HSBC Holdings plc Sponsored ADR (HSBC)
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.
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?
