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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: 695.80
Ask: 696.00
Change: -1.40 (-0.20%)
Spread: 0.20 (0.029%)
Open: 696.10
High: 697.90
Low: 694.80
Prev. Close: 697.00
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HSBC pledges $2.5bn share buyback as interim profits plunge

Wed, 03rd Aug 2016 07:15

(ShareCast News) - Amid continuing turbulent economic conditions, HSBC Holdings' profits plunged in the second quarter to push interim result south of market expectations, though the bank sweetened the pill with news of a $2.5bn (£1.8bn) share buyback thanks to the sale of its Brazilian business.In the six months to 30 June, profits before tax of $9.71bn were down 28.7% from the same period last year earlier and short of the City's expectations of around $10bn. Earnings per share were down a third to $0.32.The sharper than forecast decline was due to second-quarter net profit dropping 40% to $2.61bn, with PBT plummeting 45% to $3.61bn.Most of the profit decline in the global business came from lower transaction volumes as the 'uncertain times' led to customer restraint, plus a higher $2.4bn of loan impairments.On the plus side, credit-related income remained solid and management made progress on cutting costs and reducing risk-weighted assets by $48bn.HSBC, which has paid $0.20 in two dividends for the current year, said it remained committed to sustaining its annual ordinary dividend at current levels "for the foreseeable future".But due to the uncertain economic and geo-political environment, together with director's expectations for an extended period of low interest rates, the timetable for reaching a target return on equity in excess of 10% by the end of next year has been removed.Common equity tier 1 (CET1) capital strengthened to 12.1% from 11.9% six months before.Chief executive Stuart Gulliver said the company performed "reasonably well" and was particularly pleased with progress in reducing costs and risk-weighted assets."Our highly diversified, universal banking business model helped to drive growth in a number of areas and we captured market share in many of the product categories that are central to our strategy. While economic conditions remain difficult, we are making progress in all of the areas within our control. In the meantime, our balanced business model, strong liquidity and strict cost management make us highly resilient."
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13 Nov 2023 12:27

Chinese credit growth ticks higher in October but rate of money supply increase slows

(Sharecast News) - Lending growth in the People's Republic of China ticked higher last month, but the details of the latest figures attested to cooling domestic demand even amid increased fiscal stimulus.

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13 Nov 2023 10:53

IN BRIEF: LXi REIT gets new extension for GBP60 million HSBC loan

LXi REIT PLC - FTSE 250 London-based commercial real estate investment trust - Agrees extension to existing GBP60 million loan facility with HSBC, part of HSBC Holdings PLC from December 2024 to December 2026, extending weighted average term from 5.1 years to 5.2 years. The HSBC facility was LXi's earliest maturing debt and was originally extended to December 2024 in early March. It retains its existing 2.05% per year above the sterling overnight indexed average, or Sonia, benchmark and has a 2.50% interest rate cap until December next year. LXi expects to hedge the facility's cost during the additional term to expiry in due course.

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9 Nov 2023 15:02

London close: Stocks gain as investors await Powell speech

(Sharecast News) - London's stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.

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7 Nov 2023 10:19

China's exports slide as imports unexpectedly jump

(Sharecast News) - China saw a steeper-than-expected fall in exports last month, trade data showed on Tuesday, while imports surprised to the upside.

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2 Nov 2023 16:02

UK dividends calendar - next 7 days

Friday 3 November 
Alumasc Group PLCdividend payment date
Andrews Sykes Group PLCdividend payment date
AVI Japan Opportunity Trust PLCdividend payment date
Barratt Developments PLCdividend payment date
British American Tobacco PLCdividend payment date
Brooks Macdonald Group PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Fintel PLCdividend payment date
Games Workshop Group PLCdividend payment date
HSS Hire Group PLCdividend payment date
Johnson Service Group PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Judges Scientific PLCdividend payment date
MP Evans Group PLCdividend payment date
M&G PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mortgage Advice Bureau Holdings PLCdividend payment date
Persimmon PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
TP ICAP Group PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Weir Group PLCdividend payment date
Wickes Group PLCdividend payment date
WPP PLCdividend payment date
Monday 6 November 
no events scheduled 
Tuesday 7 November 
no events scheduled 
Wednesday 8 November 
abrdn New Dawn Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Thursday 9 November 
abrdn Smaller Companies Income Trust PLCspecial ex-dividend payment date
Airtel Africa PLCex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Burford Capital Ltdex-dividend payment date
C&C Group PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
Galliford Try Holdings PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
NCC Group PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Schroder BSC Social Impact Trust PLCex-dividend payment date
Softcat PLCex-dividend payment date
SThree PLCex-dividend payment date
Target Healthcare REIT PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
Warpaint London PLCex-dividend payment date
  
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1 Nov 2023 14:03

IN BRIEF: Vanquis confirms David Watts, once of HSBC, as CFO

Vanquis Banking Group PLC - Bradford, England-based lender - Confirms that David Watts joined the board on Wednesday as Vanquis Banking's new chief financial officer and executive director, following a prior announcement on September 27. Watts will also join the board of Vanquis Bank Ltd following regulatory approval.

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1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

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

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30 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks stage fight back despite more banking woes

(Alliance News) - Stocks in London fought back on Monday, after hitting two-month lows on Friday, although a fall in HSBC shares kept a lid on further progress.

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30 Oct 2023 16:00

London close: Stocks higher after flurry of corporate updates

(Sharecast News) - London's financial markets showed resilience on Monday, finishing with gains as investors assessed corporate results and awaited significant central bank policy updates.

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30 Oct 2023 11:56

LONDON MARKET MIDDAY: Investors buy ahead of interest rate decisions

(Alliance News) - Stock prices in London were firmly up at midday on Monday, as investors awaited this week's central bank decisions in Japan, the US and the UK.

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30 Oct 2023 09:00

LONDON MARKET OPEN: Stocks rise; Ascential surges on disposals

(Alliance News) - Stock prices in London opened higher on Monday, as investors anticipated the week's central bank meetings, and considered the latest events in the Middle East.

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30 Oct 2023 07:44

LONDON BRIEFING: Pearson upgrades annual guidance; HSBC profit misses

(Alliance News) - Stocks in London are expected to start the week on a more optimistic note, as investors look ahead to central bank decisions and weigh up the potential risk from developments in the Middle East.

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30 Oct 2023 07:28

HSBC Q3 profit misses expectations; $3bn share buyback announced

(Sharecast News) - HSBC posted a smaller-than-expected jump in third-quarter profits on Monday, as it announced a $3bn share buyback.

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30 Oct 2023 06:56

LONDON MARKET EARLY CALL: FTSE to rise before central bank meetings

(Alliance News) - Stocks in London are set to open higher on Monday, as investors look ahead to the week's central bank decisions.

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30 Oct 2023 05:14

TOP NEWS: HSBC launches USD3 billion buyback as quarterly profit jumps

(Alliance News) - HSBC Holdings PLC on Monday reported that quarterly profit more than doubled, but fell short of market expectations, as it prepared to launch a USD3 billion share buyback.

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