HSBC Holdings

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The Retail Banking and Wealth Management segment consists of retail banking, wealth management, asset management, and insurance. The Commercial Banking segment offers banking products and services. The Global Banking and Markets segment includes transaction banking, financing, advisory, capital markets, and risk management services. The Global Private Banking offers transaction banking, financing, advisory, capital markets and risk management services to high net worth individuals and families. The Corporate Centre segment is comprises of central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy. The company was founded on January 1, 1959 and is headquartered in London, the United Kingdom.

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Founded in 1865 to finance trade between Asia and the West, today HSBC is one of the world’s largest banking and financial services organisations serving around 46 million customers. Their aim is to be acknowledged as the world’s leading and most respected international bank.

(Kitco News) - HSBC and Ant Group have announced the successful completion of a trial exploring the feasibility of tokenized deposits in a sandbox arranged by the HKMA.

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HSBC's net profit after taxes decreased in Q3 of 2023, but has more than doubled in the first 9 months of the year compared to last year. The bank's cost efficiency has significantly improved, and its estimated credit losses have increased slightly. HSBC is returning capital to shareholders through dividends and share buybacks, and has potential for growth in earnings through economic integration and wealth management.

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HSBC, CPG and FLS made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 31, 2023.

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Start Time: 03:45 January 1, 0000 4:52 AM ET HSBC Holdings plc (NYSE:HSBC ) Q3 2023 Earnings Conference Call October 30, 2023, 03:45 AM ET Company Participants Noel Quinn - Group CEO Georges Elhedery - Group CFO Richard O'Connor - Global Head, IR Conference Call Participants Aman Rakkar - Barclays Joseph Dickerson - Jefferies Jason Napier - UBS Gurpreet Singh Sahi - Goldman Sachs Manus Costello - Autonomous Raul Sinha - JPMorgan Perlie Mong - KBW Robert Noble - Deutsche Andrew Coombs - Citigroup Operator Good morning, ladies and gentlemen, and welcome to the Investor and Analyst Conference Call for HSBC Holdings plc's Q3 2023 Results. For your information, this conference is being recorded.

HSBC Holdings plc (HSBC) Q3 2023 Earnings Call Transcript

Ping An Insurance Group Co of China Ltd

The net interest margin party is not over for every big bank in the FTSE 100 lot. HSBC Holdings PLC (LSE:HSBA)'s third quarter was a strong one in most respects, with revenues increasing 40% yearly to $16.2 billion and pre-tax profit rising by $4.5 billion to $7.7 billion (though this was partially due to a 2022 impairment hit).

HSBC seeks to satisfy Ping An with buybacks and penny pinching

HSBC Holdings on Monday said it's earmarking an extra $300 million for performance-related pay, as the bank reported a big surge in third-quarter profit.

HSBC sets aside $300 million extra for performance pay and $3 billion for stock buybacks

Higher revenues driven by an increase in net interest income support HSBC Holdings (HSBC) Q3 pre-tax earnings.

HSBC Stock Up as Q3 Pre-Tax Earnings Jump on Higher Revenues

HSBC reports strong Q3 results with a 40% YoY growth in revenue and over 100% jump in pre-tax profits. The bank announced a new share buyback program worth $3 billion, bringing its TTM equity distributions to $15 billion. HSBC's stock is rated as a "Strong Buy" due to its strong earnings, substantial returns to shareholders, and low valuation.

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HSBC Holdings PLC (LSE:HSBA) reported strong growth in revenue and profit in the third quarter alongside plans for a new $3 billion share buy-back. The Asia-focused bank said pre-tax profit in the quarter ended September 30, rose by $4.5 billion to $7.7 billion, reflecting the positive impact of higher interest rates and the $2.1 billion reversal of an impairment relating to the sale of its French business.

HSBC launches $3 billion buyback as revenue soars

HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year.

HSBC post-tax profit surges over 235% year-on-year for quarter ending September

HSBC Holdings reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates.

HSBC Q3 pre-tax profit more than doubles but misses estimates

VANCOUVER, British Columbia--(BUSINESS WIRE)-- #Banks--Linda Seymour, President and Chief Executive Officer of HSBC Bank Canada1, said: “Performance in the third quarter remained resilient. Core business activity remained strong with increased average loan and deposit balances positively impacting the quarter. Total operating income dropped slightly compared to the third quarter of 2022 due to the impact of higher cost of liabilities from rising interest rates and more challenging market conditions. Tot.

HSBC Bank Canada Third Quarter 2023 Results

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HSBC Holdings PLC (LSE:HSBA) shares are the best performing of the FTSE 100 banks, but the edge was taken off ahead of its third-quarter results by earnings from rival Standard Chartered in the past week. Both lenders are more overseas-focused than Lloyds and Natwest, and have a much greater Asia tilt than Barclays.

HSBC gains cut ahead of earnings as StanChart tempers expectations

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“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 68 November Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 58 met the dogcatcher-Notorious-ideal of dividends from $1K invested exceeding their single-share-stock-prices. Representing eight-of-eleven Morningstar Sectors, all 58 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.29%-81.03%, topped by SBSW & SQM, as-of 10/23/23.

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HSBC (LON: HSBA) share price has pulled back in the past few weeks as investors remain concerned about its exposure to China. After peaking at 664p earlier this month, the stock has plunged by more than 7.57% to 615p.

HSBC share price forms a worrying chart pattern ahead of earnings

Because of subdued market volatility and lower client activity, HSBC is expected to have recorded a decline in trading revenues in the third quarter of 2023.

Higher Rates to Aid HSBC's Q3 Earnings, IB &Trading to Hurt

HSBC Holdings PLC (LSE:HSBA) boss Noel Quinn has warned that years of government borrowing has gradually led global economies to a knife edge. Speaking at Saudi Arabia's Future Investment Initiative Institute's summit, he argued rising government debt since the financial crisis and pandemic had become unsustainable.

HSBC boss warns global economy at ‘tipping point'

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Lloyds Banking Group

As we approach the third-quarter earnings season for UK banks, investors are likely to find a continuation of previous quarter's trends for domestic players, Lloyds, Barclays and NatWest. Expect to see ongoing mortgage margin pressure and an unfavourable deposit mix, counterbalanced by benefits from hedge income and benign credit conditions, analysts said.

What to watch as UK banks report Q3 results in the coming week

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Pierre Poilievre, Canada's Conservative party leader, called for the federal government to reject Royal Bank of Canada's C$13.5 billion ($9.84 billion) offer to buy HSBC's domestic unit, the Globe and Mail reported on Thursday.

Canada's Conservative leader urges rejection of RBC's offer for HSBC Canada -media

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BBC, HSBC and SEM made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 19, 2023.

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HSBC, FFBC and SEM made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 19, 2023.

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HSBC Holdings PLC has barred staff from texting on their work phones after a regulatory clampdown on the use of different methods of communication in recent years. First reported by Bloomberg, the FTSE 100-listed bank is in the midst of disabling SMS services on employees phones, having already banned the use of WhatsApp.

HSBC bars texting on work phones after dealmaking concerns

HSBC Holdings' earnings are likely at the top of the cycle, prompting investors to take profits after a strong share price rally. The bank's financial performance has improved, with increased revenues and good cost control. HSBC's dividend payout is sustainable, but further earnings growth may be challenging, and its valuation is near the top of its historical range.

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Investors with an interest in Banks - Foreign stocks have likely encountered both HSBC (HSBC) and National Australia Bank Ltd. (NABZY). But which of these two stocks is more attractive to value investors?

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News for HSBC Holdings Stock (HSBC)