Investors' Room :: HSBC - 2006 - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

dai oldenrich - 03 Oct 2006 01:51

Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBCs international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Companby has listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

Chart.aspx?Provider=EODIntra&Code=hsba&S
Red = 25 day moving average. Green = 200 day moving average.

dai oldenrich - 03 Oct 2006 01:51 - 2 of 327

huxley - 08 Dec 2006 19:12 - 3 of 327

quiet here considering the moster fall and divergence from other banking stocks over the year...

decided to go bottom fishing as it touches lows set up at end of May.

HSBA down ~2% on year
LLOY up ~14%
BARC up ~19.5%
HBOS up 8.4%
RBS up 12.5%
clearing resistance at 950 before end of year would be nice....

hlyeo98 - 08 Dec 2006 19:35 - 4 of 327

Down with HSBC! I am not surprised its shares are reaching its low and maybe lower. I am currently a customer with them but am shifting my money out of this stinking bank. I was coaxed by them to open a high interest account and also arrange a transfer of a fixed sum from my saving account into the current a/c and thence into the high interest account. Signed all documents. I also made sure that I wouldn't go into overdraft. But to my surprise this was not arranged. And HSBC charged me for going into overdraft for 2 months. They still have not refund despite informing them.

Last year, I was suddenly charged administration fee of 19.99 per month for having a premier account without given any prior notice. This again was not refunded. The staffs were quite rude too.

I have already opened a HBOS account and I find the staffs are friendlier there and better still a higher interest rate.

STAY AWAY FROM HSBC.

happy - 26 Feb 2007 09:39 - 5 of 327

Saga 'Share of the Week': HSBC

The dictionary defines contrarian as an investor who goes against the current consensus. This week, we could add HSBC investor to that description, after the bank issued its first-ever profits warning last week. Earnings forecasts have been cut and the shares are down. But, in true contrarian style, we think now is an excellent time to acquire HSBC. Heres why.

Last weeks profits warning centred on HSBCs 2003 acquisition, Household, a US loan provider. The bank stated that Households bad debts are likely to rise by around 20 per cent this year to $10.6 billion, as sub-prime less creditworthy borrowers default on their mortgages. One reason is interest-rate rises in the US; another is that HSBCs loan models appear to have underestimated the risk associated with some borrowers.

Markets and analysts have reacted strongly to the news. Yet we think investors are being too pessimistic. The mortgages affected are just one part of Households business, and we dont think the problems will spread to other areas of the loan book. Even though consensus earnings have been cut, Household still expects net profits of $2 billion in 2007. Yet at the current share price, Household is effectively valued at close to zero. This is unfair.

And there is nothing wrong with HSBCs fundamentals it has excellent cash flow, surplus liquidity and good strategic direction. We are keen on British large-cap stocks generally, and particularly like the banking sectors defensive qualities. The economic outlook has improved in the US, which should mean unemployment stays low. That will help Household too.

Even so, HSBC may not bounce back instantly, but we think contrarian investors should find this a very good time to buy. Our fair value estimate is 1100p, 18% higher than the current share price of 915p. HSBC could provide an excellent reward for investors who are prepared to swim against the tide.

Last Updated: 19 February 2007

Falcothou - 26 Feb 2007 19:54 - 6 of 327

Beware catching a falling knife wait until it hits its target wobbles and then pitch in, according to Peter Lynch anyway

Guscavalier - 16 Mar 2007 13:13 - 7 of 327

I belatedly agree . The adverse US sub prime market needs to play out further . I think we shall see more bad news in this market that may prove to be a drag on the share price. These type of events have a tendency to get worse and spread further afield. However, HSBC is a battleship of a company and I would be happy to take a contrarian view and purchase the shares a lower levels.

Guscavalier - 27 Nov 2007 13:15 - 8 of 327

sp 787p following hsbc's decision to incorporate 2 SIVs into its balance sheet. Sub prime outlook continue to worsen and credit squeeze showing no signs of let up. However, Company better placed than many to cope and weak conditions may well present Company with some cheap opportunities. The week US$ has a depressing effect on the quarterly dividend when converted to Sterling which Company may take into account on future paments. However, still waiting patiently for now to buy.

ahoj - 19 Mar 2008 08:28 - 9 of 327

turnover to rise substantially this year. Gworth in Asia and will fuel higher growth and keep US out of the wood.

Higher prices for commodities mean higher turnover and more valuable assets. credit crunch is not going to happen.

Good cleanup.

cynic - 14 Oct 2008 07:48 - 10 of 327

of course HSBC is the one major bank that is definitely NOT looking for a bailout ...... say no more, say no more!

Chart.aspx?Provider=EODIntra&Code=HSBA&S

halifax - 14 Oct 2008 11:14 - 11 of 327

Doesn't mean HSBC won't have its share of bad debts as the worldwide recession takes hold, better to steer clear of all banks till the "dust" of the credit crunch has finally settled.

cynic - 14 Oct 2008 11:31 - 12 of 327

got in this morning and now banked a nice little profit, so no complaints from either this quarter or the bank manager

fahel - 24 Oct 2008 09:12 - 13 of 327

more than 10% down why, any bad news?.

fahel - 24 Oct 2008 15:02 - 14 of 327

more than 15% down in the same day, with no news why. other banks are down but in much less %.

dealerdear - 24 Oct 2008 15:10 - 15 of 327

I can only assume it is a hedge fund forced selling.

I don't believe HSBC is in trouble

cynic - 24 Oct 2008 15:15 - 16 of 327

it's to do with fears of the impact of recession etc in emerging nations and F/E where HSBC has large exposure

fahel - 24 Oct 2008 15:18 - 17 of 327

I guess so, thanks anyway for your input

halifax - 24 Oct 2008 16:41 - 18 of 327

Why should HSBC be any different to other banks following the credit crunch and don't forget their massive exposure to property lending in the far east especially in Hongkong.

cynic - 24 Oct 2008 17:03 - 19 of 327

because they were seemingly that much more prudent than many others ..... and that is propobly indeed the case, even if they are not immune

halifax - 24 Oct 2008 17:10 - 20 of 327

They weren't very prudent in the US when they were the first to buy a sub prime mortgage bank for us$billions.

fahel - 28 Oct 2008 15:18 - 21 of 327

So the far east property is the case, the share price is going down so much, any idea for how much will go down?. thanks.

hlyeo98 - 31 Oct 2008 11:35 - 22 of 327

HSBC falls after Goldman cuts to 'sell'

----------------------------------------------------------

Shares in HSBC fall 4.8 percent, making them among the top losers on the FTSE 100, after Goldman Sachs downgrades Europe's biggest bank to 'sell' from 'neutral' and slashes its price target to 650 pence from 950 pence.

The broker says in a report on Euoropean banks that recent actions by policymakers across the globe has eroded the outperformance of HSBC, which has relatively strong liquidity and capital position.

'Our fundamental view on the sector is that the focus will move from liquidity concerns to on balance sheet lenders as the credit cycle deteriorates, which is where our key concern exists for HSBC. If the market continues to focus on franchise strength and ignores underlying earnings trends, then HSBC is likely to continue to outperform,' Goldman says.

mitzy - 31 Oct 2008 11:59 - 23 of 327

Trust GS to put the boot in..

Falcothou - 31 Oct 2008 17:00 - 24 of 327

Not before they added a significant short position no doubt

robertalexander - 20 Jan 2009 14:58 - 25 of 327

anyone think HSBC in trouble? the dropping SP would appear to be in 'sympathy' with the other banks but not quite to the same extent. I am still holding.
Alex

halifax - 20 Jan 2009 15:32 - 26 of 327

We would be very cautious HSBC has still big exposure to sub prime in the US business in China/Hongkong is crashing as are property values, the question is have they come clean on their need to make more massive provisions for bad debts? As we have seen with Citigroup the bigger you "were" the harder you fall.

fahel - 20 Jan 2009 15:33 - 27 of 327

It seems not, but never know, 2ed March 09 will give a clearer pic the sp might drop little more

halifax - 20 Jan 2009 15:38 - 28 of 327

next stop 3.

maestro - 21 Jan 2009 16:43 - 29 of 327

added today... 600p soon

fahel - 02 Mar 2009 09:45 - 30 of 327

???????????!!!!!!!!!!!!!!!

justyi - 02 Mar 2009 11:32 - 31 of 327

Halifax, you are right, HSBC is going cap in hand now. Funds are in jeopardy.

300p or below on the cards now within the next few days.

halifax - 02 Mar 2009 12:30 - 32 of 327

justyl all depends on tomorrows reaction in Hongkong certainly results are very disappointing and with the rebasing of next years dividend the initial market reaction is likely to be negative.We calculate an ex rights sp around 350p but with further negative reaction to come sp may even fall to the rights price of 254p.

XSTEFFX - 02 Mar 2009 12:31 - 33 of 327

DOWN 97p to 394p ONLY?

XSTEFFX - 02 Mar 2009 12:32 - 34 of 327

NO DOWN 100p to 391p

fahel - 02 Mar 2009 12:36 - 35 of 327

that would be very bad, I hope not..

justyi - 02 Mar 2009 12:47 - 36 of 327

China is falling down soon and HSBC is just starting to feel the pinch...

HSBC confirms rights issue, cuts divi - MoneyAM

HSBC today confirmed it is seeking to raise 12.5bn from shareholders through a rights issue. The banking giant said the money raised would assist it in dealing with the impact of the present uncertain economic environment.

HSBC also reported pretax profit for 2008, excluding goodwill impairment, of $19.9bn, down 18%. On a reported basis, pretax profit was $9.3bn, down 62%.

Earnings per ordinary share excluding goodwill impairment were down 18% to $1.36 (2007: $1.65). On a reported basis, earnings per share was $0.47, down 72% (2007: $1.65).

The banker said it would be writing no further consumer finance business in the US through the HFC and Beneficial brands and it would be closing the majority of the network.

HSBC said capital generation remains strong., with a Tier 1 ratio of 8.3% and total capital ratio of 11.4% at 31st December 2008.

The fully underwritten Rights Issue announced would enhance capital strength.

Subject to shareholder approval on 19th March 2009, the Rights Issue will add 150 basis points to capital ratios, strengthening the core equity tier 1 ratio to 8.5% and the tier 1 ratio to 9.8%, both on a pro forma basis as at 31st December 2008.

Total dividends in respect of 2008 were $0.64 including fourth interim dividend of $0.10, down 29%, around 15% in sterling terms. Total value of dividends for 2008 of $7.7bn.

Loan impairment charges and other credit risk provisions were $24.937bn in 2008, $7.695bn higher than 2007.

The group's total assets at 31st December 2008 were $2,527bn, an increase of $173bn, or 7%, since 31st December 2007.

