HSBC - HSBC Holdings plc
After hours:
| Previous close | 37.42 |
| Open | 37.81 |
| Bid | 37.66 x 900 |
| Ask | 37.99 x 1800 |
| Day's range | 37.71 - 37.88 |
| 52-week range | 24.77 - 39.63 |
| Volume | |
| Avg. volume | 2,275,776 |
| Market cap | 150.846B |
| Beta (5Y monthly) | 0.59 |
| PE ratio (TTM) | 6.65 |
| EPS (TTM) | 5.69 |
| Earnings date | N/A |
| Forward dividend & yield | 2.10 (5.61%) |
| Ex-dividend date | 11 May 2023 |
| 1y target est | 49.98 |
- Financial Times
The institutional investors souring on China
Plus, HSBC considers whether Ping An has political motivations and cyberweapon maker Paragon takes on NSO Group
- Financial Times
How HSBC’s China battle threatens to ‘heat right back up’
As the vote results came in, HSBC chair Mark Tucker could finally declare victory at the end of a fractious annual general meeting in Birmingham this month. Tucker had spent a torrid year locked in a war of words with HSBC’s largest shareholder, Chinese insurer Ping An, who had turned activist at the bank’s previous AGM with a demand the 158-year-old bank be split in two. A special resolution backed by Ping An calling for an east-west break-up failed, winning just shy of 20 per cent, far short of the 75 per cent needed for success.
MoneySmartThe New HSBC TravelOne Credit Card: Unlock Instant Rewards Redemption+, up to 2.4mpd & Other Travel Privileges
During sakura season in Japan, my social media feed literally turned pink with the flurry of posts from friends who were “revenge travelling” and finally embarking on the long-awaited holidays... The post The New HSBC TravelOne Credit Card: Unlock Instant Rewards Redemption+, up to 2.4mpd & Other Travel Privileges appeared first on MoneySmart Blog.
ZacksBank of America (BAC) May Face Benefit Card Fraud Lawsuit
Per the U.S. District Judge Larry Alan Burns, cardholders must file a lawsuit against Bank of America (BAC) for its violation of state law by issuing cards, without standard security measures, to millions of people in California in 2020.
ZacksHSBC, Citi, 3 Others Likely to be Fined for UK Bond Collusion
Citi (C), Deutsche Bank (DB), HSBC, Morgan Stanley (MS) and Royal Bank of Canada (RY) have allegedly conspired in chat rooms to swap sensitive information on UK bonds between 2009 and 2013.
ZacksHSBC Mulls Exit From 12 Countries to Focus on Asia Business
HSBC weighs exits from roughly 12 countries as part of its strategy to further bolster presence in the Asia region.
ZacksBank of Montreal (BMO) Stock Down 4.6% as Q2 Earnings Fall Y/Y
The acquisition of Bank of the West supports Bank of Montreal's (BMO) fiscal Q2 results as revenues increase. Yet, higher expenses and provisions act as headwinds.
- Zacks
HSBC, Scotiabank (BNS) Win Silver-Price-Fixing Lawsuit Dismissal
The lawsuit by investors against HSBC and Scotiabank (BNS) over silver-price-fixing has been dismissed by a U.S. judge in Manhattan.
The GuardianMajor banks shared sensitive bonds information in online chats, CMA finds
Traders at five banks found to have discussed British government bond trading between 2009 and 2013
ReutersHSBC puts global footprint under fresh scrutiny, considers dozen exits
LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from Chinese shareholder Ping An Insurance, which wants HSBC to prioritise growth in Asia, where the British bank generates 78% of its total profit. "Some of these will have slower progress than others, and none of them is material enough on its own to change the profile of the overall business, but as we progress through and execute on these assessments, we do expect them to contribute towards that shift to Asia," Elhedery said, declining to disclose which markets were under review or the time frame.
- Financial Times
Five banks broke competition law over gilts, UK watchdog provisionally finds
Five of the world’s largest banks broke UK competition law by sharing sensitive information when trading British government bonds in the wake of the financial crisis, according to provisional findings from the country’s competition regulator. A small number of traders at Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada unlawfully shared sensitive information, including on pricing and strategies, in chat rooms on Bloomberg terminals between 2009 and 2013, according to the provisional finding published by the Competition and Markets Authority on Wednesday.
