exposed banks to US rates (outside of the US) we think, a factor that has been to its detriment ... until now. As China begins to deepen their capital market and open up their financial system there can be few other companies set to benefit to quite the same extent as HSBC in our opinion.
Pleased with the dismissal of charges, HSBC Holdings (HSBC) promises to continue implementing "highest or most effective standards" to counter illegal financial activities.
HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.
Blue-chip stocks in the U.K. rose, trading around two-week highs as bank shares bulked up and as the pound remained under pressure.
One of China’s biggest insurers has become the second-largest shareholder of HSBC Holdings, but it won’t influence how the U.K.-based bank is run, HSBC’s departing Chief Executive Stuart Gulliver said....
HSBC (LSE:HSBA.L - News) has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday. Currently non-Chinese groups are limited to 49 per cent stakes in joint ventures in the fast-growing market. HSBC's 51 percent control of HSBC Qianhai Securities is unique because it was able to use its long-established Hong Kong unit to take advantage of a rule favoring banks based in the city.
HSBC’s global banking co-head, Matthew Westerman, will leave after a turbulent 18 months at the bank, staff were told in a memo.
A Hong Kong tribunal on Tuesday upheld the bulk of a fine imposed on a unit of HSBC Holdings PLC that would be the largest ever meted out by Hong Kong’s securities regulator.
An unwieldy sale process and onerous ownership rules are discouraging some potential investors from bidding for Saudi Arabia's state-owned grain mills, sources close to the firms say, in a potential snag for the kingdom's economic reforms. Crown Prince Mohammed bin Salman wants to modernize Saudi Arabia and reduce its dependence on oil. Archer Daniels Midland Company (NYSE:ADM - News) and Bunge Limited (NYSE:BG - News) - two of the world's four biggest agribusiness firms - are among several international companies that have previously expressed interest in bidding for SAGO's assets.
HSBC Private Bank, a Swiss unit of banking giant HSBC, has agreed to pay 300 million Euros ($353 million) to avoid going to trial in France for tax fraud.
HSBC said its Swiss private-banking unit will pay €300 million ($352 million) to resolve charges that it helped clients evade taxes in France.
South Africa’s Gupta family used HSBC bank accounts in Dubai to transfer millions of dollars through companies that have been linked to suspected kickbacks for the sale of Chinese locomotives, according ...
HSBC Holdings' (LSE:HSBA.L - News) Canadian chief said on Tuesday she is concerned about talks to rework the North American Free Trade Agreement and preparing for how the bank will deal with possible outcomes. U.S. President Donald Trump has threatened to withdraw from the NAFTA trade agreement with Canada and Mexico if he cannot rework it in favor of the United States. Among the most divisive are plans to establish rules of origin for NAFTA goods that would set minimum levels of U.S. content for autos, a sunset clause that would terminate the trade deal if it is not renegotiated every five years, and ending the so-called Chapter 19 dispute mechanism.
HSBC swung to a third-quarter net profit, as revenue in Asia rose from increased customer borrowing and a growing deposit base.
U.K. stocks close with losses Monday, with home builders under pressure and HSBC moving lower following the lender’s quarterly earnings report.
HSBC has been promising growth in China and now it seems to have found some with a chunky slug of extra lending in the southern Chinese province near its Hong Kong stronghold.
HSBC (LSE:HSBA.L - News) may move fewer than 1000 jobs to Paris following Britain's exit from the European Union, the bank's finance director Iain Mackay said on Monday. "It may be less than 1000 employees, but it's up to 1000," Mackay told reporters on a conference call. Previous comments from senior HSBC executives had emphasized the number of jobs to move would be 1000.
HSBC's Q3 earnings are expected to reflect modest improvement in investment banking and lower costs but will be adversely impacted by trading slump to some extent