HSBC Holdings PLC (HSBC)
|Net Income (ttm)||3.90B|
|Trading Day||July 23|
|Day's Range||27.52 - 27.85|
|52-Week Range||17.52 - 32.43|
HSBC's head of Belt and Road Initiative, Mukhtar Hussain, will retire after 39 years at the bank, according to an internal memo seen by Reuters.
The results, which saw all 23 banks pass, ultimately mean large banks can repurchase stock and pay out dividends with much wider discretion.
Dollar's Bounce Is Not Sustainable, HSBC's Mackel Says
Jun.22 -- Paul Mackel, global head of foreign exchange research at HSBC Holdings Plc, discusses Federal Reserve policy and its implications for currencies. Fed Chair Jerome Powell said the price increas...
HSBC Revamps U.S. Investment Bank as Executives Exit
Jun.21 -- Four of HSBC Holdings Plc's most senior bankers in the U.S. are leaving the investment bank as part of an overhaul of its New York operations. Meanwhile, UBS Group AG hired two executives from...
HSBC Holdings' (HSBC) proposed sale of French retail banking business is a step in the right direction as it aims to focus on Asian markets and simply operations.
HSBC's Wealth Push in China
Jun.21 -- Trista Sun, chief executive officer at HSBC Pinnacle Venture, discusses the company's business strategy in China. She speaks on “Bloomberg Markets: China Open.
The British bank HSBC said Friday it has agreed to sell its French retail bank to the Cerebus-backed My Money Group at a loss of $2.3 billion. According to Reuters, the sale has a silver lining for HSBC...
HSBC has agreed to sell its French retail banking operations to the My Money Group firm backed by private equity group Cerberus, ending HSBC's years-long endeavour to dispose of the struggling business ...
HSBC is finally set to announce the sale of its French retail unit to private equity firm Cerberus.
HSBC USA Expands Sustainable Finance Offering with Sustainability-Linked Loans for Commercial Banking Clients
NEW YORK--(BUSINESS WIRE)--HSBC USA expands sustainable finance offering with Sustainability-Linked Loans for Commercial Banking clients
HSBC planning divestiture of 90 branches in order to exit the U.S. retail banking business.
HSBC on Wednesday announced it would exit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.
A strong capital base, business transformation and expansion plans will keep supporting HSBC Holdings' (HSBC) financials in the quarters ahead, while mounting expenses and pressure on revenues will play...
Banking giant HSBC Holdings PLC (LON:HSBA) is holding its (virtual) annual conflab on Friday. The HSBC annual general meeting comes after the bank revealed on Thursday it would exit the US retail bankin...
News that banking giant HSBC Holdings PLC (LON:HSBA) is finally throwing in the towel and exiting the US retail banking market after 40 years of struggle has been welcomed by City analysts, many of whom...
HSBC is winding down much of its US business to turn its attention to richer clients.
HSBC Holdings PLC (LON:HSBA) has said it will exit the US retail banking market as part of a strategy pivot towards international banking and wealth management. In a press release late on Wednesday, the...
HSBC said it would withdraw from U.S. mass market retail banking by selling some parts of its business and winding down others.
HSBC Exits US Mass Market Retail Banking; Strategically Repositions US Retail Business Towards International Banking ...
LONDON & NEW YORK--(BUSINESS WIRE)--HSBC announces exit of US mass market retail banking; reaches agreements with Cathay Bank and Citizens
Midwest Row Crop Collaborative Receives $1.6 Million HSBC Bank USA Grant to Help Build a More Resilient U.S. Food System
NEW YORK & MINNEAPOLIS--(BUSINESS WIRE)--HSBC announces a $1.6 million grant to Midwest Row Crop Collaborative to support the adoption of regenerative agriculture practices by U.S. farmers
HSBC Holdings' (HSBC) U.S. division's latest launch of its multi-currency digital wallet, HSBC Global Wallet, will aid the company's initiatives to fortify digital offerings.
Continuing with its efforts to tap the Asia markets, HSBC is on track to hire more than 1,000 wealth managers in the region.
The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling case numbers in major financial hubs, after sending most employees home early last y...