Stephen Green, Group Chairman, said: '2008 was the most extraordinary year for the global economy and financial services in well over half a century. It marked the first crisis of the era of globalised securitisation. And it also marked the first crisis of the just-in-time global economy as the impact of the financial crisis fed rapidly straight into the performance of the real economy.

'We at HSBC were not immune from the crisis. But we have built our business on very strong foundations and are able to report results which demonstrate our ability to withstand the storm.'

fahel - 06 Mar 2009 11:00 - 37 of 327

Still going down

fahel - 06 Mar 2009 11:06 - 38 of 327

Any idea what is the next support point

baggot6F - 06 Mar 2009 14:10 - 39 of 327

rights price 254p!?.

fahel - 09 Mar 2009 09:16 - 40 of 327

I think you are right with the 254p or maybe lower.

halifax - 20 Mar 2009 16:46 - 41 of 327

massive drop today (18%) where next? Has the market sussed them out?

maestro - 21 Mar 2009 07:18 - 42 of 327

maybe a tree shake...took a punt at 357p

oblomov - 21 Mar 2009 12:02 - 43 of 327

Isn't the SP likely to settle at around the 2.54 rights issue price?

oblomov - 21 Mar 2009 12:02 - 44 of 327

I'm a shareholder, BTW!

ahoj - 25 Mar 2009 14:42 - 45 of 327

Who is ETON PARK INTERNATIONAL LLP?
They have shorted HSBC in September and still adding?

ahoj - 27 Mar 2009 13:10 - 46 of 327

dividend? good

fahel - 27 Mar 2009 13:21 - 47 of 327

better than nothing

pumben - 04 Apr 2009 12:00 - 48 of 327

Any views on the direction of the SP from this point ?

zulu1 - 05 Apr 2009 18:29 - 49 of 327

Will build on floor at which the rump is placed early on Monday morning.

fahel - 07 May 2009 13:13 - 50 of 327

Back to the track

fahel - 03 Aug 2009 09:50 - 51 of 327

wow,,,sp is up for the last week ,,nice,, hope it continues.

fahel - 16 Sep 2009 14:12 - 52 of 327

wow nice 701.00

fahel - 21 Sep 2009 08:24 - 53 of 327

HSBC sues accused Democratic fund-raiser in New York

http://www.reuters.com/article/marketsNews/idCNN1827221920090918?rpc=44

* Fund-raiser for Obama and Clinton
* Bank says it was deceived into lending him $100 million

NEW YORK, Sept 18 (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc (C.N) is being sued by HSBC (HSBA.L) for deceiving it into lending him $100 million.

The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.

Nemazee, who sits on the board of the Iranian American Political Action Committee, typically donates more than $100,000 annually to Democratic political candidates.

He is listed as one of the top "bundlers" of contributions to Obama's 2008 presidential campaign, according to OpenSecrets,org, a website run by the Center for Responsive Politics research group.

Nemazee was charged on Aug. 25 of one count of bank fraud for seeking a $74 million loan from Citigroup's banking unit under false pretenses.

He was arrested at Newark Liberty International Airport in New Jersey on Aug. 23 as he was checking in for a flight to Italy, according to court papers.

U.S. prosecutors accused him on Sept. 2 of defrauding other banks. In a letter to a magistrate judge in Manhattan federal court, prosecutors said he repaid the Citibank loan by defrauding another bank, but did not identify it.

The bank was HSBC, according to the civil lawsuit. The bank sued Nemazee for breach of contract and fraud. Nemazee's lawyers could not immediately be reached for comment.

The HSBC lawsuit, dated Sept. 2, said that "to accomplish the fraud, Nemazee represented to HSBC that he had $89 million in Treasury Notes, with a current market value of more than $125 million, in a specified brokerage firm account; submitted a supposed agreement from the brokerage firm with forged signatures, false addresses, and false telephone numbers; used a mail drop; and submitted fabricated brokerage statements."

HSBC said that on Aug. 24, "Nemazee drew $75 million from HSBC on his fraudulently obtained credit facility, and used the funds to pay off his Citibank loan."

In court papers, lawyers said the government had frozen two of Nemazee's accounts at JPMorgan Chase & Co (JPM.N).

They said JPMorgan Chase froze his securities account at Brean Murray, Carret & Co and Bank of America Corp (BAC.N) froze his funds and those of his children.

If convicted, Nemazee faces up to 30 years in prison and a fine that could reach $1 million or more on the one criminal charge.

The cases are HSBC Bank USA NA v Hassan Nemazee 602735/2009 in New York State Supreme Court in Manhattan and U.S. v. Nemazee, 09-mj-1927 in U.S. District Court for the Southern District of New York (Manhattan). (Editing by Ted Kerr).

skinny - 10 Nov 2009 08:19 - 54 of 327

Interim Management Statement

HSBC INTERIM MANAGEMENT STATEMENT

Profitability for the first nine months of 2009 was stronger than our expectations at the start of the year, as positive trends experienced in the first half continued into the third quarter. As a result, year to date pre-tax profit was ahead of the comparable period in 2008 on an underlying basis, excluding movements in fair value on our own debt related to credit spreads. On the same basis, pre-tax profit for the third quarter of 2009 ('Q3 2009') was significantly ahead of Q3 2008. On a reported basis, HSBC's performance in Q3 2009 was lower than in Q3 2008, largely due to fair value movements on our own debt caused by tightening credit spreads.

Building on its exceptional first-half results, Global Banking and Markets maintained its record performance for the year to date. In the US consumer finance run-off portfolio, loan impairment allowances declined in the quarter, representing the first quarterly fall since the start of 2006. In emerging markets, revenues in Personal Financial Services and Commercial Banking held up well and, with the exception of the Middle East, loan impairment charges were notably lower than in the preceding quarter as economic conditions improved. Tight cost control also ensured that total costs for the year to date compared favourably with 2008.

The Group's tier 1 ratio increased to 10.3 per cent, and the core equity tier 1 capital ratio strengthened to 9.0 per cent. HSBC maintained its strong liquidity position, with its published advances-to-deposits ratio remaining under 80 per cent. On 2 November, the Board declared a third interim dividend of US$0.08 per ordinary share, with a value of approximately US$1.4 billion, bringing total dividends in respect of the first nine months to US$4.2 billion. Capital generation comfortably exceeded dividends in each quarter.

ahoj - 10 Nov 2009 08:37 - 55 of 327

+9p

skinny - 10 Nov 2009 08:44 - 56 of 327

+22 - just closed a long HSBA and short BARC :-)

fahel - 10 Nov 2009 12:08 - 57 of 327

4.5% ...by march2010 hope to reach 8.25

ahoj - 04 Jan 2010 15:38 - 58 of 327

Daubai started investing again.
Should have no problem paying debt, IMO, just playing with the bear.

foxnil - 24 Feb 2010 11:04 - 59 of 327

2 Banks to Buy, 2 to Sell and 1 to Hold. I bumped into this. Published on Monday

http://uk-analyst.com/shop/page-article/action-article.show/id-130003327

skinny - 01 Mar 2010 08:18 - 60 of 327

FINAL RESULTS

Underlying performance significantly ahead

Underlying pre-tax profit up US$4.7 billion or 56 per cent to US$13.3 billion, after excluding the goodwill impairment in North America in 2008.

On a reported basis, pre-tax profit down 24 per cent to US$7.1 billion.

Reported profit attributable to shareholders up 2 per cent to US$5.8 billion.

Positive jaws, with revenues up 8 per cent, costs down 4 per cent, and cost efficiency ratio 47.5 per cent on an underlying basis, after excluding the goodwill impairment in North America in 2008.

Dividends in respect of 2009 totalled US$5.9 billion, or US$0.34 per ordinary share, with a fourth interim dividend for 2009 declared of US$0.10 per ordinary share.

One of leading dividend payers in financial services. HSBC has declared dividends in respect of last three years totalling more than US$24 billion.

Earnings per share down 17 per cent to US$0.34 (2008: US$0.41).

fahel - 01 Mar 2010 08:27 - 61 of 327

only US$0.10 dividend oh crazy

ahoj - 01 Mar 2010 09:34 - 62 of 327

Dividends in respect of 2009 totalled US$5.9 billion, or US$0.34 per ordinary share, with a fourth interim dividend for 2009 declared of US$0.10 per ordinary share.

fahel - 01 Mar 2010 10:48 - 63 of 327

eventhough it is so bad

ahoj - 01 Mar 2010 17:43 - 64 of 327

Underlying pre-tax profit up US$4.7 billion or 56 per cent to US$13.3 billion, after excluding the goodwill impairment in North America in 2008.

On a reported basis, pre-tax profit down 24 per cent to US$7.1 billion.

Reported profit attributable to shareholders up 2 per cent to US$5.8 billion.

Positive jaws, with revenues up 8 per cent, costs down 4 per cent, and cost efficiency ratio 47.5 per cent on an underlying basis, after excluding the goodwill impairment in North America in 2008.

fahel - 02 Mar 2010 08:54 - 65 of 327

thx Ahoj for the details hopefully HSBC will report better report next quarter and share price break gbp8.00 again.

skinny - 05 Nov 2010 08:18 - 66 of 327

Interim Management Statement.

HSBC Holdings plc (HSBC) will be conducting a trading update conference call with analysts and investors today to coincide with the release of its Interim Management Statement and the third quarter results of its principal operations in the United States ('US'), HSBC Finance Corporation and HSBC Bank USA Inc., whose formal SEC 10-Qs will be available at Investor Relations on www.hsbc.com shortly after 08.15 GMT (in London). The trading update call will take place at 12.00 GMT (in London), and details for participating in the call and live audio webcast can be found at Investor Relations on www.hsbc.com and at the end of this statement.

darreng10000 - 28 Feb 2011 10:48 - 67 of 327

Market outlook: HSBC, Pearson, ITV, GKN

http://www.whatinvestment.co.uk/trading/markets/news/1605403/market-outlook-hsbc-pearson-itv-gkn.thtml

darreng10000 - 28 Feb 2011 11:19 - 68 of 327

Blue Chip Bulletin: HSBC dividend up but targets cut

http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1605433/blue-chip-bulletin-hsbc-dividend-up-but-targets-cut.thtml

skinny - 09 May 2011 09:23 - 69 of 327

Interim management Statement.

skinny - 14 Jul 2011 15:58 - 70 of 327

Sitting @6 - waiting for 5.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 18 Jul 2011 10:08 - 71 of 327

Firmly through 6 this morning.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 01 Aug 2011 10:20 - 72 of 327

Interim Results.

Attributable profit up 16% to HK$8,057m (HK$6,964m for the first half of 2010; up 1% compared with HK$7,953m for the second half of 2010).

