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HSBC Holdings plc (HSBC)

NYSE - NYSE Delayed Price. Currency in USD
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20.17+0.29 (+1.46%)
At close: 4:00PM EDT

20.32 +0.15 (0.74%)
After hours: 5:54PM EDT

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  • C
    C
    The Times of London: Analysts said that the insurer was unlikely to receive a seat on HSBC’s board as a result of its increased shareholding. However, there has been speculation that the bank may increase the number of directors from Asia. Currently only three of 15 are from the region. One of them, Laura Cha — chairwoman of Hong Kong Exchange, with close connections to Beijing — is expected to step down from HSBC’s board soon, having served for nine years.
    Ping An started buying shares in HSBC in 2016 and took its stake above 5 per cent in December 2017, after which it had to publicly disclose its holding and changes. It has suffered a heavy loss on its HSBC’s shares, which have lost nearly 60 per cent of their value in the past two years.
    Asian investors were said to be angry when HSBC along with other big banks in the UK were ordered to freeze dividends earlier this year to help cope with the financial cost of the pandemic.
    HSBC has been hit by several difficult issues in recent months, the most recent of which were reports last week of a leak of documents alleging that it along with other banks continued to move money for clients which suspected of engaging in criminal activity.
    HSBC has also been criticised by US and British politicians for supporting Beijing’s National Security Law to crack down on Hong Kong dissidents and has been attacked by Chinese authorities for its role in the arrest of Meng Wanzhou, finance chief of the Chinese telecoms group Huawei, in December 2018 at Vancouver airport on a warrant from the US.
    Observers believe that pressure on the bank may lift somewhat after the US election in November and once noise over Ms Meng’s contested extradition dies down, although that may not be for many months.
    Bearish
  • j
    jimmy
    China’s Ping An Insurance Group Co. raised its stake in HSBC Holdings Plc, cementing its position as the lender’s biggest shareholder.

    Ping An Asset Management Co., a unit of the insurer, bought 10.8 million shares of HSBC on Wednesday, according to a Hong Kong stock exchange filing on Friday. That brings the group’s stake to 8% from 7.95% previously. BlackRock Inc., the second-biggest holder, currently owns 7.14%.
  • C
    C
    Money laundering is ubiquitous. If governments really wanted to clamp down on it, they would. It’s easier and politically expedient to blame HSBC and other banks. HSBC should pay the price because their business model is under significant threat; Brexit set the UK up for failure, the Eurozone is hostile to banks, and China promotes their own. HSBC needs a radical pivot to new sources of business; the old ways aren’t working, and haven’t been for some years. But the money laundering story is really a big nothing burger compared with the bank’s true issues.
    Bearish
  • j
    john
    The us wants too issue sanctions against this company in particular good for a 5% pop. The sec should investigate issue sanctions now
  • y
    y
    HSBC should consider spinning off its Hong Kong subsidiary Hang Seng Bank. The move could easily lift its share price by 25% with the announcement alone.
  • J
    Julien
    The story is a bit sensationalist, similar to the Panama papers where the people involved in 85% of the documents were not outside the law. HSBC reported as required. The question is, why is there zero action from law enforcement and zero feedback from the same saying “yes it’s fishy, here’s an interim court order freezing the account.” Law enforcement is either ill-equipped or under motivated to “follow the money” as they do in the movies. It probably has something to do with the complexity which is beyond the expertise and education of most agents of governments.

    What the article implies is that the onus should be on a financial institution to somehow verify, or perhaps have the client verify source of funds to be transferred, which may have taken 20 years to accumulated or been accumulated 20 years ago. How long will non-criminal clients need to retain records to prove funds are above board. Caution must be taken in the erosion of a presumption of innocence. Flame away.
  • L
    Louise
    Are we ever going to see this go back up ?
    Neutral
  • P
    Phil
    Should dividends from these shares be entered as foreign income on tax return?
  • S
    Sherman
    People need to relax. Hsbc is down 50% from their 52 week high but so are other bank stocks like C and WFC. Be patient and accumulate because this will slowly creep back to $30. May not seem like much but it’s 50% gain from this price.
  • B
    Boe Jiden
    New lows coming. Good for the Chinese who are adding they get to add more cheaper
  • E
    EXTREMELY OVERVALUED US MARKET
    $^FTSE conversation
    How the hell they are PUMPING FTSE 100 (^FTSE) BUBBLE AGAIN????
    The UK and EU Economies are COLLAPSING and Second Large Scale Coronavirus LOCKDOWN is Coming!
    $BP $HSBC
    Bearish
  • Y
    Yahoo Finance Insights
    HSBC is down 5.83% to 18.58
  • D
    Dan
    HSBC will go $5.00 next summer.
    Bearish
  • A
    Antone
    HSBC market cap is 80 Billion - It holds GLD ETF value at 60 Billion. Is this right? If this bank goes under then what happens to all these paper Gold?
  • C
    C
    The right thing to do in this case would be to sell the news and pocket the cash.
    Bearish
  • 永慶
    +10% today
  • M
    Mason
    SMIC was sanctioned today. does China respond with putting out its unreliable list? will hsbc be on it? will US sanction hsbc next?
  • M
    Michael
    When the virus started to affect business. The bank regulators in London told all British banks to stop paying dividends. HSBC said they had plenty of money to cover the regular dividend and the year end special dividend. I hope all this money is collecting interest. Any one heard when British banks will begin to pay dividends again?
  • M
    Mason
    it wouldnt surprise me if HSBC was bankrupt in 30 days. Lehman collapsed in basically a 10 day time frame
  • T
    Theo
    Funded terrorist groups and people here say “buy on the dip”? All I hope is the executives go to prison and the stock goes to zero.