HSBC Holdings plc Sponsored ADR (HSBC)
HSBC Stock Rises as Results Top Forecasts, Bank Plans New $3B Buyback
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's good times may not last for long, says analyst
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 Q3 Pre-Tax Earnings Rise Y/Y as ECL Charges Decline, Stock Up
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 gets boost ahead of update after strong HSBC numbers
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 (HSBC) Q3 2024 Earnings Call Transcript
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 surge on another $3 billion buyback plan and earnings beat
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.
HSBC Pops Higher On Forecast-Beating Q3, New Buyback Programme
HSBC shares rose on Tuesday as the bank announced a fresh $3 billion share buyback scheme and posted estimate-topping third-quarter numbers.
HSBC $3 billion share buyback 'not really' a surprise, analyst says
Manyi Lu, assistant research director of group research at DBS Bank (Hong Kong), discusses HSBC's third-quarter earnings.
Serendipity Capital appoints outgoing HSBC Europe head Colin Bell to board
Serendipity Capital has appointed Colin Bell, the outgoing head of HSBC Europe, to its board as a non-executive director, the investment firm said on Tuesday.
HSBC profits rise more than expected, Elhedery keeps schtum on structural details
HSBC Holdings PLC (LSE:HSBA) reported higher profits than forecast for the third quarter and announced a new $3 billion share buyback. Europe's largest lender reported a pre-tax profit of $8.5 billion, up over 6% compared to a year earlier and well ahead of the $7.6 billion consensus estimate.
HSBC Announces Buybacks as Profit Beats Estimates
HSBC reported better-than-estimated earnings and announced a fresh multi-billion dollar stock buyback days after unveiling a major overhaul of its businesses. Europe's largest bank said it would repurchase up to $3 billion of shares on the back of a 9.9% gain in pretax profit from a year earlier to $8.48 billion.
HSBC's $3B share buyback: What it means for investors after Q3 earnings beat
HSBC, Europe's largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts. This announcement, alongside a solid revenue increase, emphasizes HSBC's robust financial standing and strategic focus on enhancing shareholder value.