Profit before tax up 15% to HK$9,320m (HK$8,103m for the first half of 2010; up 1% compared with HK$9,242m for the second half of 2010).

Operating profit up 6% to HK$7,129m (HK$6,697m for the first half of 2010; down 4% compared with HK$7,388m for the second half of 2010).

Operating profit excluding loan impairment charges and other credit risk provisions up 6% to HK$7,287m (HK$6,850m for the first half of 2010; down 4% compared with HK$7,625m for the second half of 2010).

Return on average shareholders' funds of 22.7% (22.8% for the first half of 2010; 23.5% for the second half of 2010).

Earnings per share up 16% to HK$4.21 per share (HK$3.64 per share for the first half of 2010).

Second interim dividend of HK$1.10 per share; total dividends of HK$2.20 per share for the first half of 2011 (HK$2.20 per share for the first half of 2010).

Capital adequacy ratio of 13.8% (13.6% at 31 December 2010); core capital ratio of 11.0% (10.8% at 31 December 2010).

Cost efficiency ratio of 34.6% (33.8% for the first half of 2010 and 33.6% for the second half of 2010).

skinny - 09 Aug 2011 10:09 - 73 of 327

Well I got my 5 - but didn't bite!

kimoldfield - 09 Aug 2011 10:14 - 74 of 327

That may prove to be a very wise decision skinny (or not)! ;o)

skinny - 09 Aug 2011 13:10 - 75 of 327

Bugger!

skinny - 19 Aug 2011 11:11 - 76 of 327

Below a fiver - yes or no?

skinny - 19 Aug 2011 16:24 - 77 of 327

And bugger again!

dreamcatcher - 11 Nov 2011 21:12 - 78 of 327

No excuse at all' for owning HSBC shares

Jonathan Sibun, 20:46, Friday 11 November 2011

Investors have "no excuse" for owning the shares of HSBC (LSE: HSBA.L - news) and would be better off owning no bank shares at all, according to a leading City analyst.

Ian Gordon of Evolution Securities took a punchy line in a note on HSBC sent to the broker's client yesterday as he recommended they sell any holdings in Britain's largest bank by market capitalisation.

"Never mind the so-called safe haven arguments. There is absolutely no excuse for owning the shares at all," said Mr Gordon.

He argued the bank was unlikely to meet its low-end 2013 return on equity target of 12pc and would also most likely miss a cost efficiency target too.

"The upside risk is relative underperformance, while the downside risk is absolute decline. So why own HSBC when you can just own no banks at all?" said Mr Gordon.

HSBC on Wednesday reported a year-on-year doubling in third quarter profits to $7.2bn (4.5bn). However, once a $4bn accounting gain booked on the bank's own debt was stripped out underlying profits for the three months to the end of September were actually $3bn, down $1.6bn compared to the same period in 2010.

The bank is currently in the process of cutting 30,000 jobs as it attempts to reduce costs. This week the bank began making redundant several hundred staff in its investment banking arm.

Shares in the bank closed up 1.3pc at 503.3p, valuing the bank at 89.9bn

skinny - 27 Feb 2012 08:19 - 79 of 327

HK&Shanghai Banking Corp FY2011 Results

· Net operating income before loan impairment charges and other credit risk provisions up 12% to HK$147,170m (HK$131,566m in 2010).

· Pre-tax profit up 17% to HK$91,370m (HK$77,885m in 2010).

· Attributable profit up 17% to HK$67,591m (HK$57,597m in 2010).

· Return on average shareholders' equity of 21.6% (21.1% in 2010).

· Assets up 11% to HK$5,607bn (HK$5,040bn at 31 December 2010).

· Capital adequacy ratio of 14.6%; core capital ratio of 12.4%. (Capital adequacy ratio of 14.7%; core capital ratio of 11.7% at 31 December 2010).

· Cost efficiency ratio of 46.1% (45.8% for 2010).

HSBC Bank Canada 2011 Results

FOURTH QUARTER 2011 RESULTSW

· Profit attributable to common shareholders was C$118m for the quarter ended 31 December 2011, an increase of 22.9% over the same period in 2010.

· Profit attributable to common shareholders was C$633m for the year ended 31 December 2011, an increase of 19.2% over the same period in 2010.

· Return on average common equity was 11.8% for the quarter ended 31 December 2011 and 17.0% for the year ended 31 December 2011 compared with 10.8% and 15.5% respectively for the same periods in 2010.

· The cost efficiency ratio was 58.4% for the quarter ended 31 December 2011 and 54.0% for the year ended 31 December 2011 compared with 56.7% and 52.5% respectively for the same periods in 2010.

· Total assets were C$80.0bn at 31 December 2011 compared with C$78.0bn at 31 December 2010.

· Total assets under administration decreased to C$27.4bn at 31 December 2011 from C$32.8bn at 31 December 2010.

· Tier 1 capital ratio of 13.4% and a total capital ratio of 16.0% at 31 December 2011 compared to 13.3% and 16.0% respectively at 31 December 2010.WW

W Results are based on the unaudited financial statements for the period, prepared in accordance with International Financial Reporting Standards ('IFRS'), which the bank adopted on 1 January 2011. All comparative figures, which were previously reported under Canadian generally accepted accounting principles, have been restated to conform with IFRS. For full details of the bank's adoption of IFRS, reference should be made to the bank's audited consolidated financial statements for 2011 which will be published in March 2012. Reference may also be made to the First Quarter 2011 Interim Report issued in May 2011.

The abbreviations 'C$m' and 'C$bn' represent millions and billions of Canadian dollars, respectively.

WW Calculated using guidelines issued by the Office of the Superintendent of Financial Institutions ('OSFI') in accordance with Basel II capital adequacy framework. Risk-weighted assets and ratios at 31 December 2010 have not been restated for the impact of the adoption of IFRS on 1 January 2011.

skinny - 27 Feb 2012 14:54 - 80 of 327

Just bought in here @547.78

HARRYCAT - 27 Feb 2012 15:54 - 81 of 327

Yes, maybe worth it. Bizarre reaction by the market to good results. Also ex-divi 14th March.

skinny - 27 Feb 2012 15:58 - 82 of 327

That's my take Harry - I've bought mainly for the dividend as I had a few quid looking for a home!

HARRYCAT - 28 Feb 2012 09:12 - 83 of 327

Bought at 550p, in favour of HL. Not enough spare cash to buy both atm. Will now hold for the divi. Just hope the BARC attempted tax avoidance doesn't drag the sector down.

HARRYCAT - 28 Feb 2012 09:57 - 84 of 327

Nomura summary note:
We regard HSBC’s results as supportive of our investment case. Full year results are broadly in line with our expectations. HSBC reported group PBT of USD 21.9bn, compares with our estimate of USD 22.4bn, similar to the consensus expectation. We see the results as a positive read-across for STAN. Although there is downgrade risk in the sector generally, we see less risk at HSBC and STAN and reiterate our Buy rating on the back of these results.
The outlook statement is more optimistic than usual for HSBC and indicates an expectation of improving the RoE in 2012 and of continued strong growth in Asia, Latin America and the Middle East, although at a slower pace than last year, with a soft landing in China.

ahoj - 28 Feb 2012 10:07 - 85 of 327

Assets were moved from EU and US to Asia. Given the potential for growth and pupolation rise in Asia, the asset prices has gown very fast over there. So the money is moving back to EU and US a couple of times more than what it was originally. You can see house price rise in many cities in the West, New York, LA, London, Stockholm, etc

Just check the profit of companies invested in Asia's infrastructure, you see the growth, like HSBC..

The start of recovery in the US and many EU countries combined with wealth growth will result in smooth recovery over here. The big and respected banks will benefit dramatically.

What do you think?

skinny - 28 Feb 2012 10:10 - 86 of 327

Yes - HSBA(c) and STAN should be the real winners over the short to medium term.

HARRYCAT - 28 Feb 2012 10:19 - 87 of 327

I don't know enough about how the business is split. I believe that the UK part (ex Midland bank) is about 18% of total turnover, so the rest is presumably Far east/Pacific Basin facing? That's where the growth seems to be for the foreseeable future, so this would sem to be more attractive than the UK/Europe facing banks.
HSBA has a Beta of 1.1, a forecast yield of 4.9% for 2012 and 5.6% for 2013, with an EPS of approx 9%. That seems to be a pretty safe bet, but you never know with the banks!

skinny - 28 Feb 2012 13:16 - 88 of 327

Harry - interestingly HL have HBSA lunch time ratio at 9.3% sell v 90.7% buys.

skinny - 29 Feb 2012 09:21 - 89 of 327

GRUPO FINANCIERO HSBC, S.A. DE C.V.
2011 FINANCIAL RESULTS - HIGHLIGHTS

· Net income before taxes for the year ended 31 December 2011 was MXN3,214m, an increase of MXN856m or 36.3% compared with MXN2,358m for 2010. The 2011 results were affected by restructuring of our regional and country support functions. Excluding the effect of these charges, net income before taxes was MXN4,723m, up by MXN2,297m or 94.7% compared with 2010.

· Net income for the year ended 31 December 2011 was MXN2,510m, an increase of MXN391m or 18.5% compared with MXN2,119m for 2010. Excluding the effect of the restructuring charges, net income was MXN3,566m, up MXN1,400m or 64.6% compared with 2010.

· Total operating income, net of loan impairment charges, for the year ended 31 December 2011 was MXN28,813m, an increase of MXN3,361m or 13.2% compared with MXN25,452m for 2010.

· Loan impairment charges for the year ended 31 December 2011 were MXN6,737m, a decrease of MXN2,547m or 27.4% compared with MXN9,284m for 2010.

· Net loans and advances to customers were MXN176.7bn at 31 December 2011, an increase of MXN14.6bn or 9.0% compared with MXN162.1bn at 31 December 2010. Total impaired loans as a percentage of gross loans and advances improved to 2.7% compared with 3.1% at 31 December 2010. The coverage ratio (allowance for loan losses divided by impaired loans) was 214.5% compared with 174.0% at 31 December 2010.

· At 31 December 2011, deposits were MXN297.4bn, an increase of MXN44.2bn or 17.5% compared with MXN253.2bn at 31 December 2010.

· Return on equity was 5.2% for the year ended 31 December 2011 compared with 4.4% for 2010.

· At 31 December 2011, the bank's capital adequacy ratio was 15.3% and the tier 1 capital ratio was 11.7% compared with 14.5% and 11.2% respectively at 31 December 2010.

· From the first quarter of 2011, regulatory requirements issued by the Comisión Nacional Bancaria y de Valores (CNBV) require financial figures for both the insurance and bond companies, HSBC Seguros and Fianzas Mexico respectively, to be presented on a consolidated basis. As a result, 2010 annual results have been re-stated to be comparable with the same period of 2011.