LONDON, UK / ACCESSWIRE / May 4, 2021 / HSBC (contact: Syndicate desk, telephone: +44 207 992 8066) hereby gives notice that no stabilisation (within the meaning of the rules of the Financial Conduct Au...
Barclays Capital has lifted its price target on shares in HSBC PLC (LON:HSBA), but has kept its call at ‘underweight'. It said the stock is worth 480p (up from 470p) but added that at 10.7-time 2022 EPS...
Reserve releases, driven by improving economic outlook, support HSBC Holdings' (HSBC) Q1 earnings, while fall in revenues and increase in expenses hurt.
HSBC Holdings plc (LON: HSBA) said on Tuesday that its net profit in the first quarter posted an over 100% growth on a year over year basis. The company attributed the increase to improvement in the eco...
HSBC Group CFO discusses the bank's 'best quarter' since the pandemic began
The bank's profit beat came amid a sharply improved economic outlook and a reduced set of downside scenarios, on the back of successful Covid vaccine rollouts, says Ewen Stevenson, group CFO at HSBC.
HSBC PLC (LON:HSBA) said a recovering UK economy helped profits rebound by 79% to US$5.8bn in the first quarter of 2021. All regions improved said the Asia-focused bank, but the UK was the standout it s...
Two of the FTSE 100's top ten largest companies report on Tuesday, HSBC and BP, as well as Premier Inn owner Whitbread. Transition will likely be a keyword for BP PLC (LON:BP.
Burnout: HSBC Manager's Heart Attack Prompts Viral Post
Apr.22 -- Banker burnout is in focus again after an HSBC Holdings Plc contractor's social media post about his heart attack went viral. Dani Burger reports on "Bloomberg Markets: European Open.
Mastercard is collaborating with HSBC to provide the latter company's business clients in the United Arab Emirates with a bolstered business-to-business (B2B) payment experience through the Mastercard T...
UK banks Lloyds Banking Group PLC (LON:LLOY), Barclays PLC (LON:BARC), HSBC PLC (LON:HSBA), NatWest Group PLC (LON:NWG) and Santander today launched new mortgages under a government scheme where certain...
UK banks are not as outstandingly cheap as the middle of last year, they still offer decent value say analysts at Shore Capital. Confidence in the outlook is improving given the economic benefits of the...
HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world's biggest banks slashes office space and moves towards new ways of working following the pandemic.
CEOs from HSBC USA, DonorsChoose and Intuit Mentor Student CEOs During Virtual Enterprises' Executive Conference, Apr...
NEW YORK--(BUSINESS WIRE)--Michael Roberts, CEO of HSBC Americas, will join nearly three dozen other C-suite and executives during the Virtual Enterprises Summit on April 20.
HSBC Holdings PLC (LON:HSBA) issues first-quarter results at the end of the month and sector peer Barclays remains lukewarm towards the stock. The broker has raised the price target for HSBC to 470p fro...
HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia.
HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product".
HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia's supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.
HSBC PLC (LON:HSBA) is moving 1,200 UK-based employees to permanent home working. Around 70% of its 1,800 call centre staff have volunteered to never go back to the office, Reuters reported.
HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees' work patterns as a res...
NEW YORK--(BUSINESS WIRE)--Tara Latini is appointed Head of Wealth and Personal Banking, US, HSBC.
Banks' hedge fund liquidation hit a 'contained' incident, strategist says
Francesco Curto, global head of research at DWS, discusses the morning's trading updates from Credit Suisse and Nomura warning of heavy losses arising from liquidated hedge fund positions.
Vancouver-based bank HSBC has unveiled a new mobile banking service that gives small business owners a single place to take care of all their financial tasks. According to TechRadar, the U.K.-centric se...
The world's 60 largest commercial and investment banks poured a total US$3.8 trillion into fossil fuels between 2016 and 2020, according to a report by a group of non-governmental organizations. JP Morg...
HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset... [Read more...]
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In 2020, HSBC Holdings's revenue was $63.07 billion, a decrease of -11.19% compared to the previous year's $71.02 billion. Earnings were $5.23 billion, a decrease of -29.18%.
According to 2 analysts, the average rating for HSBC Holdings stock is "Hold." The 12-month stock price forecast is 32.93, which is an increase of 19.27% from the latest price.