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HSBC

Stock Data

$104.09

Change up

$0.88 (0.85%)

Asset Type

Common Stock

Exchange

NYSE

Currency

USD

Country

USA

Sector

FINANCIAL SERVICES

Industry

BANKS - DIVERSIFIED

HSBC Holdings plc offers banking and financial products and services globally. The company is headquartered in London, the United Kingdom.

Latest Activity

We delivered strong returns to our shareholders. Our 18.2% annualised RoTE reflects a strong performance. We are paying another 10 cents per share quarterly interim dividend. We have also resumed share buy-backs (up to $1bn), three quarters after we paused them following the Hang Seng Bank privatisation announcement.

The buyback pause tied to the Hang Seng Bank privatisation is over after three quarters, and up to $1 billion is back on the table alongside the quarterly dividend. Returns of that scale give shareholders a reason to reprice the capital story.

My first two years have been about building a stronger HSBC. The next phase is about putting more of those strengths to work. The completion of the Hang Seng Bank privatisation is one example of that. It brings together the strengths of two iconic banks for the benefit of customers and shareholders.

Two years of restructuring at the $370 billion lender are over, and Elhedery is now telling shareholders the Hang Seng Bank buyout marks the start of a growth phase built on Asia. Next test: whether that shift shows up in wealth revenue.

HSBCHSBC Holdings plc
Reports Tue Aug 4Before openConfirmed

HSBC reports before the open, and the bar just moved: Standard Chartered lifted its income target after a wealth management boom drove an earnings beat. The read on Hong Kong, where home prices have climbed to a 22-month high, is the other half of the story.

    THE SENTIMENT DESK

    HSBC US customers are venting on Reddit after a technical glitch truncated user IDs, locking accounts for weeks. The operational hiccup is sparking complaints to regulators and renewed scrutiny of the bank's US retail platform.

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