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

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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.

Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to break up the 160-year bank. His surprise departure is an opportunity to accelerate its strategic pivot to Asia, investors say.

HSBC must prioritise Asian expertise in surprise CEO search

HSBC Holdings PLC (NYSE:HSBC ) Q1 2024 Earnings Conference Call April 30, 2024 2:45 AM ET Company Participants Mark Tucker - Chairman Noel Quinn - Group CEO Georges Elhedery - Group CFO Conference Call Participants Joseph Dickerson - Jefferies Raul Sinha - JPMorgan Chase & Co. Jeremy Hugh - CICC Jason Napier - UBS Perlie Mong - KBW Andrew Coombs - Citigroup Katherine Lei - JPMorgan Chase & Co. Operator Welcome, ladies and gentlemen, to the analyst and investor webinar on the 2024 first quarter results for HSBC Holdings plc. For your information, this webinar is being recorded.

HSBC Holdings PLC (HSBC) Q1 2024 Earnings Call Transcript

HSBC is preparing to welcome its third CEO in less than eight years after veteran banker Noel Quinn, 62, retires from running Europe's biggest bank. While HSBC said on Tuesday it will consider both internal and external candidates, the Asia-focused lender has typically looked internally to fill its leadership positions.

HSBC's top ranks house likely successor to CEO Quinn

HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."

'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement

Bank says it has started search for a successor as it reports quarterly profits beat forecasts

HSBC chief Noel Quinn to step down after ‘intense' five years

HSBC Holdings PLC (LSE:HSBA) chief executive Noel Quinn delivered some surprises with the bank's first quarter results, including announcing his retirement and a new $3 billion share buyback.   The Asia-focused lender reported a pre-tax profit of $12.7 billion for the first three months of 2024, down from $12.9 billion a year ago but beating consensus forecasts of $12.6 billion.

HSBC unveils new buyback alongside CEO Quinn's surprise departure

HSBC on Tuesday said its chief executive, Noel Quinn, will retire after nearly five years at the helm.

HSBC says chief executive to retire after ‘intense' five years

The bank is now searching for a successor to the veteran banker.

HSBC CEO Noel Quinn Is Stepping Down

HSBC said its first-quarter net profit dropped due partly to lower net interest income and higher credit costs and announced the retirement of its CEO Noel Quinn.

HSBC Quarterly Profit Falls; Group CEO to Retire

HSBC Chief Executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping series of asset sales across the globe.

HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8%

HSBC Holdings , on Tuesday said its chief executive, Noel Quinn, has decided to retire.

HSBC CEO Noel Quinn to retire

HSBC (LON: HSBA) share price price continued its strong comeback as investors focused on the company's financial results. It jumped to a record high of 668p on Monday, meaning that it has soared by over 185% from its lowest point in 2020.

HSBC share price sits an all-time high: is it a buy after earnings?

Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager's updated voting intentions showed on Monday.

Norway sovereign wealth fund backs HSBC bonus policy reform

HSBC's full-year results were described as messy and noisy, so something more straightforward would be welcomed in next week's trading update. UK rivals' first quarter updates have been a mixed bag, but HSBC is more international with China and Hong Kong major parts of the business.

HSBC tipped for boost from US interest rate delays

HSBC's wealthy clients in China and Hong Kong are still eager to invest in the U.S., according to Michael Roberts, the bank's CEO for the USA and Americas.

HSBC says growing Chinese wealth fuels client investments in US

NEW YORK--(BUSINESS WIRE)--HSBC today announced the opening of its flagship wealth center at The Spiral in New York City's Hudson Yards neighborhood. The new center is a key part of the bank's wealth management strategy and will include wealth advisors dedicated to supporting high-net worth and ultra-high-net worth clients with a focus on individuals and families with international ties. The new flagship wealth center is part of a network of strategically positioned wealth centers across the U.

HSBC Accelerates Wealth Management Strategy in U.S. with Opening of Flagship Wealth Center at Hudson Yards

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Several major UK lenders have announced increases to mortgage rates as speculation over when the Bank of England will cut base interest remains skewed. NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:BARC) and HSBC Holdings PLC (LSE:HSBA) all announced mortgage increases from Tuesday as a result, anticipating rate cuts to come later than initially thought.

NatWest, Barclays, HSBC hike mortgage rates

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HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said.

HSBC to cut another 20 investment banking jobs in Asia, sources say

The company is reportedly shedding staff in its Hong Kong and Singapore investment-banking operations. This follows long, gloomy slides in the region's capital markets.

Why HSBC Stock Got Rocked Today

HSBC is laying off around a dozen of its Asia investment banking staff, a person with knowledge of the matter told Reuters on Tuesday.

HSBC cuts a dozen Asia dealmakers, source says

A Hong Kong bank majority-owned by HSBC Holding has filed a liquidation petition against Times China, another instance of creditors seeking to recoup funds from developers amid China's protracted property slump.

HSBC Subsidiary Files Liquidation Petition Against Chinese Developer

Grupo Financiero Galicia SA

The stars are aligning for Argentine banks. Galicia stands out as a key beneficiary. The buyout of HSBC Argentina adds legs to Galicia's post-election rally.

Grupo Financiero Galicia: HSBC Argentina Acquisition Adds New Fuel To The Bull Case

HSBC (LON: HSBA) share price has gone vertical this year, a move that has pushed it to its all-time high. The stock surged to a high of 657p on Wednesday, meaning that it has jumped by over 183% from its lowest point in 2020.

Here's why the HSBC share price has gone vertical

Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal, is betting that new libertarian President Javier Milei will bring down soaring inflation and ease rates to boost lending in the South American nation.

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