|Bid||725.00 x 200000|
|Ask||755.00 x 372700|
|Day's Range||748.80 - 770.05|
|52 Week Range||518.17 - 773.20|
|PE Ratio (TTM)||27.03|
|Forward Dividend & Yield||0.40 (4.24%)|
|1y Target Est||N/A|
European shares lagged their U.S. peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe's STOXX 600 ended the day down 0.46 percent, while U.S. stocks climbed higher in morning trading, boosted by news that a long-awaited tax cutting bill should face final votes in Congress before the year-end. "The only reason for U.S. stocks to overperform today is the hope of a tax reform", said Nicolas Cheron, head of research at Binck, adding that investors were typically cautious at this time of the year before often heading into a "Christmas rally".
Britain's top share index slipped on Thursday, weighed down by losses among financial stocks, while miner Lonmin soared after a rescue takeover bid. The FTSE index fell 0.46 percent to 7,462 points, with scarce impact from the Bank of England's decision to keep benchmark interest rates on hold. The decision was widely expected, with the economy slowing amid uncertainty over the country's exit from the European Union.
HSBC remains on track to achieve its expense saving target this year with focus on core operations. However, strained revenues continue to hurt profitability.
(Add details) * HKMA raises discount window rate to 1.75 pct from 1.50 pct * Fed leaves rate outlook for coming years unchanged HONG KONG, Dec 14 (Reuters) - The Hong Kong Monetary Authority (HKMA) raised ...
British shares steadied on Wednesday as investors' anticipation of a rate rise from the U.S. Federal Reserve drove financial stocks higher while high-yielding consumer stocks suffered. The FTSE 100 and mid-cap indices ended less than 0.1 percent lower, outperforming the broader European market which fell ahead of the rate decision. The prospect of rising rates in the United States drove sector performance on Wednesday, boosting financials while dragging on housebuilders and consumer stocks.
Shares in HSBC (5.HK) jumped 3.6% to their highest in since 2014 in Hong Kong ahead of the U.S. Federal Reserve's meeting on Wednesday, when it's widely assumed the federal funds rate will be hiked by 25 basis points from 1.25% to 1.50%. Asia's stock markets have stumbled this week as investors braced themselves for higher rates. However, the rate hike is good news for bank stocks and few lenders are in as good a position as Anglo-Asian lender HSBC to benefit from an increase in borrowing costs, according to Northern Trust Capital Markets' Head of Research Asia, Douglas Morton: HSBC is one of the most exposed banks to US rates (outside of the US) we think, a factor that has been to its detriment ... until now. As China begins to deepen their capital market and open up their financial system there can be few other companies set to benefit to quite the same extent as HSBC in our opinion.
Pleased with the dismissal of charges, HSBC Holdings (HSBC) promises to continue implementing "highest or most effective standards" to counter illegal financial activities.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for HSBC Holdings Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
(Adds company news items, futures) Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points on Tuesday, according to financial bookmakers, with futures up 0.22 percent ahead of the cash ...
Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points, on Tuesday, according to financial bookmakers. * SKY: Comcast Corp dropped its bid for most of the assets of Twenty-First Century ...
HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.
HSBC (HSBA.L) drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties. Europe's biggest bank paid a $1.9 billion (£1.4 billion) fine and entered into the five-year deal in 2012 for failing to prevent Mexican drug cartels from laundering hundreds of millions of dollars. Under the deal, HSBC pledged to strengthen its sanctions and anti-money laundering controls.
HSBC (HSBA.L) drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties. Europe's biggest bank paid a $1.9 billion fine and entered into the five-year deal in 2012 for failing to prevent Mexican drug cartels from laundering hundreds of millions of dollars. Under the deal, HSBC pledged to strengthen its sanctions and anti-money laundering controls.
A weaker pound, rising oil prices and growing confidence in the financial sector helped pushed British shares higher and well ahead of their European peers on Monday. The blue-chip FTSE 100 climbed 0.7 percent, outperforming Paris and Frankfurt which retreated 0.2 percent and 0.3 percent respectively. "GBP (sterling) has given up the gains made on Friday morning" after the announcement of a deal between the European Commission and Britain on Brexit divorce terms, Rabobank said in a note.
MILAN/LONDON (Reuters) - Persistent weakness in tech stocks outweighed strong financials on Monday, while a climb in the euro dented euro zone markets, leaving the pan-European STOXX 600 index 0.1 percent lower. Also weighing were utilities and telecoms, two sectors which tend to underperform when interest rates rise, making their steady dividend flows less attractive. Relief after last week's deal on new global banking rules also helped banks give a boost to European markets.
HSBC Holdings Plc said its five-year-old deferred prosecution agreement with the Department of Justice has expired, signaling the U.S. is satisfied with the bank’s improvements to its compliance systems ...
Blue-chip stocks in the U.K. rose, trading around two-week highs as bank shares bulked up and as the pound remained under pressure.
HSBC Holdings Plc, Europe’s biggest bank by assets, has told its dealmakers to avoid pursuing business for now with embattled Chinese conglomerate HNA Group Co., people with knowledge of the matter said....
One of China’s biggest insurers has become the second-largest shareholder of HSBC Holdings, but it won’t influence how the U.K.-based bank is run, HSBC’s departing Chief Executive Stuart Gulliver said....
HSBC said on Friday that it had expanded its Asian research team by hiring 15 analysts following the launch of HSBC Qianhai Securities, the first Chinese securities joint venture to be majority-owned by a foreign bank. A new team of equity research analysts based in Shenzhen will work with Asian and global colleagues to deliver a research view across sectors, including IT hardware, software, healthcare, internet, media, consumer staples and autos, the bank said. HSBC Qianhai will continue to add to this team, which is expected to reach 50 people over the medium-term.
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LONDON/PARIS (Reuters) - British bank Barclays has slid down the rankings in arranging European government bond sales as new regulations and Brexit uncertainty cause upheaval in the sector. Barclays had the largest share of the government syndicated bond market in 2015 and 2016 with over 10 percent, Thomson Reuters data show. BNP Paribas, which has been making a push into the market, took the top spot with a 9.3 percent share, the same as last year and up from 5.9 percent in 2015.
HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday. Currently non-Chinese groups are limited to 49 per cent stakes in joint ventures in the fast-growing market. HSBC's 51 percent control of HSBC Qianhai Securities is unique because it was able to use its long-established Hong Kong unit to take advantage of a rule favouring banks based in the city.
HSBC (HSBA.L) has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday. Currently non-Chinese groups are limited to 49 per cent stakes in joint ventures in the fast-growing market. HSBC's 51 percent control of HSBC Qianhai Securities is unique because it was able to use its long-established Hong Kong unit to take advantage of a rule favoring banks based in the city.