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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 695.60
Bid: 695.10
Ask: 695.50
Change: 0.00 (0.00%)
Spread: 0.40 (0.058%)
Open: 0.00
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Prev. Close: 695.60
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HSBC a 'buy' but target price under review, says Investec

Mon, 22nd Feb 2016 09:35

(ShareCast News) - HSBC delivered a reasonable performance on costs in the last quarter of the year, but the weaker outlook for revenues led Investec's Ian Gordon to tell clients he hoped "fresh cost reduction initiatives" would go beyond existing targets.Underlying costs for the last quarter of 2015 of $10bn were 1% better than consensus, but the weaker prospects for revenues meant the lender would not meet its target for returns on equity of above 10% by 2018 without fresh cost-cutting measures, the analyst explained.HSBC reported pre-tax profit of $18.9bn for the year to 31 December 2015, up from $18.7bn in 2014 but below forecasts of $21.8bn.Adjusted revenue rose 1% to $57.8bn from $57.2bn in 2014, with growth in Global Banking & Markets, Commercial Banking and Principal Retail Banking and Wealth Management.However, fourth quarter revenues missed analysts' forecasts by $1.1bn; with a "reasonably resilient" performance in GB&M offset by softer retail revenues, particularly in Asia.HSBC also booked $0.8bn more in provisions in the last three months of 2015, driven mainly by oil and gas and commodities-related exposures.Gordon added: "The $1.5bn UK bank levy charged in Q4 2015 offers a reminder of why we believe HSBC was mistaken in its decision last week to retain its UK domicile."On a more positive note, HSBC did raise its so-called common equity Tier 1 capital ratio from 11.8% in the third quarter to 11.9% in the fourth quarter.It also raised its dividend payout for the last quarter of the year to 21 cents, giving it an actual yield of 7.9%, the analyst concluded.Investec stuck to its 'buy' recommendation on shares of HSBC but placed its target price under review.Shares fell 3.28% to 435.20p at 1001 GMT.
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30 Apr 2024 17:15

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HSBC led gains on FTSE 100 on upbeat profit, $3 bln buyback

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30 Apr 2024 17:11

STOXX ends lower as auto giants weigh; investors parse inflation data

HSBC jumps after results, $3 bln in fresh buybacks

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30 Apr 2024 17:08

London close: Stocks follow Wall Street into the red

(Sharecast News) - London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as investors monitored the start of the Federal Reserve's two-day policy meeting.

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30 Apr 2024 17:02

CORRECT: London stocks take hit as Wall Street slips

(Correcting closing price of European stocks.)

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30 Apr 2024 16:53

LONDON MARKET CLOSE: London stocks take hit as Wall Street slips

(Alliance News) - Stock prices in London closed in the red on Tuesday, following Wall Street lower, as investors look ahead to a key interest rate decision from the US Federal Reserve.

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30 Apr 2024 12:57

Stocks set for monthly loss, earnings, macro action heats up

LONDON, April 30 (Reuters) - Global shares headed for their first monthly loss in six months on Tuesday ahead of a slew of economic data, earnings and the U.S. Federal Reserve's policy meeting, while the yen weakened a day after suspected intervention lifted it from 34-year lows.

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30 Apr 2024 12:36

Shares head for monthly loss in action-packed week

LONDON, April 30 (Reuters) - Global shares headed for their first monthly loss in six months on Tuesday ahead of a slew of economic data, earnings and the U.S. Federal Reserve's policy meeting, while the yen weakened a day after suspected intervention lifted it from 34-year lows.

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30 Apr 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 outperforms; carmakers slide in Europe

(Alliance News) - London's FTSE 100 was higher on Tuesday afternoon, defying more tepid trade in mainland Europe, as eyes turn to the Federal Reserve and as investors consider what the latest batch of eurozone data means for the ECB.

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30 Apr 2024 08:55

LONDON MARKET OPEN: HSBC and Prudential bookend FTSE 100

(Alliance News) - London's FTSE 100 outperformed European peers in early trade on Tuesday, with lender HSBC leading the way, while the dollar traded higher on the eve of the next Federal Reserve decision.

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30 Apr 2024 07:53

LONDON BRIEFING: Prudential APE sales up; Coca-Cola HBC backs outlook

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, the eve of the next Federal Reserve decision, with a batch of data from the eurozone due in the morning.

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30 Apr 2024 07:48

TOP NEWS: HSBC first-quarter profit beats forecasts; CEO to step down

(Alliance News) - HSBC Holdings PLC on Tuesday announced its chief executive intends to step down, as it unveiled a new buyback and special dividend alongside first-quarter results.

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30 Apr 2024 07:03

HSBC chief executive Quinn in shock departure

(Sharecast News) - HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.

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LONDON MARKET EARLY CALL: FTSE 100 to open flat as Fed decision looms

(Alliance News) - Stocks in London are set to open largely flat on Tuesday, as some pre-Federal Reserve decision caution threatens to halt the FTSE 100's recent rally.

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29 Apr 2024 14:19

Abu Dhabi publishes ADQ financials for first time ahead of bond sale

ABU DHABI, April 29 (Reuters) - Abu Dhabi offered a first look inside the financials of its youngest sovereign wealth fund ADQ on Monday as it hired banks for a dual-tranche dollar denominated inaugural bond.

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29 Apr 2024 09:46

Supermarket Income REIT buys Carrefour portfolio in France

(Alliance News) - Supermarket Income REIT PLC on Monday said it has acquired the Carrefour SA supermarket portfolio in France for EUR75.3 million.

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