· The sale of HSBC Afore, S.A. de C.V. to Principal Financial Group, S.A. de C.V. was successfully completed in August 2011.

HARRYCAT - 08 Mar 2012 10:03 - 90 of 327

Not sure I made the correct decision here. Was hoping for a pre-divi push to allow for the fall post divi. Looks like we have already started the down trend.

HARRYCAT - 13 Mar 2012 10:37 - 91 of 327

Back into profit again, though not major money (+18p). Ex divi tomorrow which may wipe out my profit! Decisions, decisions..............

ahoj - 13 Mar 2012 10:45 - 92 of 327

how much is divi?

skinny - 13 Mar 2012 10:47 - 93 of 327

Corrected on edit.

14¢ payable May 2nd.

ahoj - 13 Mar 2012 10:55 - 94 of 327

they pay tomorrow if you hold in CFD account.

Stan - 13 Mar 2012 15:50 - 95 of 327

Back into profit again, though not major money (+18p). Ex divi tomorrow which may wipe out my profit! Decisions, decisions.............."

Worth remembering that it's never wrong to take a profit as you know Harry never mind what size it is, also market usually drops post ex.divi as you say... and the footsie has had a good up day today. On top of that you can always go back in on the dip... So what did you decide?

HARRYCAT - 13 Mar 2012 17:14 - 96 of 327

I decided to hold for the divi, based on the logic (possibly flawed) that I will get the divi and maybe a small profit if there is a bounce from the ex-divi correction. If I took the profit today, I would only get that & not the divi. Thus, I can profit twice now rather than once!

Stan - 13 Mar 2012 18:03 - 97 of 327

Be it upon your own head then

skinny - 14 Mar 2012 08:22 - 98 of 327

Happy Harry ?

HARRYCAT - 14 Mar 2012 08:24 - 99 of 327

Yes! Gonna sell this morning asap. Just to correct earlier post #93, divi is 14¢.

skinny - 14 Mar 2012 08:26 - 100 of 327

Yes - sorry - I'll correct it retrospectively.

HARRYCAT - 14 Mar 2012 08:28 - 101 of 327

Sold @ £5.763 though don't quite understand why the sp wasn't marked down at the open by the divi %age. No complaints!

skinny - 14 Mar 2012 08:30 - 102 of 327

And for that reason - I'm holding for now.

HARRYCAT - 14 Mar 2012 08:31 - 103 of 327

Yes, did consider that, but prefer to move to another stock for the divi, so now divi hunting.

skinny - 14 Mar 2012 08:33 - 104 of 327

I have AV. & SL. (both next week) & RSA on the 28th.

skinny - 14 Mar 2012 08:37 - 105 of 327

Also next week CHG (10.80p) if you fancy some upside.

HARRYCAT - 14 Mar 2012 08:40 - 106 of 327

Yep, CHG looking better than AV. imo for potential upside + divi.

skinny - 14 Mar 2012 09:13 - 107 of 327

Nomura retains it's Buy TP 650.00

goldfinger - 14 Mar 2012 09:34 - 108 of 327

HSBC HSBA

CHART OF THE DAY

Investors Inteligence..........

Chart of the day: HSBC breaks short-term downtrend....
HSBC is gathering impetus for an upside breakout (see right). Yesterday saw the banking heavyweight gap up from 560p. This brushed aside the possibility of downtrend renewal, and, reaffirmed the 200-day moving average as support (see right).

With the US banking sector charging to the upside, HSBC may benefit from this sentiment. Furthermore, HSBC's relative strength is improving.

Overall, we would accumulate the stock to bet on further rallies. The target is at 600p; stoploss at 545p.

">

skinny - 14 Mar 2012 09:38 - 109 of 327

Certainly £6 looks achievable short term - everything else being equal :-)

Chart.aspx?Provider=EODIntra&Code=HSBA&S

goldfinger - 14 Mar 2012 10:06 - 110 of 327

Think thats a bit skinny of them skinny. I got 620p 1st up pencilled in.

Think it may be underperforming today due to divi.

skinny - 14 Mar 2012 10:12 - 111 of 327

As I've posted above, I'm going to hold for a while longer (bought @547.78 on 27th Feb) - I'm guessing that the best performers (sector wise) will be these and STAN.

Stan - 14 Mar 2012 10:49 - 112 of 327

Did someone call? -): Well done you two, divi and capital gain, excellent play!

HARRYCAT - 14 Mar 2012 11:04 - 113 of 327

Had to go out, so couldn't watch my screen. Happy with the result, but could have done better!
If only gf had posted his TA earlier! ;o)

goldfinger - 14 Mar 2012 11:17 - 114 of 327

Sorry Harry.

goldfinger - 14 Mar 2012 11:17 - 115 of 327

HSBC HSBA

Brokers by and large rather positive
here on the stock.

Undermanding P/E of just over 8 to 2013

Very Cheap...

NAV per share interesting.

HSBC Holdings PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Seymour Pierce
13-03-12 HOLD
WestLB
13-03-12 ADD 27.72 30.25
SG Securities
13-03-12 BUY 50.59 29.01 73.68 32.16
Exane BNP Paribas
13-03-12 BUY 11,505.11 56.40 26.94 13,227.65 62.66 29.45
Daniel Stewart
12-03-12 UREV
Charles Stanley
09-03-12 HOLD
Shore Capital [R]
02-03-12 HOLD 13,693.64 55.09 27.86 15,783.31 63.96 30.40
Investec Securities
07-12-11 BUY 80.42 77.31
Nomura Research Institute
07-12-11 BUY
The Royal Bank of Scotland NV
28-11-11 HOLD 15,231.96 58.36 24.68
Keefe Bruyette & Woods Ltd [R]
20-06-11 MPER 14,264.06 66.10 32.00 16,930.07 78.60 36.80

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 12,915.67 57.15 27.54 14,249.91 68.34 30.71

1 Month Change -643.72 -3.17 0.50 -8.29 -0.13 0.92
3 Month Change -914.96 -3.72 0.75 -469.51 -0.06 1.30

GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 38.18% -4.31% 19.58%
DPS 15.15% 9.75% 11.50%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

Dividend Yield 4.38% 4.81% 5.36%
Dividend Cover 2.38x 2.08x 2.22x
PER 9.58x 10.02x 8.38x
PEG 0.25f -2.32f 0.43f
Net Asset Value PS 453.36p 553.51p 590.90p

goldfinger - 14 Mar 2012 13:35 - 116 of 327

Broker upgrade just out......

HSBC Holdings FTSE 100 Financial Buy 650 576.8 12.7% Nomura

Target SP 650p 12.7% upside

HARRYCAT - 15 Mar 2012 15:14 - 117 of 327

StockMarketWire.com
HSBC subsidiary Hongkong and Shanghai Banking Corporation has entered into a subscription agreement to subscribe for new H-shares of Bank of Communications Co to be be issued as part of a private placement. HSBC has agreed to subscribe for 2,355,939,435 H-shares at HK$5.63 per share.

The total consideration of HK$13,264m will be funded in cash from internal HSBC Group resources.

Following the subscription, HSBC's shareholding in BoCom will be no less than its current 19.03% shareholding.

HSBC made its first investment in BoCom, China's fifth largest bank by total assets, in August 2004.

ahoj - 15 Mar 2012 16:22 - 118 of 327

650 coming, IMO

HARRYCAT - 15 Mar 2012 16:32 - 119 of 327

550 coming, imo.

ahoj - 16 Mar 2012 10:33 - 120 of 327

Moving a bit higher to 580- long way to go yet. Happy to accept likelihood of 90p gain against 30p loss.

skinny - 21 Mar 2012 09:25 - 121 of 327

Morgan Stanley retains it's Overweight TP 620p

UBS retains it's neutral TP 600p

HARRYCAT - 21 Mar 2012 09:33 - 122 of 327

I see that you like to squeeze the last drop out of these stocks skinny, like myself! Good luck.

goldfinger - 27 Mar 2012 10:50 - 123 of 327

HSBC (hsba)

Broker upgrade....Petropavlovsk PLC

HSBC Holdings
FTSE 100
Financial
Add
629
557.4
12.8%
AlphaValue

Target SP 629p 12.8% Upside.

goldfinger - 30 Mar 2012 12:33 - 124 of 327

HSBA

HSBC Holdings
FTSE 100
Financial
Buy
650
550.4
18.1%
Societe Generale

Target Sp 650p 18.1% upside.

goldfinger - 03 Apr 2012 13:26 - 125 of 327

HSBC Holdiings (hsba)

Broker Note out this morning.....

HSBC Holdings
FTSE 100
Financial
Outperform
710
559.9
26.8%
Sanford C. Bernstein & Co

710p Target SP 26.8% upside

ahoj - 10 Apr 2012 08:55 - 126 of 327

HSBC in talk to sell its Korean retail..

...
According to the HSBC Korea website, HSBC has 11 branches in Korea and total assets of some 30,020 billion Korean won ($26.4 billion) as of June 2011.
....

skinny - 18 Apr 2012 06:37 - 127 of 327

HSBC launching first offshore yuan bond in London

(Reuters) - HSBC is launching its first offshore yuan bond, which will be the first offshore yuan deal to be listed in London, IFR, a Thomson Reuters publication, reported on Wednesday.

skinny - 26 Apr 2012 15:47 - 128 of 327

HSBA Exane BNP Paribas reiterates it's Outperform TP 675.00p

goldfinger - 30 Apr 2012 08:37 - 129 of 327

HSBC Holdings plc (HSBA)Apr 27, 2012 Analyst Comment by Zacks Investment Research

As part of its plan to reduce cost by retrenching 30,000 employees by the end of 2013, HSBC Holdings Plc ( HBC ) has announced job cuts in the UK. The company stated that there would be a reduction of about 3,167 jobs, out of which nearly 950 employees would be redeployed in other departments. This implies an effective job cut for over 2,200 employees. more
As part of its plan to reduce cost by retrenching 30,000 employees by the end of 2013, HSBC Holdings Plc ( HBC ) has announced job cuts in the UK. The company stated that there would be a reduction of about 3,167 jobs, out of which nearly 950 employees would be redeployed in other departments. This implies an effective job cut for over 2,200 employees

http://www.zacks.com/stock/news/73997/hsbc-downsizing-workforce-in-uk

skinny - 02 May 2012 07:07 - 130 of 327

SALE OF CARD AND RETAIL SERVICES BUSINESS TO CAPITAL ONE

On 10 August 2011 HSBC Holdings plc ('HSBC') announced that, through its wholly owned subsidiaries, HSBC Finance Corporation, HSBC USA Inc., HSBC Technology and Services (USA) Inc. ('HTSU') and other wholly owned subsidiaries, it had agreed to sell and transfer certain of the assets and liabilities of its card and retail services business in the United States (the 'Business') to Capital One Financial Corporation.

The transaction, which was subject to various conditions including, among others, the receipt of applicable governmental and regulatory approvals, closed on 1 May 2012.

Under the terms of the transaction, HSBC received a cash consideration of US$31.3bn, including US$2.5bn based on a premium of 8.75% over the gross customer loan balances at 31 March 2012. The consideration and premium are subject to an adjustment based on final closing balances.

In connection with the transaction, HTSU entered into a Purchaser Transition Services Agreement with Capital One Services, LLC ("Capital One Services"), a wholly owned indirect subsidiary of Capital One Financial Corporation, pursuant to which HTSU and its subsidiaries will provide certain services to Capital One Services and its subsidiaries related to the operation of the Business for a period of up to two years. Capital One Services may extend these services for an additional year in certain circumstances.

HSBC Bank USA continues to offer credit cards to its customers. The Business sold excludes HSBC Bank USA's credit card programme of US$1.2bn at 31 March 2012, of which US$0.4 billion is scheduled to be sold to First Niagara Bank, N.A. in the second quarter of 2012.

skinny - 08 May 2012 07:04 - 131 of 327

HSBC BANK USA, N.A. TO TRANSFER RETAIL MORTGAGE PROCESSING AND SERVICING OPERATIONS
***HSBC to continue providing mortgages through its U.S. branch network***
***PHH Mortgage engaged to service HSBC's prime mortgage portfolio***
***Up to 400 HSBC mortgage employees to transfer to PHH Mortgage***

HSBC Bank USA, N.A. ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into a strategic relationship with industry leader PHH Mortgage Corporation ('PHH Mortgage'), a subsidiary of PHH Corporation, to manage HSBC's mortgage processing and servicing operations.

Under the terms of the agreement, PHH Mortgage will provide HSBC with mortgage originations processing services as well as sub-servicing of the bank's prime mortgage loan portfolio and serviced for others portfolio. There is no consideration payable or transfer of assets involved but HSBC will pay fees to PHH Mortgage for the services provided in accordance with the agreement. As at 31 March 2012 the unpaid principal balances of the owned prime mortgage loan portfolio and the serviced for others portfolio were US$15.5bn and US$36.6bn, respectively.

The relationship allows HSBC to leverage PHH Mortgage's mortgage platform capabilities. HSBC will continue to offer mortgages through its branch network, and its in-house loan officer sales force will maintain its focus on originating mortgages for HSBC customers, including Premier clients. Servicing of existing customers1 will not be affected and PHH Mortgage and HSBC are working closely together to ensure seamless service throughout the transition.

The agreement will see approximately 400 HSBC employees given the opportunity to transfer to PHH Mortgage. Further information on the transitional arrangements will be communicated to affected staff and other stakeholders from today.

"I would like to take this opportunity to thank the HSBC mortgage team for the significant contribution they have made over the years," said Irene Dorner, President and CEO, HSBC USA. "This agreement is a continuation of HSBC's strategy to reposition our U.S. business and ensures we manage our mortgage activities most efficiently. We look forward to this new relationship with PHH Mortgage and the outstanding support they will provide."

The transfer of these operations to PHH Mortgage is expected to complete in the first quarter of 2013.

ahoj - 08 May 2012 09:44 - 132 of 327

HSBC to issue trading update

fahel - 08 May 2012 09:47 - 133 of 327

HSBC profit up on strong investment bank, cost cuts
http://www.reuters.com/article/2012/05/08/hsbc-results-idUSWLA763920120508?feedType=RSS&feedName=financialsSector&rpc=43

goldfinger - 09 May 2012 13:18 - 134 of 327

09 May HSBC Holdings PLC HSBA Goldman Sachs Conviction Buy 547.05 800.00 820.00 Retains

800p SP target.

CONVICTION BUY

skinny - 10 May 2012 07:01 - 135 of 327

STATEMENT

HSBC Latin America Holdings (UK) Limited, together with other wholly owned subsidiaries of HSBC Holdings plc, confirms that it is in discussions regarding the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay.

HSBC will make a further announcement if or when appropriate.

skinny - 14 May 2012 07:02 - 136 of 327

HSBC AGREES TO SELL ITS BUSINESSES IN COLOMBIA, PERU, URUGUAY AND PARAGUAY

HSBC Latin America Holdings (UK) Limited, together with other wholly owned subsidiaries of HSBC Holdings plc ('HSBC Group companies'1), has entered into an agreement with the Colombian banking entity controlled by the Gilinski Group2, Banco GNB Sudameris S.A., to sell the HSBC Group's businesses in Colombia, Peru, Uruguay and Paraguay for a total consideration of US$400m in cash, subject to adjustment to reflect the net asset value in each of the businesses at completion.

These transactions are subject to the requisite regulatory approvals in each jurisdiction, as well as other conditions. The sales of the businesses in Colombia and Peru are expected to complete in the fourth quarter of 2012 and the sales of the businesses in Uruguay and Paraguay are expected to complete in the first quarter of 2013.

These transactions represent further progress in the execution of the HSBC Group strategy. Antonio Losada, President and CEO of HSBC Latin America and the Caribbean, said: "We are pleased to have reached this agreement with Banco GNB Sudameris as we seek to focus on our operations where we see the greatest potential for sustainable growth for HSBC. I would like to thank the management teams and employees for their dedication and wish them every success for the future."

At 31 December 2011, the businesses to be sold had 62 branches across the four countries and a gross asset value of US$4.4bn.

goldfinger - 17 May 2012 10:25 - 137 of 327

UPGRADE UPGRADE UPGRADE UPGRADE UPGRADE

17 May HSBC Holdings PLC HSBA Investec Buy 529.35 600.00 - Upgrades

600p SP target.

ahoj - 17 May 2012 16:17 - 138 of 327

HSBC is probably the safest bank in the world, some believe that it is even better than European central bank.

halifax - 17 May 2012 16:32 - 139 of 327

only because they don't know the extent of their bad debts which are unprovided.

Shortie - 18 May 2012 16:20 - 140 of 327

Nearly back to £5 a share and where I'll accumulate from...

halifax - 18 May 2012 16:33 - 141 of 327

reports suggest they are looking to sell their UK retail business(Midland Bank as was) and slope off to HK.

skinny - 21 May 2012 07:03 - 142 of 327

SALE OF UPSTATE NEW YORK RETAIL BRANCHES TO FIRST NIAGARA COMPLETES
***Branches sold for a consideration of US$0.9bn***
***HSBC to retain commercial banking operations in the Upstate NY market***

On 31 July 2011, HSBC announced that its wholly-owned subsidiary HSBC Bank USA, N.A. and other wholly-owned subsidiaries, had agreed to sell 195 retail branches, primarily in Upstate New York1, to First Niagara Bank, N.A. ("First Niagara")2.

The sale to First Niagara completed today. Consideration received, based on figures at 30 April 2012, was approximately US$0.9bn3.

At 30 April 2012, the branches held approximately US$14.5bn in deposits and over US$4bn of brokerage and insurance assets under management. As at 30 April 2012 the branches had outstanding loans to customers of US$2.2bn.

HSBC Bank USA, N.A. remains committed to serving and further developing corporate banking relationships in Upstate New York, including the provision of a full suite of international commercial banking offerings, including trade and cash management products and services.

skinny - 22 Jun 2012 08:05 - 143 of 327

Just bought a few more here @555.

ahoj - 22 Jun 2012 08:09 - 144 of 327

I also think HSBC and LLoyds to close positive.

skinny - 27 Jun 2012 15:31 - 145 of 327

Just sold my recent purchase +15.

skinny - 28 Jun 2012 13:50 - 146 of 327

Taken a chance and bought back in here @551 - I was tempted with RBS @200 out of auction, but didn't.

skinny - 29 Jun 2012 08:04 - 147 of 327

Just closed again +16.

skinny - 12 Jul 2012 09:28 - 148 of 327

SANDY FLOCKHART TO RETIRE FROM
HSBC HOLDINGS BOARD

Sandy Flockhart will retire as a non-executive Director of HSBC Holdings plc, and from his position as Chairman of HSBC Bank plc, and as a Director of HSBC Bank Middle East Ltd on 31 July 2012.

Sandy Flockhart previously stepped down as an executive in April 2012 after a long career with HSBC, most recently as Chairman of HSBC's operations in Europe, the Middle East and Africa and, prior to that, Chief Executive Officer of The Hongkong and Shanghai Banking Corporation Limited and President and Group Managing Director with responsibility for Latin America and the Caribbean. He also served as Chief Executive Officer in Mexico, Managing Director in Saudi Arabia, Chief Executive Officer in Thailand and Chairman of HSBC Malaysia.

Douglas Flint, Group Chairman, said: "We are extremely grateful to Sandy for his dedicated and loyal service to HSBC over 37 years including the last four years on the HSBC Holdings Board and wish him well for the future, particularly in his continuing fight against cancer."

HARRYCAT - 18 Jul 2012 11:56 - 149 of 327

Note from Merrill Lynch:
"As we set out in our recent report 9 reasons we are bears of HSBC, we think consensus is c. 10% too high and whilst we believe management is doing a good job, revenue headwinds mean that its efforts to move toward targets could begin to look increasingly ambitious. With HSBC now a delivery stock, we think risk of disappointment is running high. We reiterate our Underperform rating and preference for StanChart (XTSDF; INR100.75; B-1-7), which has a superior capital position, is a purer play on emerging markets, has less execution risk and is cheaper on a P/E, in our view. We forecast U/L PBT of US$12.1bn in 1H12. This excludes a negative FVOD of US$2.6bn and gains on sale of US branches and cards of US$3.7bn and compares to company collected consensus on the same basis of US$12.7bn. For more details on our estimates see Table 1. 2Q12 could have seen some sizable headwinds
The first quarter at HSBC is typically strong. This was the case in 1Q12, as HSBC benefited from a strong bounce in GBM revenues, gilt gains, positive movements in non qualifying hedges (as bond yields increased) and the usual positive seasonality from HFC bad debts. Bad debts in Europe and HK were also running well below what is normally expected, in our view. With markets turning negative in 2Q12, we estimate GBM activity should have fallen and balance sheet management revenue should be a lot lower. With bond yields now below FY11 levels we believe a reversal of the NQH positive moves in 1Q should be expected and more. Given US seasonality, low levels of 1Q12 bad debts in Europe and comments from StanChart that bad debt was up in Asia, we think impairments could also be a headwind. FX has also been a particular feature in 2Q, with big movements in the Real and Rupee. With the outlook for 2H12e looking increasingly uncertain we think consensus forecasts look at risk and we reiterate our Underperform rating."