- Financial Times
SVB’s new owner First Citizens sues HSBC over hiring of bankers
Lawsuit alleges it was targeted by a ‘scheme to plunder’ more than 40 employees after Silicon Valley lender’s collapse
ReutersFirst Citizens sues HSBC for hiring away Silicon Valley Bank staff
(Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank's employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so it could gain access to Silicon Valley Bank's (SVB) trade secrets including information about clients in the tech and healthcare sectors. First Citizens in the lawsuit said it is seeking more than $1 billion in damages.
- Zacks
Zacks Investment Ideas feature highlights: SPDR S&P Regional Banking ETF and HSBC
SPDR S&P Regional Banking ETF and HSBC have been highlighted in this Investment Ideas article.
- Zacks
This Large-Cap Bank Is Separating Itself from the Herd
This stock is outpacing the market, returning north of 28% this year alone.
The TelegraphWhy investing with your bank could be an expensive mistake
One of the first and most important questions you need to ask yourself before you start investing is which platform you should trust with your nest egg.
MoneySmartHSBC is Giving You Cashback For Paying Your Taxes? We Review HSBC’s Everyday+ Rewards Programme
Wouldn’t it be great to get cashback on our taxes like how we get cashback on our shopping? Hang on a second. We actually can! HSBC’s Everyday+ Rewards Programme gives... The post HSBC is Giving You Cashback For Paying Your Taxes? We Review HSBC’s Everyday+ Rewards Programme appeared first on MoneySmart Blog.
ZacksGoldman Sachs (GS) Fined by ECB for Faulty Risk Reporting
Goldman's (GS) credit risk reporting errors and miscalculation of its RWAs, as flagged by the ECB, highlight deficiencies in its internal controls.
ZacksWells Fargo (WFC) to Pay $1B for Shareholders' Class-Action Suit
Wells Fargo (WFC) agreed to pay $1 billion related to a shareholder lawsuit accusing it of overstating progress on resolving its 2016 fake account scandal.
ZacksUnits of HSBC Agree to Pay $75 Million to Settle CFTC's Charges
The CFTC has charged units of HSBC for manipulative and deceptive trading, and record-keeping failures.
ReutersHSBC to pay $75 million in penalties to settle U.S. CFTC charges
NEW YORK (Reuters) -Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator said on Friday. HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive trading in connection with swaps, spoofing and record-keeping failures, CFTC said in a statement. HSBCA Bank USA, HSBC Bank Plc and HSBC Securities admitted to charges related to record-keeping and supervision failures and agreed to pay $30 million to settle them, the regulator said in a separate statement.
ReutersHSBC, Scotiabank hit with US penalties over employees' use of personal devices
WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees' use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators. HSBC Securities Inc agreed to pay $15 million to settle U.S. Securities and Exchange Commission (SEC) charges.
- Zacks
HSBC's Focus in the Asia Region Aids, Rising Expenses Ail
HSBC is poised for growth driven by a focus on Asia, global restructuring initiatives and a solid capital position. However, macroeconomic uncertainties and rising costs pose headwinds.
- Business Wire
NYU Stern Center for Sustainable Business and HSBC Bank USA Launch Framework to Drive Investment in the Food and Beverage Sustainability Initiatives, Maximizing Impact and Financial Returns
NEW YORK, May 10, 2023--HSBC Bank USA, in partnership with NYU Stern Center for Sustainable Business (CSB), today announced the release of the Food and Agriculture Sustainability Strategies Framework. Grounded in the ROSI™ (Return on Sustainability Investment) methodology developed by CSB, the unique framework helps sustainability and financial leaders within food and agriculture companies make the business case for sustainability initiatives that will deliver both financial value and positive s
- Reuters SG
KKR, Macquarie eyeing Singapore's waste management firm SembWaste - sources
U.S. private equity group KKR & Co Inc and Australia's Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore's energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with knowledge of the matter. Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources.