HSBC Holdings plc Sponsored ADR (HSBC)
HSBC kicks off search for new UK CEO
HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart in charge of customer engagement and culture, the bank said on Tuesday.
Ex-HSBC CEO Noel Quinn close to be named Julius Baer chairman, Bloomberg News reports
Julius Baer Group is set to name ex-HSBC Holdings chief executive Noel Quinn as its next chairman, Bloomberg News reported on Friday citing people familiar with the matter.
Latest market sell-off influenced by AI, Nvidia, and tariff concerns: HSBC
Max Kettner, HSBC's chief multi-asset strategist, discusses the latest market sell-off after Nvidia shares plummeted following quarterly earnings.
Not Just China: 3 European Stocks Gaining Investor Interest
American investors are feeling the impact of tariff threats, as hedge funds funnel money away from domestic tech to international competitors. However, it isn't just Chinese competitors who are benefiting from the inflationary and tariff squeeze concerns facing the United States—investors are also taking a renewed interest in top European stocks.
Exclusive: HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its expansion plans in that country.
HSBC: Resilient Profitability Supports A Premium Multiple
HSBC has been a strong performer recently, with multiple expansion powering a ~60% return over the past 12 months. Excluding notable items, HSBC delivered a mid-teens return on tangible equity last quarter. Guidance sees only modest slippage from that through 2027, better than the market expected. These shares trade for roughly 1.3x tangible net asset value, which is justified by its earnings quality.
HSBC begins axing investment banking jobs in London
Job cuts at HSBC Holdings PLC (LSE:HSBA) have been extended to its investment bank functions in London, according to reports. The bank is axing "hundreds" of jobs in London and other European financial centres as part of chief executive Georges Elhedery's streamlining plans, Financial News website reported, citing insiders.
HSBC says Trump tariffs carry more risks for its clients than for the bank
Michael Roberts, HSBC's CEO of corporate and institutional banking, says it's up to the bank to think through the risks for its clients.
HSBC analyst cut Nvidia stock price target, but expects Blackwell revenue to support guidance
HSBC's Frank Lee dismisses capex worries for Nvidia as hyperscalers continue to boost spending for the foreseeable future.
HSBC Holdings Continues To Reward Shareholders
HSBC Holdings plc remains our largest portfolio position, with a 39% share price increase over the past 12 months, outperforming the S&P 500. Despite a 6.6% drop in net interest income, HSBC's net profit for FY 2024 improved to $25 billion, with an attractive P/E ratio of 9.2. HSBC's dividend yield stands at 7.6%, significantly higher than JPM's 1.7%, and the bank has initiated substantial share buybacks, enhancing shareholder returns.
HSBC Holdings plc (HSBC) Q4 2024 Earnings Call Transcript
HSBC Holdings plc (NYSE:HSBC ) Q4 2024 Earnings Conference Call February 19, 2025 2:45 AM ET Company Participants Georges Elhedery - Group Chief Executive Officer Pam Kaur - Group Chief Financial Officer Neil Sankoff - Global Head of Investor Relations Conference Call Participants Gurpreet Sahi - Goldman Sachs Group, Inc. Kian Abouhossein - JPMorgan Chase & Co. Benjamin Toms - RBC Capital Markets Kunpeng Ma - China Securities Jeremy Hou - CICC Andy Coombs - Citigroup Inc. Amit Goel - Mediobanca Katherine Lei - JPMorgan Chase & Co. Joe Dickerson - Jefferies Aman Rakkar - Barclays Robert Noble - Deutsche Numis Operator Ladies and gentlemen, welcome to the Investor and Analyst Webinar for HSBC Holdings plc's 2024 Annual Results. For your information, this call is being recorded.
HSBC and four other banks agree settlement after rigging UK govt bond auctions
Fines of just £100 million have been dished out to bankers from HSBC Holdings PLC (LSE:HSBA), Citigroup Inc (NYSE:C), Morgan Stanley (NYSE:MS) and Royal Bank of Canada (TSX:RY) for rigging UK government bond sales. The bankers unlawfully shared what would normally be competitively sensitive information about aspects of the pricing of gilts between 2009-2013, using Bloomberg's one-to-one chat messaging platform.