HARRYCAT - 29 Jul 2012 15:45 - 150 of 327

Digitallook: "HSBC has been sweltering in the spotlight recently after being found wanting in its money-laundering prevention checks. Barclays proved on Friday, however, that the market is prepared to overlook lapses in judgement if the numbers are good enough.

The number for HSBC to aim for (monday 30th - Interim results) is HK$12,144m, being the consensus estimate profit before tax. The market is expecting earnings per share of 48 cents, a dividend of 18 cents and, in all probability, an apology from HSBC management for past misdemeanours and oversights.

Analysts will be looking out for any increase in provisions for the mis-selling of payment protection insurance (PPI) claims, while wage inflation in Asia has been flagged in the past as a concern."

skinny - 30 Jul 2012 09:28 - 151 of 327

Interim Results

2012 INTERIM RESULTS - HIGHLIGHTS

· Attributable profit up 14% to HK$9,302m (HK$8,160m for the first half of 2011).

· Profit before tax up 14% to HK$10,659m (HK$9,354m for the first half of 2011).

· Operating profit up 13% to HK$8,034m (HK$7,129m for the first half of 2011).

· Operating profit excluding loan impairment charges up 14% to HK$8,283m
(HK$7,287m for the first half of 2011).

· Return on average shareholders' funds of 22.9% (22.8% for the first half of 2011).

· Earnings per share up 14.1% to HK$4.87 per share (HK$4.27 per share for the first half of
2011).

· Second interim dividend of HK$1.10 per share; total dividends of HK$2.20 per share for the first half of 2012 (HK$2.20 per share for the first half of 2011).

· Capital adequacy ratio of 13.9% (14.3% at 31 December 2011); core capital ratio of 11.7% (11.6% at 31 December 2011).

· Cost efficiency ratio of 33.0% (34.6% for the first half of 2011).

HARRYCAT - 30 Jul 2012 09:41 - 152 of 327

Profit before tax is a little short of expectations then. Hence the slight drop in sp?

skinny - 30 Jul 2012 09:45 - 153 of 327

Looks like it Harry - profits up, but that includes selling some of the family silver.

skinny - 30 Jul 2012 16:09 - 154 of 327

S&P Equity Research Upgrade to Buy TP 660.00p

skinny - 17 Aug 2012 06:48 - 155 of 327

HSBC pulls ultra-low 2.99%, five-year, mortgage deal

HSBC has withdrawn the 2.99%, five-year, mortgage deal which it launched just a month ago.

The bank has used up all the money it had allocated to fund the record low-rate deal.

Borrowers from HSBC will still be able to apply for home loans for the same length of time, but at the slightly higher rate of interest of 3.29%.

The bank refused to say how much money it had lent at 2.99%, or how many people had applied successfully.

skinny - 19 Sep 2012 10:03 - 156 of 327

12 month high is 589.30p

Chart.aspx?Provider=EODIntra&Code=hsba&S

skinny - 01 Oct 2012 09:44 - 157 of 327

HSBC sells Property Vision Holdings to management

HSBC Private Bank (UK) Limited, a wholly owned subsidiary of HSBC Holdings plc, has agreed to sell 100% of Property Vision Holdings Limited to PV Acquisition Limited, a company set up by members of Property Vision's current management team.

Property Vision, acquired by HSBC Private Bank (UK) Limited in 2001, specialises in finding UK property and providing advice on purchasing property to private clients. At 30 June 2012, the business had gross assets of US$7.2m.

skinny - 01 Oct 2012 15:30 - 158 of 327

New 12 month high 591.30p

skinny - 04 Oct 2012 11:31 - 159 of 327

New 12 month high again (so far) today @594.2p

ahoj - 05 Oct 2012 09:49 - 160 of 327

very steady move. What is the target?

skinny - 05 Oct 2012 09:54 - 161 of 327

A break and hold above £6 would be a start.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 05 Oct 2012 14:00 - 162 of 327

Well there is the break!

ahoj - 05 Oct 2012 16:20 - 163 of 327

thank you.

skinny - 15 Oct 2012 17:00 - 164 of 327

Closed above £6 (just). 12 month high is 603.70p

skinny - 16 Oct 2012 10:12 - 165 of 327

New 12 month high today @612.3

skinny - 22 Oct 2012 15:44 - 166 of 327

Toying with 620 - new 12 month high @620.30p

skinny - 01 Nov 2012 16:57 - 167 of 327

12 month high today @625.5p

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 05 Nov 2012 06:38 - 168 of 327

Tahe your pick :-

HSBC profits to gain from cuts to bad debts, costs

LONDON | Mon Nov 5, 2012 12:11am GMT

(Reuters) - HSBC Holdings (HSBA.L) is expected to report a jump in quarterly profits on Monday as lower losses from bad debts and a cost-cutting plan outweigh mis-selling charges and the impact of tough economic conditions across the world.

Europe's biggest bank will be the last of Britain's major lenders to report and all are facing intense scrutiny on how far they are streamlining operations, the impact of tougher regulations, and their standards as they get hit with fines and compensation charges for past misconduct.

Or

HSBC Hit By £500m Money Laundering Charge

HSBC will tomorrow prolong the latest wave of financial penalties for Britain's banks by setting aside hundreds of millions of pounds more to cover settlements for breaching anti money-laundering rules.

I have learned that HSBC will raise the likely bill for fines from US authorities to as much as $1.5bn (£935m) in its third-quarter results, a move that will underline the growing seriousness of the probes into the conduct of one of Britain's biggest lenders.

The revised estimate will mean HSBC allocating $800m (£500m) to potential penalties in its accounts for the three months to the end of September following a $700m (£437m) hit disclosed in its half-year results in July, analysts say.

The expected fines relate to inadvertent breaches by HSBC of anti-money laundering procedures in its Mexican operations which are now under investigation by a string of powerful US watchdogs.

skinny - 05 Nov 2012 08:21 - 169 of 327

Interim Management Statement

Highlights

· Reported profit before tax ('PBT') of US$3.5bn in the third quarter ('3Q12') was down US$3.7bn on 3Q11, with US$5.8bn relating to adverse movements on the fair value of our own debt; underlying PBT* was US$5.0bn for 3Q12, up 125% on 3Q11.

· Reported PBT in the nine months ended 30 September 2012 ('the nine months') of US$16.2bn was down US$2.4bn on the same period in 2011, of which US$7.9bn related to adverse movements on the fair value of our own debt. This was partially offset by higher gains on business disposals of US$4.4bn. Underlying PBT for the nine months was US$14.9bn, up 21% on 2011.

· The main factors driving the improvement in underlying PBT for 3Q12 and the nine months were increased revenues** in Global Banking and Markets ('GB&M') and Commercial Banking ('CMB'), and lower loan impairment charges, notably in North America.

· Reported operating expenses for 3Q12 were 4% higher than in 3Q11. Underlying operating expenses for 3Q12 were 16% higher than in 3Q11, primarily reflecting the impact of notable items, increased investment in regulatory and compliance infrastructure in the US and higher litigation costs. Excluding these factors, operating costs were marginally higher than in 3Q11, reflecting additional expenses primarily associated with the execution of our strategy.

· The reported cost efficiency ratio for 3Q12 deteriorated to 70.6% from 49.5% in 3Q11, but improved from 65.8% to 63.7% on an underlying basis as a result of the underlying revenue growth. The ratios were affected by US$0.3bn and US$1.2bn of notable cost items and by US$1.3bn adverse and US$0.1bn favourable notable revenue items in 3Q11 and 3Q12, respectively.

· We continued to make good progress in all areas of strategy, including generating sustainable cost savings of US$0.5bn in the quarter, which took our total annualised savings to US$3.1bn, and we now expect to exceed our target range of US$2.5bn to US$3.5bn by the end of 2013. We have increased investment in our target markets and in enhancing our processes and technology capabilities. We announced eight transactions to dispose of or close businesses since 30 June 2012, making a total of 41 since the start of 2011.

· The third quarter results include an additional provision of US$800m in relation to the ongoing US anti-money laundering, Bank Secrecy Act and Office of Foreign Assets Control investigations. We are actively engaged in discussions with US authorities to try to reach a resolution, but there is not yet an agreement. The US authorities have substantial discretion in deciding exactly how to resolve this matter. Indeed, the final amount of the financial penalties could be higher, possibly significantly higher, than the amount accrued. (More detail is provided on page 9). We have also made UK customer redress provisions of US$353m, mainly in respect of Payment Protection Insurance.

· The core tier 1 capital ratio was 11.7% at 30 September 2012.

* The difference between reported and underlying results is explained and reconciled on page 5.

** Revenue is defined as net operating income before loan impairment charges and other credit risk provisions.

halifax - 05 Nov 2012 16:30 - 170 of 327

skinny are they running a bank or a chinese laundry?

skinny - 09 Nov 2012 07:25 - 171 of 327

halifax - maybe the latter!

More Jimmy Carrs?

HMRC probing HSBC Jersey accounts - report

LONDON | Fri Nov 9, 2012 12:32am GMT

(Reuters) - HM Revenue and Customs (HMRC) are examining details of more than 4,000 British clients of HSBC in Jersey after a whistle-blower handed them a list of names, addresses and account balances this week, the Daily Telegraph reported in its Friday edition.

HMRC is now combing through the list to establish whether some clients used the offshore bank accounts to avoid paying British taxes, the newspaper wrote.

The list identifies 4,388 British-based people holding 699 million pounds in current accounts and includes celebrities, bankers, doctors, mining and oil executives and oil workers, the Telegraph wrote. The list also includes about 4,000 account holders with addresses outside Britain.

Stan - 09 Nov 2012 08:13 - 172 of 327

All we need now is a whistle-blower in the HM Revenue and Customs (HMRC) to release the names.

skinny - 29 Nov 2012 14:19 - 173 of 327

12 month high - 633.4p

skinny - 30 Nov 2012 09:57 - 174 of 327

These are looking strong - high @640.9p

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 03 Dec 2012 06:55 - 175 of 327

HSBC to start selling £25bn of toxic US debt

HSBC is preparing its first sale of sub-prime loans since the height of the financial crash, as Britain's largest bank begins to off-load more than $40bn (£25bn) of toxic US debt it still holds on its books.

