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LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
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HSBC Holdings Information
Share Price Information for HSBC Holdings (HSBA)
Share Price is delayed by 15 minutes
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Share Price:
697.00
Bid:
697.10
Ask:
697.20
Change:
0.50 (0.07%)
Spread:
0.10 (0.014%)
Open:
694.00
High:
703.20
Low:
688.40
Prev. Close:
696.50
Last checked at -
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Don't have an account? Click here to register.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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18 Mar 2024 06:59
PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky
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Read more11 Mar 2024 14:05
HSBC to recruit about 50 more bankers for US commercial bank - Reuters
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Read more7 Mar 2024 15:29
London close: Stocks finish firmer as US jobless claims rise
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Read more4 Mar 2024 21:56
IN BRIEF: HSBC issues USD2.75 billion worth of senior notes
HSBC Holdings PLC - Asia-focused lender - Issues USD1.50 billion 5.546% fixed rate/floating rate senior unsecured notes due 2030 and USD1.25 billion 5.719% fixed rate/floating rate senior unsecured notes due 2035. HSBC will apply to list the notes on the New York Stock Exchange.
Read more1 Mar 2024 09:14
LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more29 Feb 2024 16:06
UK dividends calendar - next 7 days
| Friday 1 March | |
| AEW UK REIT PLC | dividend payment date |
| Alternative Income REIT PLC | dividend payment date |
| Atrato Onsite Energy PLC | dividend payment date |
| Carr's Group PLC | dividend payment date |
| CC Japan Income & Growth Trust PLC | dividend payment date |
| CVC Income & Growth Ltd (EUR) | dividend payment date |
| CVC Income & Growth Ltd (GBP) | dividend payment date |
| Gabelli Merger Plus+ Trust PLC | dividend payment date |
| ICG Enterprise Trust PLC | dividend payment date |
| IG Group Holdings PLC | dividend payment date |
| JPMorgan China Growth & Income PLC | dividend payment date |
| JPMorgan Claverhouse Investment Trust PLC | dividend payment date |
| LXi REIT PLC | dividend payment date |
| Pollen Street PLC | dividend payment date |
| TwentyFour Select Monthly Income Fund Ltd | dividend payment date |
| UK Commercial Property REIT Ltd | dividend payment date |
| Monday 4 March | |
| no events scheduled | |
| Tuesday 5 March | |
| Henderson Smaller Cos Investment Trust PLC | dividend payment date |
| PayPoint PLC | dividend payment date |
| Wednesday 6 March | |
| AB Dynamics PLC | dividend payment date |
| Thursday 7 March | |
| abrdn Diversified Income & Growth PLC | ex-dividend payment date |
| Assura PLC | ex-dividend payment date |
| Athelney Trust PLC | ex-dividend payment date |
| Berkeley Group Holdings PLC | ex-dividend payment date |
| BHP Group Ltd | ex-dividend payment date |
| Chenavari Toro Income Fund Ltd | dividend payment date |
| Colefax Group PLC | ex-dividend payment date |
| Crown Place VCT PLC | ex-dividend payment date |
| CT UK Capital & Income Investment Trust PLC | ex-dividend payment date |
| Energean PLC | ex-dividend payment date |
| HSBC Holdings PLC | ex-dividend payment date |
| JPMorgan Global Emerging Markets Income Trust PLC | ex-dividend payment date |
| JPMorgan Global Growth & Income PLC | ex-dividend payment date |
| Law Debenture Corp PLC | ex-dividend payment date |
| Mid Wynd International Investment Trust PLC | ex-dividend payment date |
| Personal Assets Trust PLC | ex-dividend payment date |
| Premier Miton Global Renewables Trust PLC | ex-dividend payment date |
| PZ Cussons PLC | ex-dividend payment date |
| Redcentric PLC | ex-dividend payment date |
| Renishaw PLC | ex-dividend payment date |
| Rights & Issues Investment Trust PLC | ex-dividend payment date |
| Rio Tinto PLC | ex-dividend payment date |
| Ruffer Investment Co Ltd | ex-dividend payment date |
| Safestore Holdings PLC | ex-dividend payment date |
| Schroder Real Estate Investment Trust Ltd | ex-dividend payment date |
| SDCL Energy Efficiency Income Trust PLC | ex-dividend payment date |
| South32 Ltd | ex-dividend payment date |
| Standard Chartered PLC | ex-dividend payment date |
| Temple Bar Investment Trust PLC | ex-dividend payment date |
| Utilico Emerging Markets Trust PLC | ex-dividend payment date |
| Vaalco Energy Inc | ex-dividend payment date |
| Comments and questions to newsroom@alliancenews.com | |
| A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional. | |
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27 Feb 2024 09:23
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(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more23 Feb 2024 09:19
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Read more21 Feb 2024 08:40
LONDON MARKET OPEN: HSBC and Glencore drag FTSE 100 into the red
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Read more21 Feb 2024 07:52
CORRECT: Glencore profit plunges as energy market normalises
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