|Bid||661.60 x 200000|
|Ask||662.30 x 372700|
|Day's Range||660.10 - 667.00|
|52 Week Range||596.40 - 749.90|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||10.52|
|Earnings Date||May 3, 2019|
|Forward Dividend & Yield||0.64 (10.22%)|
|1y Target Est||9.20|
Business executives including HSBC Holdings Plc Chief Executive Officer John Flint and BlackRock Inc. CEO Larry Fink participated in panel discussions on Wednesday at a financial summit in Saudi capital—the same men who six months ago boycotted a similar conference over the murder of U.S.-based journalist Jamal Khashoggi. “We are excited about the role that we can play here,” Flint said on a morning panel about transforming the Saudi financial sector. Convened just a day after Saudi Arabia executed 37 citizens found guilty of various terrorism-related charges, the Financial Sector Conference’s popularity is the latest sign that it’s back to business as usual for Saudi Crown Prince Mohammed bin Salman.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hsbc Bank Argentina S.A. New York, April 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hsbc Bank Argentina S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The Bank of England said it would shorten its annual bank stress-testing cycle to give the sector more time to reflect and implement necessary changes such as boosting capital. The BoE has conducted regular stress tests of top lenders such as HSBC, Barclays, Lloyds and RBS since 2014, the aftermath of a global financial crisis that forced Britain to bail out undercapitalised banks. In a report, the central bank's Independent Evaluation Office (IEO) recommended giving banks more downtime between assessment cycles to reflect upon and implement changes.
LONDON/FRANKFURT (Reuters) - European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet. Cost-conscious banks are reluctant to spend millions more and cause further disruption to already unsettled staff given uncertainty over how and when Britain will leave the EU. "Businesses are trying to be savvy, to meet the minimum legal requirement and figure the rest out after Brexit," Hakan Enver, managing director for financial services at recruiter Morgan McKinley told Reuters.
“We’re in the early stages of that analysis,” Chief Executive Officer Adnan Chilwan said on a conference call on Tuesday. “There are a lot of synergies that we can see with an acquisition of Noor and should those synergies work, it would be beneficial” for the shareholders of both banks, he said. Dubai Islamic Bank held preliminary discussions with Noor Bank shareholders, people familiar with the matter said earlier this month.
April 18 (Reuters) - HSBC Holdings PLC: * ANNOUNCES APPOINTMENT OF RICHARD GRAY AS GROUP COMPANY SECRETARY FROM 19 APRIL ON AN INTERIM BASIS * RICHARD GRAY REPLACING BEN MATHEWS WHO HAS RESIGNED WITH EFFECT ...
April 18 (Reuters) - Walmart Inc * HSBC, WALMART ANNOUNCED ROLL-OUT OF SUSTAINABLE SUPPLY CHAIN FINANCE PROGRAMME THAT PEGS SUPPLIER'S FINANCING RATE TO ITS SUSTAINABILITY PERFORMANCE Source text for Eikon: ...
“We are in an unusual position in this month’s FX Tactician, deciding for the first time not to introduce a new trade idea for the month ahead,’’ Daragh Maher, the bank’s U.S. head of currency strategy, wrote in a note to clients. The lack of movement in the markets means that implied three-month volatility for G7 currencies is running two standard deviations below its long-run average, according to an index from JPMorgan. The lack of gyrations bedevils traders taking a position on directional swings between pairs, and pushed influential investors to wager on continued tranquility to generate returns in a low-volatility environment.
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
The FTSE 100 added 0.4 percent after hitting its highest since Oct. 4 as a dip in pound boosted blue-chip exporter stocks. The more domestically-focused midcap index built on last week's momentum, when the European Union agreed a second delay to Brexit, and clung to its six-month high with a 0.6 percent rise. Both followed gains in Asia after data showed that new home prices in China grew slightly faster in March after a slow-down the previous month, kindling hopes that Beijing's stimulus measures were having an impact.