The bank is planning to sell four sub-prime loan portfolios worth a total of $2.7bn in the next year, with hedge funds already expressing an interest. The disposals will mark the first time HSBC has sold any of its holding of sub-prime debt since the collapse of Lehman Brothers in September 2008 and is intended to kick off the sale of the $44.2bn of toxic debt still held by the bank.

skinny - 03 Dec 2012 11:24 - 176 of 327

Senior Management Appointments

HSBC Holdings plc announces that Paul Thurston will retire as a Group Managing Director and Chief Executive of Retail Banking and Wealth Management (RBWM), after a distinguished 37-year career with the HSBC Group, on 31 December 2012.

John Flint is appointed a Group Managing Director and will succeed Thurston as Chief Executive of RBWM, one of HSBC's four global businesses, with effect from 1 January 2013. Guilherme Lima will succeed Flint as Group Head of Strategy and Planning and Chief of Staff to the Group Chief Executive.

Separately, Antonio Losada (57), Chief Executive of Latin America and the Caribbean since 1 February 2012, has been appointed a Group Managing Director with effect from 1 December 2012. Losada has been with the HSBC Group since 1973 and has served in Brazil and as CEO of Argentina.

skinny - 03 Dec 2012 13:41 - 177 of 327

Interim dividend exchange rates

US$0.09 per share;

approximately HK$0.697500 per share; or

approximately GBP0.056042 per share.

skinny - 10 Dec 2012 10:56 - 178 of 327

COMPLETION OF SALE OF CENTRAL AMERICAN BANKING OPERATIONS

*** Businesses sold for a consideration of US$0.8bn ***

On 24 January 2012, HSBC Bank (Panama) S.A., an indirect, wholly owned subsidiary of HSBC Holdings plc ("HSBC"), announced that it had entered into an agreement to sell the whole of its banking operations in Costa Rica, El Salvador and Honduras to Banco Davivienda S.A., a Colombian-listed banking group (the "Disposals")

The Disposals, which have received all regulatory and other approvals, have now been completed.

skinny - 11 Dec 2012 07:30 - 179 of 327

HSBC announces settlements with authorities

HSBC has reached agreement with United States authorities in relation to investigations regarding inadequate compliance with anti-money laundering and sanctions laws. This includes a Deferred Prosecution Agreement (DPA) with the US Department of Justice. HSBC has also reached agreement to achieve a global resolution with all other US government agencies that have investigated HSBC's past conduct related to these issues1 and anticipates finalising an undertaking with the United Kingdom Financial Services Authority shortly.

Under these agreements, HSBC will make payments totaling US$1.921bn, continue to cooperate fully with regulatory and law enforcement authorities, and take further action to strengthen its compliance policies and procedures.

Stan - 11 Dec 2012 09:19 - 180 of 327

Just over a Billion quid in real money then eh? Wonder if thats the end of it though with this lot?

skinny - 11 Dec 2012 09:21 - 181 of 327

Who knows with the bloody yanks - I reckon it will end the day blue (or red).

Stan - 11 Dec 2012 09:23 - 182 of 327

Yes, If thats the end I agree.. But? Perhaps let things die down a bit I suppose.

skinny - 11 Dec 2012 09:33 - 183 of 327

Harry, I've held these several times this year - and currently hold from 567.

halifax - 11 Dec 2012 12:57 - 184 of 327

All depennds on whether they have closed down their chinese laundry!

Stan - 11 Dec 2012 13:31 - 185 of 327

The SP. is actually holding up so far today, Now that the uncertainty has diminished.

skinny - 11 Dec 2012 15:58 - 186 of 327

Looking like a blue finish - 12 month high is 647.20p

ahoj - 11 Dec 2012 16:02 - 187 of 327

I hope so.

skinny - 12 Dec 2012 11:12 - 188 of 327

HSBC Bank Malaysia pre-tax profits up 18.6%

StockMarketWire.com

HSBC Bank Malaysia's pre-tax profits for the nine months to the end of September rose by 18.6% to MYR1,193m.

Operating income grew to MYR2,267m - an increase of MYR187m or 9.0% - due to higher income from Islamic banking operations of MYR425m, an increase of MYR113m or 36.3% and higher net interest income of MYR958m, an increase of MYR80m or 9.2%.

Loan impairment charges and other credit risk provisions increased marginally by MYR6m or 3.3% while the cost efficiency ratio improved to 39.7% from 43.3%.

Total assets stood at MYR77.6bn - down from MYR79.9bn at 31 December but up from MYR73.0bn a year ago.

Core capital ratio and risk-weighted capital ratio remain strong at 9.4% and 12.9% respectively at 30 September 2012, higher than the 9.1% and 12.7% reported at 31 December 2011.

skinny - 19 Dec 2012 10:21 - 189 of 327

These have finally joined the club today.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

fahel - 21 Dec 2012 21:04 - 190 of 327

http://www.bloomberg.com/news/2012-12-20/hsbc-judge-requests-reasons-to-approve-drug-money-accord.html?cmpid=yhoo

skinny - 22 Dec 2012 08:39 - 191 of 327

I see that is 2 days old, but even so - the yanks seem hell bent on destroying any British orientated business.

skinny - 24 Dec 2012 08:40 - 192 of 327

12 month high this morning @656.4p.

HARRYCAT - 24 Dec 2012 08:48 - 193 of 327

Skinny, in your post #183 I think you might be replying to Stan? I seem to be appearing in your subconscious these days! :o)

skinny - 24 Dec 2012 08:51 - 194 of 327

Harry - looks like it! :-)

ahoj - 09 Jan 2013 09:11 - 195 of 327

I wonder why HSBC is lagging behind other banks.

It has been stand steel or falling over the last few days.
Over last month, HSBC rose 2% while other banks rose 9-14%!! WHy?

skinny - 09 Jan 2013 09:23 - 196 of 327

It depends on your timeframe.

1 year

big.chart?nosettings=1&symb=UK%3aHSBA&uf

2 year

3 year

skinny - 09 Jan 2013 15:08 - 197 of 327

Just closed here @672.5 (limit) - this is the 3rd time this year they have reached the top of their range an I've missed the previous 2 whereupon they subsequently dropped back to @660.

Now I'm out, they will probably keep on going up!

ahoj - 10 Jan 2013 16:10 - 198 of 327

It is moving up slowly towards 700p.

skinny - 19 Feb 2013 14:19 - 199 of 327

HSBC to sell HSBC Bank Panama to Bancolombia

HSBC Latin America Holdings (UK) Limited, a wholly owned subsidiary of HSBC Holdings plc ("HSBC"), has entered into an agreement to sell HSBC Bank (Panama) S.A. to Bancolombia S.A. ("Bancolombia") for a total consideration of US$2.1bn in cash, based upon estimated net asset value at completion of US$700m. The transaction is subject to regulatory approvals and other conditions and is expected to complete by the third quarter of 2013.

The sale represents further progress in HSBC's execution of the strategy set out in May 2011. Commenting on the transaction, Antonio Losada, CEO of HSBC Latin America, said: "This is the 46th sale/closure globally since the start of 2011, and it demonstrates our commitment to the Group strategy for the region, based on our five-filter approach, to concentrate on our core markets of Brazil, Mexico and Argentina".

As of 30 September 2012, unaudited estimates show HSBC Bank (Panama) S.A. had approximately US$7.6bn of assets, US$5.7bn of loans and US$5.8bn of deposits, excluding previously announced disposals (*) and other adjustments.

skinny - 27 Feb 2013 12:08 - 200 of 327

Investec Add 721.25 713.00 685.00 735.00 Upgrades

skinny - 04 Mar 2013 08:32 - 201 of 327

HSBC HOLDINGS PLC 2012 RESULTS HIGHLIGHTS

· Reported profit before tax US$20.6bn, down 6% on 2011, including US$5.2bn of adverse fair value movements on own debt;

· Underlying1 profit before tax US$16.4bn, up 18% on 2011;

· Core tier 1 capital ratio 12.3%, up from 10.1% in December 2011;

· Estimated Basel III end point common equity tier 1 ratio ('CET1') 10.3% post-2013 management actions (9.0% at end 2012), providing strong capacity for organic growth;

· Dividends declared in respect of 2012 US$0.45 per ordinary share, up 10% on 2011, with a fourth interim dividend for 2012 of US$0.18 per ordinary share. Total dividends US$8.3bn;

· First three interim dividends for 2013 planned to be US$0.10 per ordinary share, up 11%;

· Continued to execute our strategy to grow, simplify and restructure the Group;

· Record year in Commercial Banking with reported profit before tax of US$8.5bn, up 7%;

· Underlying revenues for the Group US$63.5bn, up 7%; Global Banking and Markets US$18.2bn, up 10%; Commercial Banking US$15.9bn, up 8%; Retail Banking and Wealth Management US$27.7bn, up 6%; More than half of the Group's underlying revenue from faster-growing regions;

· Announced disposal/closure of 26 businesses and non-core investments in 2012, 4 in 2013, 47 since beginning of 2011;

· Underlying cost growth of 11% to US$41.9bn included notable items of US$5.7bn (up from US$2.2bn in 2011) and investment in growth and strengthened compliance;

· Notable items included US$1.9bn of fines and penalties paid as part of the settlement with US authorities and the FSA, and additional provisions of US$1.4bn in respect of UK customer redress in 2012;

· Generated further sustainable cost savings of US$2.0bn, giving an annualised total of US$3.6bn. This surpasses our cumulative target of US$2.5bn to US$3.5bn of sustainable savings since 2011;

· Return on average ordinary shareholders' equity 8.4%, down from 10.9% in 2011, driven by adverse fair value movements on own debt, a higher tax charge and a much stronger equity base;

· Earnings per share US$0.74, down 20% on 2011; and

· Pro-forma post-tax profits allocation 60% was retained, 29% declared in dividends (net of scrip) in respect of the year and 11% in respect of variable pay. Variable pay down from 15% in 2011.

skinny - 14 Mar 2013 11:48 - 202 of 327

Oriel Securities Buy 736.55 - 860.00 Upgrades

skinny - 19 Mar 2013 06:50 - 203 of 327

HSBC faces new money laundering claims in Argentina

Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina.

Argentina has alleged that the bank used "fake receipts" to facilitate money laundering and tax evasion, and launder 392m pesos ($77m; £50m).

The country's tax authority said it had filed criminal charges against HSBC.

skinny - 04 Apr 2013 07:19 - 204 of 327

HSBC DISPOSES OF QUANTITATIVE TECHNIQUES OPERATIONS TO EUROMONEY

HSBC Bank plc ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into an agreement to dispose of its market indices and data cleansing provider, Quantitative Techniques ('QT'), to Euromoney Trading Limited ('the Transaction'). The gross assets being disposed of were recorded at zero in HSBC's accounts as at 31 December 2012.

Under the terms of the Transaction, HSBC has committed to retain the services of QT for a period of three years from the completion date.

