HSBC Holdings plc Sponsored ADR (HSBC)
HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%
HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and initiated sweeping restructuring of the Asia-focused lender, showed its 2024 financial report issued on Wednesday.
HSBC launches $2 billion share buyback as annual profit rises 6.5%
HSBC, Europe's largest lender, has announced a share buyback of up to $2 billion after posting a 6.5% increase in annual pre-tax profit, largely driven by the sale of its Canadian banking business. However, the bank's revenue slightly declined, and its earnings fell short of analyst expectations.
HSBC annual profit jumps 6.5%, marginally misses estimates
HSBC annual profit jumps 6.5%, marginally misses estimates
HSBC 2024 profit beats estimates; announces $2 billion share buyback
HSBC reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.
HSBC to sell Bahrain retail banking unit to Bank of Bahrain and Kuwait
HSBC said on Tuesday it has agreed to sell its retail banking operations in Bahrain amid a wider restructuring at the bank.
HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says
HSBC , has laid off around 40 investment bankers in Hong Kong as part of the bank's global restructuring, according to one source with direct knowledge of the matter.
HSBC investors back CEO's investment banking retrenchment
Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump's deregulatory agenda fuels hopes for a boom in capital markets activity.
HSBC share price forecast ahead of earnings: buy or sell?
HSBC share price remains in a strong bull market and is hovering at its all-time high as investors watch the ongoing job cuts and the upcoming earnings. HSBA stock has risen in the last three straight weeks, and by almost 300% from its lowest level in 2020.
HSBC Job Cuts: Layoffs at Investment Bank to Start in Asia
HSBC is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe's biggest lender, according to people familiar with the matter. The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people.
HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports
HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives on February 19, the Financial Times reported on Thursday.
Solid IB & Trading to Aid HSBC's Q4 Earnings, Higher Expenses to Hurt
Robust IB & trading revenues and lower interest rates are likely to aid HSBC's fourth-quarter results. Yet, high costs are likely to remain a woe.
HSBC is lagging rivals as results approach, where 'concrete guidance' needed
HSBC Holdings PLC (LSE:HSBA), which reports final results next Wednesday, 19 February, is the worst performing of the UK's big five over the past 12 months. Some City analysts have been supportive recently, with those at Citi liking HSBC as its Asia-focused pick over rival StanChart as higher-for-longer US rates and Asian wealth growth are supportive factors.
