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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: 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
HSBA Live PriceLast checked at -

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HSBC posts strong profit gain as revenue rises

Fri, 03rd May 2019 08:09

(Sharecast News) - HSBC's profit rose by almost a third in the first quarter as revenue increased and costs fell at the global bank. Britain's biggest bank said pre-tax profit for the three months to the end of March increased 31% to $6.2bn as revenue rose 5% to $14.4bn. Operating expenses fell 12% to $8.2bn.On an adjusted basis, excluding exceptional items, profit rose 9% to $6.4bn, beating a consensus forecast of $5.7bn. Adjusted revenue was also 9% higher at $14.4bn.Adjusted revenue increased 10% to $6bn in retail banking and wealth management and by 11% to $3.9bn in commercial banking. Revenue at the global markets business, which some HSBC insiders have accused of failing, fell 5% to $1.7bn.Headline costs fell due to fewer significant items, including a $0.9bn charge to settle regulatory matters a year earlier. Adjusted costs rose 3% to $8.1bn.John Flint, HSBC's chief executive, said: "These are an encouraging set of results, particularly in the context of heightened economic uncertainty globally. We remain focused on executing the strategy we outlined last June, while also being alert to risks in the global economy."HSBC shares rose 2.1% to 681.9p at 0811 BST.Flint, who became CEO in February 2018, is aiming to get more growth out of HSBC's existing international network after years of restructuring and upheaval following the financial crisis. The former retail banking boss is also seeking to draw a line under scandals that dogged the bank, including its failure to stop drug gangs laundering money through HSBC's Mexican business.Nicholas Hyett, an equity analyst at Hargreaves Lansdown, said: "HSBC's core businesses delivered solid performances in the first quarter, putting overall numbers comfortably ahead of market expectations. That's been driven by the bank's ability to keep cost low while growing revenues, and still investing $1bn in growth initiatives - that might not be the most exciting assessment of a bank's results you're ever going to get, but it's good news for HSBC's shareholders nonetheless."
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22 Dec 2023 06:32

HSBC eyes special payout as Canada OKs USD10 billion unit sale to RBC

(Alliance News) - HSBC Holdings PLC on Friday said the sale of its business in Canada to Royal Bank of Canada has received approval from the Canadian minister of finance, enabling the deal to proceed.

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22 Dec 2023 01:34

Canada approves RBC's deal for HSBC Canada, with conditions

Dec 21 (Reuters) -

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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14 Dec 2023 15:47

UK dividends calendar - next 7 days

Friday 15 December 
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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 16:26

US sanctions proposed buyer of HSBC's Russian business

Dec 12 (Reuters) - The U.S. on Tuesday imposed sanctions on Russia's Expobank, the proposed buyer of HSBC's local unit, a move that could complicate the British lender's long-awaited departure from Russia.

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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11 Dec 2023 11:00

TC Energy's Coastal GasLink seeks C$1.2 billion from pipeline contractor over delays

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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29 Nov 2023 16:55

LONDON MARKET CLOSE: Cooler German CPI boosts DAX but FTSE 100 falls

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29 Nov 2023 16:40

London close: Stocks mixed as US GDP growth tops forecasts

(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by a combination of UK data releases and robust economic growth in the US.

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