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HSBC up 3% after Q2 earnings beat; US investment bank remains a 'buyer'
Shares in HSBC Holdings PLC (LSE:HSBA) were up 3% in afternoon trading following the international bank's second-quarter earnings beat and pledge to return a further $3 billion to investors in the form of stock buyback. According to Jefferies in a note following the results, analysts were also provided a more granular assessment of the outlook for the remainder of this year and next.
HSBC Holdings plc (HSBC) Q2 2024 Earnings Call Transcript
HSBC Holdings plc (NYSE:HSBC ) Q2 2024 Earnings Conference Call July 31, 2024 2:45 AM ET Company Participants Noel Quinn - Group Chief Executive Georges Elhedery - Group Chief Financial Officer Conference Call Participants Andrew Coombs - Citigroup Amit Goel - Mediobanca Joseph Dickerson - Jefferies Raul Sinha - JPMorgan Jeremy Hugh - CICC Aman Rakkar - Barclays Edward Firth - KBW Katherine Lei - JPMorgan Gurpreet Singh Sahi - Goldman Sachs Operator Welcome, ladies and gentlemen to the Analyst and Investor Webinar on the 2024 Interim Results for HSBC Holdings plc. For your information, this webinar is being recorded.
HSBC unveils £3bn share buyback as profits remain flat
HSBC Holdings PLC (LSE:HSBA) has declared a second interim dividend and will launch a £3 billion share buyback as it reported a mostly flat performance in the first half of the year. The dividend of $0.10 per share makes 20 cents for the first six months of 2024, flat on a year ago, with the share buyback expected to be complete within three months.
HSBC reports narrow first-half profit decline, beats expectations
HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment.
HSBC reports flat first-half profit, beats estimates
HSBC Holdings reported a slight decline of 0.4% in first-half profit on Wednesday but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth in its wealth business boosted revenue.
HSBC names Jonathan Bingham as interim CFO
HSBC Holdings Plc on Wednesday named Jonathan Bingham as its interim group chief financial officer, effective September 2.
HSBC or CM: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Banks - Foreign sector might want to consider either HSBC (HSBC) or Canadian Imperial Bank (CM). But which of these two stocks offers value investors a better bang for their buck right now?
Lloyds and HSBC wrists slapped by competition watchdog over ATM failures
Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are among four banks to have been sent letters by the UK competition watchdog after breaching retail banking rules. Lloyds failed to publish the location of hundreds of ATMs through open banking APIs, while HSBC published incorrect values for its monthly maximum charge on some of its "multi-function devices" that are replacing ATM machines.
HSBC Promotes CFO Georges Elhedery to Chief Exec
British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC's chief financial officer (CFO) last year, will move into the chief executive role (CEO) September 2, the bank announced Wednesday (July 17).
HSBC new CEO appointment is unsurprising, says broker
HSBC Holdings PLC (LSE:HSBA) promoting Georges Elhedery, its current chief financial officer, to be its new CEO is unsurprising, analysts said. Following the retirement announcement from Noel Quinn in the spring, the current boss will step down from 2 September.
HSBC appoints current finance chief Georges Elhedery to CEO
HSBC Holdings on Wednesday said its current chief financial officer, Georges Elhedery, will take over from Noel Quinn as its new CEO.
HSBC promotes former markets and finance chief Georges Elhedery to CEO
HSBC Holdings PLC (LSE:HSBA) has promoted finance chief Georges Elhedery to the role of group chief executive, after Noel Quinn's surprise retirement announcement in April. Elhedery, who joined the Asia-focused lender in 2005 and after roles including co-CEO of the Global Banking & Markets division, became group chief financial officer in 2023.
