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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

HSBC planning divestiture of 90 branches in order to exit the U.S. retail banking business.

HSBC to Exit U.S. Retail Banking Business, Sell 90 Branches

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 small step': Wall Street lukewarm on HSBC's U.S. retail exit

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 spoilsport.

Here's Why You Should Hold HSBC Holdings (HSBC) Stock for Now

Europe's second-largest bank by assets said on Wednesday it would sell most of its branches on the U.S. east and west coast to Citizens Bank and Cathay Bank, respectively.

HSBC pulls out of U.S. retail banking, as it continues to pivot to Asia

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 banking market.

HSBC to field questions on US retail banking exit at Friday's AGM

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 have the view that the shift could help push some of the bank's business into profitability. In a note on Thursday, analysts at Citi said they believed the exit from retail could help turn HSBC's US wealth and personal banking (WPB) business “from loss making to being profitable”, mostly by getting rid of the costs associated with its current network of 148 US bank branches.

HSBC's US exit welcomed by analysts

HSBC is winding down much of its US business to turn its attention to richer clients.

HSBC is selling most of its US retail banking business

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 FTSE 100 banking giant said it will exit 90 of its 148 current US bank branches, with 35 to 40 of the remaining branches to be wound down while the other 20 to 25 will be repurposed into international wealth centres.

HSBC to exit US retail banking market amid strategy pivot

HSBC Holdings PLC will exit from its U.S. retail and small-business banking operations as the bank shifts its focus to wealth management and international banking, especially in Asia.

The Wall Street Journal: HSBC to end its U.S. retail operations

HSBC said it would withdraw from U.S. mass market retail banking by selling some parts of its business and winding down others.

HSBC says to exit U.S. retail banking

LONDON & NEW YORK--(BUSINESS WIRE)--HSBC announces exit of US mass market retail banking; reaches agreements with Cathay Bank and Citizens

HSBC Exits US Mass Market Retail Banking; Strategically Repositions US Retail Business Towards International Banking and Wealth Management

Major Wall Street banks, including Citi and Goldman Sachs, are taking steps to offer cryptocurrency services to their clients.

Banks Are Rushing to Offer Crypto Services. HSBC CEO Says Europe's Largest Bank Will Pass.

HSBC chief Noel Quinn on Monday said that his bank has no plans of initiating a cryptocurrency desk nor offering these to clients, Reuters first reported.  The CEO of Europe's largest bank cited the volatility of cryptocurrencies as the reason, as well as a lack of transparency in the digital assets.

HSBC CEO reportedly says the bank will not expand its businesses into bitcoin, citing volatility in the cryptocurrency

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

Midwest Row Crop Collaborative Receives $1.6 Million HSBC Bank USA Grant to Help Build a More Resilient U.S. Food System

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.

HSBC Holdings (HSBC) Launches Multi-Currency Digital Wallet

Continuing with its efforts to tap the Asia markets, HSBC is on track to hire more than 1,000 wealth managers in the region.

HSBC to Hire More Wealth Managers, Continues Expansion in Asia

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

Barclays

Deutsche Bank

Lloyds Banking Group

NatWest Group plc 

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 year to help stem the spread of the virus.

Factbox: Global big banks plot back-to-office plans as vaccines roll out

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 Authority) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: HSBC Holdings plc Guarantor (if any): na Aggregate nominal amount: GBP 1,000,000,000 Description: 1.75% due 24th July 2027 NC 26 long Offer price: 99.858 Stabilising Managers: HSBC Bank plc     This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction This information is provided by RNS, the news service of the London Stock Exchange.

HSBC Holdings PLC Announces Post Stabilisation Notice

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 the current valuation looks “full”.

Have Q1 results changed the outlook for prospective HSBC investors? This leading bank thinks not

Reserve releases, driven by improving economic outlook, support HSBC Holdings' (HSBC) Q1 earnings, while fall in revenues and increase in expenses hurt.

HSBC's Q1 Pre-Tax Earnings Increase Y/Y, Revenues Decline

All regions were profitable in the first quarter including the U.K. division, which had struggled last year.

HSBC Profit Jumps 79% on Better Prospects for Global Recovery

HSBC Holdings PLC's (HSBC) CEO Noel Quinn on Q1 2021 Results - Earnings Call Transcript

Profits before tax at HSBC jumped 79% in the first quarter of 2021, as an improved economic outlook allowed the global banking giant to release $400 million in reserves it had kept aside for expected credit losses.

London Markets: HSBC shares rise as profits jump 79%, adding buoyancy to London stocks

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 economic outlook that enabled it to release allowances it had set aside for expected loan losses.

HSBC says its revenue jumped more than 100% in the first quarter

HSBC, the first of Britain's big banks to announce first-quarter earnings, on Tuesday posted a 79% jump in profit for the quarter ending March 31. Europe's biggest lender said profit before-tax-came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. It also dramatically cut back the amount it set aside to handle bad debts stemming from the pandemic to $400 million from $3 billion set aside in the first quarter last year.

News for HSBC Holdings Stock (HSBC)