|Bid||65.450 x 0|
|Ask||65.500 x 0|
|Day's Range||65.300 - 65.650|
|52 Week Range||60.350 - 77.450|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||13.26|
|Forward Dividend & Yield||6.59 (9.74%)|
|1y Target Est||10.07|
Global consumer lender Home Credit Group has appointed Citigroup, HSBC Holdings and Morgan Stanley to lead its upcoming Hong Kong initial public offering (IPO) of at least $1 billion, three people with direct knowledge of the matter said. One person said Home Credit plans to file with the Hong Kong stock exchange as early as next month and list in September or October. Home Credit, Citi, HSBC and Morgan Stanley declined to comment.
To find some ideas, we decided to ride on the coattails of the Morningstar Global ex-US Moat Focus Index. Morningstar ranks the wide- and narrow-moat stocks in the broad index by lowest price/fair value to find the 50 cheapest wide- and narrow-moat stocks. Switzerland's ABB is a global supplier of power and automation products. Its power grids and robotics and motion divisions are better positioned now to capture share in their respective markets than they have been in recent years, suggests Morningstar director Denise Molina.
LONDON, UK / ACCESSWIRE / May 21, 2019 / HSBC (NYSE: HSBC) (contact: 'synd manager'; telephone: +44 207 992 8066) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named ...
HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest economy. Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West. In recent years the London-based bank has spent $3 billion (2 billion pounds) annually on its group technology operations which employ 40,000 people worldwide, and West said annual investments of $3-$3.5 billion are planned over the next few years.
HSBC Global Asset Management, the investment management business of the bank, said on Friday Chief Investment Officer Chris Cheetham would retire after spending 16 years at the company. HSBC said Cheetham's ...
BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc have been brought on as joint bookrunners for the planned Hong Kong IPO, according to the people, who asked not to be identified because the information is private. AB InBev is targeting a July listing for the business in a deal that could raise at least $5 billion, Bloomberg News reported last week.
Noor Bank is working with Barclays Plc on the deal, the people said, asking not to be identified because the discussions are private. An acquisition would create a lender with 278 billion dirhams ($76 billion) in assets. Dubai Islamic Bank can see “a lot of synergies with an acquisition of Noor,” Chief Executive Officer Adnan Chilwan said last month after Bloomberg reported that the companies had held initial talks.
Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge.
Moody´s de México ("Moody's") assigned Baa1 and Aa1.mx long-term global and Mexican National Scale local currency senior unsecured debt ratings to HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's (HSBC México) proposed issuance of Certificados Bursátiles Bancarios (HSBC 19). In addition, Moody´s assigned Baa1 and Aa1.mx long-term global and Mexican National Scale foreign currency senior unsecured debt ratings to HSBC México's proposed issuance of Certificados Bursátiles Bancarios (HSBC 19D).
The FTSE 100 ended 0.4 percent higher, following three sessions of decline, and the FTSE 250 overturned earlier losses to close up 0.1 percent. HSBC was the biggest support to the main bourse, rising 2 percent to its highest level in over eight months as its profit surpassed analysts' expectations thanks to a surge in income from its core Asian business. Miners snapped a seven-day losing streak with a 1.1 percent jump as metal prices picked up with China and the United States set to resume trade talks next week.
HONG KONG/LONDON (Reuters) - HSBC Holdings PLC smashed forecasts with a 31 percent rise in first quarter profit, bolstered by a surge in income from its core Asian business and lower costs that outweighed a poor performance from investment banking. HSBC said operating expenses dropped 12 percent in the January-March quarter, helped by one-off sales in its retail and commercial businesses and the non-recurrence of U.S. regulatory fines for past misdeeds. Profit before tax rose to $6.21 billion (£4.78 billion) from $4.76 billion in the same quarter last year, above the $5.58 billion average of analysts' estimates compiled by the bank.
HSBC Holdings Plc Chief Executive Officer John Flint is pressing ahead with a plan to rein in costs after the Asia-focused lender reported its best quarter in more than three years. The better-than-expected first quarter results were driven by revenue growth that increased at triple the pace of adjusted operating expenses, reversing a pattern that bedeviled Flint in 2018. HSBC made 80 percent of its profit in Asia, while Europe accounted for about 1 percent, highlighting the importance of Hong Kong and China to its earnings.
HSBC Holdings Plc’s achievement in bringing costs under control in the first quarter shouldn’t be an excuse to stand still. The bank posted a higher-than-estimated pretax profit of $6.35 billion Friday as revenue growth outpaced the increase in expenses, a phenomenon known in industry jargon as “positive jaws.” Revenue climbed 9 percent versus a 3.2 percent rise in costs, helped by a boom in retail banking and inflows to its Asian private bank. Dig into HSBC’s expense report and there’s less to cheer.
May 3 (Reuters) - Hsbc Holdings Plc: * Q1 REPORTED PROFIT AFTER TAX UP 31% TO $4.9BN. * ANNOUNCES FIRST INTERIM DIVIDEND OF $ $0.10 PER SHARE * WILL ANNOUNCE DECISION ON 2019 SHARE BUYBACKS AT HALF-YEAR ...
HONG KONG/LONDON, May 3 (Reuters) - HSBC Holdings PLC posted on Friday a 31 percent rise in first-quarter profit, beating estimates, bolstered by a surge in income in its core Asian business and as the London-headquartered bank managed to rein in costs. Profit before tax at Europe's biggest lender by assets rose to $6.21 billion in the January-March quarter from $4.76 billion in the same quarter last year, it said in a stock exchange filing. The latest quarter's profit was above the $5.58 billion average of analysts' estimates compiled by the bank.
HSBC's Hong Kong-listed shares have gained around 5% this year, while its London-listed shares have lost around 3.22% in 2019.