Previous Close | 705.00 |
Open | 706.50 |
Bid | 707.20 x 0 |
Ask | 707.30 x 0 |
Day's Range | 700.70 - 714.40 |
52 Week Range | 572.90 - 714.40 |
Volume | |
Avg. Volume | 38,554,352 |
Market Cap | 133.143B |
Beta (5Y Monthly) | 0.58 |
PE Ratio (TTM) | 7.69 |
EPS (TTM) | 0.92 |
Earnings Date | Jul 31, 2024 |
Forward Dividend & Yield | 0.49 (6.91%) |
Ex-Dividend Date | Mar 07, 2024 |
1y Target Est | 7.97 |
Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.
A vote on the decision was held during the banking giant’s annual general meeting in London.
LONDON (Reuters) -HSBC has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets in recent years as part of a sweeping overhaul. HSBC shareholders met in London days after the bank's CEO Noel Quinn announced his surprise retirement following a five-year tenure which saw HSBC sell retail banking operations in France and the U.S., and its entire Canadian unit, as it pivots towards Asia. The chairman's comments hint at a likely shift in direction for whomever succeeds Quinn, as the bank turns its focus away from shrinking its global empire to trying to grow its business in its remaining markets.