HSBC Holdings plc Sponsored ADR (HSBC)
HSBC looks to double UK wealth business as banks target 'mass affluent'
HSBC aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division's head told Reuters, joining rivals in targeting more fee income from the UK's 'mass affluent'.
HSBC Explores South Africa Exit Under Asia Pivot Strategy
To align with its Asia-focus strategy, HSBC is mulling to divest its businesses in South Africa. This is likely to allow the company to expand in high-growth markets.
HSBC undercuts rivals on mortgages as rates look to head toward 3.5%
HSBC Holdings PLC (LSE:HSBA) has cut mortgage rates to the lowest level among big bank rivals, prompting speculation for a fall in typical interest to around 3.5% by the year-end. Premier account holders at the lender can now access five-year fixes at 3.81% following HSBC's latest cut, which comes after a string of reductions among rivals.
HSBC eyeing sale of South Africa business as disposals continue
HSBC Holdings PLC (LSE:HSBA) is continuing its retrenchment back to Asia with its South African business the next to be offloaded, a Bloomberg report claimed this morning. London-headquartered HSBC has already disposed of its subsidiaries in the US, France and Canada with a deal pencilled in to sell its Argentinian unit in April.
HSBC mulls sale of South Africa businesses amid Asia pivot, Bloomberg News reports
HSBC Holdings , is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to pivot its focus towards Asia.
HSBC upgrades Cisco to ‘Buy' with $58 price target: Should you invest?
Cisco Systems Inc. (NASDAQ: CSCO) received a vote of confidence today as HSBC upgraded the stock from “Hold” to “Buy” and raised its price target from $46 to $58.
HSBC to keep all branches in UK open until 2026
HSBC Holdings PLC (LSE:HSBA) has promised not to close any more branches until at least 2026, as part of its ongoing commitment to face-to-face banking amid a decline in the presence of banks on the high-street. The banking group has also committed to investing more than £50 million this year to upgrade and improve its existing branch network.
Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says
The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC's private bank said on Tuesday.
HSBC Showing Good Progress Mid-Year
HSBC's first half results showed that the bank is on track to grow earnings. Growth will likely come from their focus on the wealth segment. New customers and increased assets underpin their traction in their main markets of Hong Kong and the UK.
HSBC Q2 Pre-Tax Earnings Increase Y/Y as ECL Charges Decline
HSBC records a y/y decline in revenues in the second quarter of 2024.
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.