LONDON, April 16 (Reuters) - Investors in Britain's Royal Bank of Scotland have been urged to vote against the bank's remuneration plans at next week's annual general meeting, as pay for top bosses at ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of HSBC México, S.A. New York, April 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of HSBC México, S.A. and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online holiday bookings comes as regulators across Asia open up their banking sectors to a new breed of digital players.
The FTSE 100 was up 0.3 percent and the FTSE 250 rose 0.5 percent to cling to a six-month high hit in the previous session to cap off a third straight week of gains. Plus500 slumped more than 31 percent on its worst day in almost four years after its quarterly revenue plummeted to below a fifth of a year earlier. It took a hit from less market volatility creating fewer trading opportunities and new rules affecting retail clients.
April 12 (Reuters) - HSBC: * RESULT OF AGM * LORD EVANS OF WEARDALE RETIRED FROM BOARD AT CONCLUSION OF AGM * 97.36 PERCENT VOTES CAST AT AGM IN FAVOUR OF DIRECTORS' PAY REPORT * JACKSON TAI HAS BEEN APPOINTED ...
HSBC has so far moved only a "tiny" number of jobs to Paris in order to deal with Brexit, Chief Executive John Flint said on Friday, in the bank's most detailed comments yet on its plans. The total number of jobs moved is likely fewer than 100 of as many as 1,000 the bank has said it could ultimately transfer, Flint told Reuters on the sidelines of the bank's annual shareholders' meeting in Birmingham. "I would imagine it's tens, I don't know exactly but it's a tiny number of people who have moved so far," Flint said.
April 12 (Reuters) - 0005.HK: * HSBC CEO JOHN FLINT SAYS BANK HAS ONLY MADE 'TINY' NUMBER OF BREXIT-RELATED JOB MOVES TO PARIS SO FAR * HSBC CFO EWEN STEVENSON SAYS RECENT UNCERTAINTY OVER BREXIT MEANS ...
In an era when bankers are often seen as cynics brazenly pursuing the main chance, Martin Blaiklock represented an older, more gentlemanly breed of financier. Charged with running the bank’s power and utilities practice, he was presented with a controversial $800m scheme to complete a half-finished nuclear plant at Mochovce in Slovakia.
HSBC Holdings PLC: * HSBC SHAREHOLDERS VOTE AGAINST RESOLUTION CALLING FOR END TO PENSION 'CLAWBACKS' Source text for Eikon: Further company coverage:
April 12 (Reuters) - 0005.HK: * GLOBAL TRADE REMAINS SUBJECT TO POLITICAL PRESSURE & DIFFERENCES BETWEEN CHINA AND US, LIKELY TO CONTINUE TO INFORM SENTIMENT THROUGH 2019 Source text for Eikon: Further ...
China’s more upbeat sales abroad are a tentative sign of resilience in the global economy amid further signs of trade tensions, though the data would have been heavily influenced by seasonal and price factors. The continued slump in imports though suggests a bumpy road ahead for the domestic economy as it seeks a rebound from a bruising few quarters. “We still expect the first quarter marks the low point with more stimulus to filter through,” said Patrick Bennett, head of macro strategy for Asia at Canadian Imperial Bank of Commerce in Hong Kong.
(Bloomberg) -- The bonds issued by Saudi Aramco in this week’s unprecedented offering sank for a second day, marking a quick sell-off that calls into question the depth of the deal’s $100 billion of investor orders.
A Turkish court on Thursday acquitted HSBC Turkey chief executive Selim Kervanci of a charge of insulting President Tayyip Erdogan by retweeting a video on social media at the time of nationwide protests in 2013. Insulting the president is a crime punishable by up to four years in prison in Turkey and thousands of such cases have been opened since Erdogan became president in 2014. The latest case was launched after a complaint by a private citizen.
What Moved the Stock Market on April 10?(Continued from Prior Part)Lyft versus UberOn Wednesday, the stock of American cab hailing company Lyft (LYFT) fell by nearly 8%. These losses came after Reuters reported that Lyft’s rival Uber Technologies