Gerry Keefe, HSBC co-head of global banking, joins 'Money Movers' to discuss what to expect from global equity performance following Trump's election victory, what industries tariffs will target first, and much more.
Fred Neumann from HSBC talks about Trump's economic policies' impact on Asian economies.
The head of HSBC's new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very quickly” and could announce the first round of job cuts within weeks. Michael Roberts spoke with Bloomberg's Manus Cranny about the banks restructuring, how the markets reacted to Donald Trump's election win, and the impact of potentially higher tariffs coming out of the US.
Britain's big global lenders HSBC , Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans.
Cyrus Daruwala of IDC Financial Insights talks about HSBC's restructuring plans and the outlook for the Asian-focused British bank.
Shares of HSBC have been a reasonable performer this year, roughly matching wider European financials with a circa 20% total return. The recently released third quarter results were strong, with the bank beating consensus on revenue and earnings. These shares continue to trade for around 1x tangible book value. With earnings resilient, dividends and buybacks can power attractive returns for investors.
U.S.-listed shares of HSBC Holdings (HSBC) advanced Tuesday as the British financial firm's third-quarter results beat forecasts and it announced another $3 billion stock buyback.
HSBC Holdings PLC (LSE:HSBA) shares hit a six-year high after its third-quarter results received a warm welcome from investors and analysts who enjoyed the lending giant making hay while the sun shines. The performance was driven by its Wealth division, up 28%, said analyst Edward Firth at Keefe, Bruyette & Woods, along with strong new business flows in Life and robust Markets, up 13%.
HSBC's third-quarter 2024 results rise year over year on higher fee income, other operating income and lower ECL charges. Yet, high costs & lower NII are woes.
Standard Chartered PLC (LSE:STAN) got a boost from the good numbers from Asia-peer HSBC today ahead of its update tomorrow UBS predicts underlying profits of US$1.37 billion and a CET1 ratio of 14.1% in its third quarter. A buyback announcement is more likely at the year's end, adds the Swiss bank, with an update on strategic guidance possible from Standard something to watch for.
HSBC Holdings plc (NYSE:HSBC ) Q3 2024 Earnings Conference Call October 29, 2024 3:45 AM ET Company Participants Georges Elhedery - Group Chief Executive Jon Bingham - Interim Group Chief Financial Officer Conference Call Participants Andrew Coombs - Citigroup Aman Rakkar - Barclays Kunpeng Ma - China Securities Amit Goel - Mediobanca Gurpreet Singh Sahi - Goldman Sachs Jeremy Hugh - CICC Katherine Lei - JPMorgan Edward Firth - KBW Operator Welcome, ladies and gentlemen, to the Analyst and Investor Webinar on the 3Q 2024 Results for HSBC Holdings plc. For your information, this webinar is being recorded.
HSBC shares increased 4% on Tuesday as the British bank beat analysts' earnings expectations for the third quarter and launched another $3 billion share buyback plan.