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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 697.70
Bid: 675.70
Ask: 700.00
Change: 0.00 (0.00%)
Spread: 24.30 (3.596%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 697.70
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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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America Movil prioritizing peso-denominated debt, CFO says

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5 Sep 2023 12:05

IN BRIEF: Kinovo renews banking facilities with partner HSBC

Kinovo PLC - London-based property services provider offering safety compliance and sustainability solutions - Renews banking facilities with partner HSBC Holdings PLC. The facilities have been renewed to May 31, 2024, to align with Kinovo's year-end reporting schedules. They consist of a GBP2.5 million overdraft facility at an interest rate of 2.85% above the Bank of England base rate and a GBP6.0 million purchasing card facility, on which there is no interest charge.

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4 Sep 2023 07:54

Ex-GIC bond manager to launch hedge fund -BNP Paribas

LONDON, Sept 4 (Reuters) - Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is set to launch a hedge fund by year-end in London, according to a note to clients from BNP Paribas.

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1 Sep 2023 18:26

RBC's $10 bln deal for HSBC unit approved by Canada's Competition Bureau

Sept 1 (Reuters) - Canada's Competition Bureau said on Friday that Royal Bank of Canada's (RBC) C$13.5 billion ($10 billion) offer to buy HSBC's domestic unit was unlikely to hurt competition, clearing the way for the country's largest bank to push ahead with its biggest acquisition.

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1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

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30 Aug 2023 12:19

40-year mortgage terms now offered by HSBC UK

(Alliance News) - HSBC Holdings PLC's HSBC UK is offering 40-year mortgages to help people on to or up the property ladder.

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29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

U.S. job openings data boosts Fed pause bets

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29 Aug 2023 12:51

China's Ping An Insurance first-half profit falls 1.2%, retail business weakens

HONG KONG/BEIJING, Aug 29 (Reuters) - Ping An Insurance (Group) Co of China Ltd on Tuesday reported a 1.2% drop in first-half net profit.

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29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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29 Aug 2023 07:49

LONDON BRIEFING: Bunzl profit up; Rio Tinto sells copper project stake

(Alliance News) - Stocks in London are called to open higher on Tuesday, following a long bank holiday weekend.

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27 Aug 2023 11:37

Saudi Arabia healthcare group Fakeeh Care weighs IPO, appoints HSBC - sources

DUBAI, Aug 27 (Reuters) - Saudi Arabia's Fakeeh Care, one of the largest private hospital groups in the kingdom, is considering selling a 30% stake through an initial public offering (IPO), two sources with knowledge of the matter told Reuters.

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21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

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18 Aug 2023 17:34

European shares sink to lowest in six weeks, China woes loom large

China-exposed firms fall on growth concerns

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

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