The Transaction is expected to complete by the end of 2013.

ahoj - 04 Apr 2013 08:16 - 205 of 327

Banks like HSBC will gain from Japan's new measures.

skinny - 09 Apr 2013 21:42 - 206 of 327

.

skinny - 23 Apr 2013 13:41 - 207 of 327

HSBC bank cutting 3,166 UK jobs

HSBC is cutting 3,166 UK jobs as it continues efforts to reduce costs.

The bank said the positions would mostly go from its wealth management division, but that it hoped to redeploy more than 2,000 of the affected staff.

The cuts are part of HSBC's continuing three-year cost-cutting plan, and follows the loss of 2,200 jobs in 2012.

HSBC, which is Europe's biggest bank, currently employs more than 47,000 staff across the UK.

skinny - 07 May 2013 09:22 - 208 of 327

Interim Management Statement

HSBC Holdings plc - Interim Management Statement - 1Q 2013

HSBC Holdings plc ('HSBC') will be conducting a trading update conference call with analysts and investors today to coincide with the release of its Interim Management Statement. The trading update call will take place at 11.00am BST, and details of how to participate in the call and the live audio webcast can be found below and at Investor Relations on www.hsbc.com.

The Directors of HSBC Holdings plc have declared a first interim dividend of US$0.10 per ordinary share in respect of the year ending 31 December 2013 in accordance with their intention, as set out in the 2012 Annual Report and Accounts, to pay quarterly dividends on the ordinary shares in a pattern of three equal dividends with a variable fourth interim dividend.

ahoj - 07 May 2013 09:28 - 209 of 327

Wow,
Great update after Lloyds results. Banks are doing great!

skinny - 15 May 2013 07:05 - 210 of 327

Investor Update

Highlights
· Significant execution progress against the strategy outlined in May 2011
· Strategy unchanged - priorities for the next phase 2014-2016:
· grow both the business and dividends
· implement global standards
· streamline processes and procedures
· Re-affirmed return on equity target range of 12-15%
· Revenue growth exceeding cost growth ('positive jaws')
· Additional sustainable costs savings of US$2-3bn
· Cost efficiency ratio in the mid-50s
· Basel 3 common equity tier 1 ratio above 10%
· Progressive dividends

skinny - 15 May 2013 07:45 - 211 of 327

HSBC targets additional $2-3 billion cost savings by 2016

HONG KONG | Wed May 15, 2013 7:27am BST

(Reuters) - HSBC (HSBA.L) said on Wednesday that it would target additional cost savings of $2 billion (1.3 billion pounds) to ($3 billion) in 2014-2016, as Europe's biggest bank cuts jobs and sells noncore businesses to bolster profitability under a restructuring plan led by CEO Stuart Gulliver.

In a strategy update, HSBC (0005.HK) also said it would aim for a cost-efficiency ratio in the "mid-50s", up from 48-52 percent previously, a goal it had been struggling to achieve amid sluggish growth outside Asia. It maintained its long-term target for return on equity of 12 to 15 percent.

skinny - 13 Jun 2013 09:55 - 212 of 327

Investec Buy 677.50 735.00 740.00 Upgrades

Berenberg Buy 677.50 790.00 790.00 Reiterates

skinny - 18 Jun 2013 07:56 - 213 of 327

Citigroup Buy 681.50 681.50 770.00 770.00 Upgrades

skinny - 05 Aug 2013 09:17 - 214 of 327

HSBC Holdings plc 2013 Interim Results

· Reported profit before tax ('PBT') was US$14.1bn in the first half of 2013 ('1H13'), an increase of 10% compared with the same period in 2012 ('1H12').
· Underlying PBT was US$13.1bn, up 47% compared with 1H12, due to higher revenues, lower loan impairment charges, including a notable improvement in our US run-off portfolio, and lower operating expenses.
· Return on average ordinary shareholders' equity was 12.0% compared with 10.5% in 1H12.
· Underlying revenue included net favourable movements on non-qualifying hedges of US$0.8bn, a net gain of US$0.6bn on completion of the sale of our remaining investment in Ping An and a US$0.5bn favourable debit valuation adjustment on derivative contracts.
· We continued to make progress on delivering our strategy and grew revenues in key areas, led by our Financing and Equity Capital Markets and Credit businesses, residential mortgages in the UK and Hong Kong, and from collaboration between our global businesses.
· Underlying costs were down 8% on 1H12, due mainly to the non-recurrence of provisions for fines and penalties recorded in 1H12 and lower charges from UK customer redress programmes and restructuring costs.
· We continued to pursue our strategic aim of improving costs to invest in the business. During 1H13 we achieved US$0.8bn of sustainable cost savings across all regions, taking the annualised total to US$4.1bn since the start of 2011, exceeding our target for the end of 2013.
· We continued to reshape the business and reallocate capital in line with our strategy, announcing 11 disposals or closures of non-strategic businesses since the start of the year, taking the total to 54 since 2011.

Stuart Gulliver, Group Chief Executive, said: 'Both reported and underlying profit before tax increased in the first half. These results demonstrate that we have continued to make progress on delivering our strategy.'

ahoj - 05 Aug 2013 09:33 - 215 of 327

where fjet prices are going to go given the news today?

skinny - 05 Aug 2013 16:02 - 216 of 327

Espirito Santo Execution Noble Buy 720.80 850.00 850.00 Reiterates

Investec Hold 720.80 740.00 740.00 Reiterates

skinny - 06 Aug 2013 07:35 - 217 of 327

JP Morgan Cazenove Overweight 0.00 800.00 800.00 Reiterates

Deutsche Bank Hold 0.00 750.00 730.00 Downgrades

RBC Capital Markets Sector Performer 721.70 721.70 700.00 700.00 Retains

Barclays Capital Overweight 721.70 721.70 850.00 - Reiterates

Morgan Stanley Equal weight 717.55 737.00 757.00 Retains

Canaccord Genuity Buy 717.55 825.00 825.00 Retains

Numis Hold 717.55 - 712.00 Retains

skinny - 02 Oct 2013 11:52 - 218 of 327

Bounce?

skinny - 04 Oct 2013 15:25 - 219 of 327

Quite a bounce!

skinny - 04 Nov 2013 08:04 - 220 of 327

HSBC profits seen up 10 percent as cost cuts pay off

LONDON | Mon Nov 4, 2013 12:11am GMT
(Reuters) - HSBC Holdings is expected to report a 10 percent rise in quarterly profit on Monday as Europe's biggest bank benefits from cost cuts and the absence of a big provision to cover a fine last year.

The rise is unlikely to put to rest concerns about HSBC's growth prospects as tougher regulations squeeze profits, investment banking income drops and the threat remains of further litigation over the bank's past conduct.

skinny - 04 Nov 2013 08:19 - 221 of 327

Interim Management Statement - 3Q 2013

Highlights

· Reported profit before tax ('PBT') up 30% in the third quarter of 2013 ('3Q13') at US$4,530m compared with US$3,481m in the same period in 2012 ('3Q12').
· Underlying PBT was US$5,056m, up 10% in 3Q13, compared with US$4,603m in 3Q12.
· Reported PBT for nine months to 30 September 2013 up 15% at US$18,601m, US$2,383m higher than in the same period in 2012.
· Underlying PBT for the nine months to 30 September 2013 up 34% at US$18,145m, US$4,640m higher than the prior year period.
· Earnings per share and dividends per share for the nine months to 30 September 2013 were US$0.71 and US$0.30, respectively, compared with US$0.58 and US$0.27 for the equivalent period in 2012.
· Annualised return on equity 1.5 ppt higher - nine months to 30 September 2013 annualised return on average ordinary shareholders' equity ('RoE') was 10.4% compared with 8.9% in the equivalent period in 2012.
· Our home markets of UK and Hong Kong contributed more than half of the Group's underlying PBT in the quarter and year to date. We expect both to see GDP growth in 2014 over 2013.
· Stable revenue - 3Q13 underlying revenue of US$15,588m was broadly unchanged compared with US$15,661m in 3Q12. Notwithstanding this, we achieved broad-based revenue growth in Hong Kong.
· Lower 3Q13 underlying operating expenses - 3Q13 underlying operating expenses were US$9,572m, down 4% from US$9,952m in 3Q12. Excluding notable items, operating expenses increased reflecting higher investment expenditure, wage inflation and litigation and regulatory-related costs.
· Maintained momentum in sustainable savings - during 3Q13 we achieved US$0.4bn of additional sustainable cost savings across all regions, taking the annualised total to US$4.5bn since the start of 2011. This exceeds our target for the end of 2013.
· Further progress on capital generation but regulatory uncertainty remains - our core tier 1 ratio was 13.3% and our common equity tier 1 ratio was 10.6% in 3Q13.

skinny - 04 Nov 2013 09:13 - 222 of 327

Bang on the 200ma.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 04 Nov 2013 11:59 - 223 of 327

Espirito Santo Execution Noble Buy 704.00 687.30 850.00 850.00 Reiterates

Bank of America Merrill Lynch Neutral 704.00 687.30 775.00 775.00 Reiterates

Credit Suisse Outperform 703.10 687.30 780.00 780.00 Reiterates

ahoj - 04 Nov 2013 13:12 - 224 of 327

And it is not started to move yet.
800 soon

skinny - 09 Dec 2013 11:46 - 225 of 327

660 has proven pivotal in the past.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

ahoj - 09 Dec 2013 13:10 - 226 of 327

Have too many of these. should wait a while. Don't know why!

skinny - 23 Dec 2013 12:06 - 227 of 327

A dabble @658.

Chart.aspx?Provider=EODIntra&Code=HSBA&S

skinny - 24 Dec 2013 10:03 - 228 of 327

Overseas Regulatory Announcement

I haven't quite worked out if this means over or below 5%!

skinny - 30 Jan 2014 11:25 - 229 of 327

Hmmm - in auction +9.8%.

I guess that was the cause of the FTSE spike.

skinny - 24 Feb 2014 08:19 - 230 of 327

HSBC Holdings plc FY2013 results

HSBC HOLDINGS PLC
2013 RESULTS HIGHLIGHTS

· Reported profit before tax ('PBT') up 9% in 2013 at US$22,565m compared with US$20,649m in 2012.

· Underlying PBT was up 41% in 2013 at US$21,586m, compared with US$15,286m in 2012.

· Reported PBT was US$3,964m in the fourth quarter of 2013, compared with US$4,431m in the same period in 2012.

· Earnings per share and dividends per share in respect of the year were US$0.84 and US$0.49 respectively, compared with US$0.74 and US$0.45 for 2012.

· Return on equity 0.8% higher at 9.2%, compared with 8.4% in 2012.

· Stable revenue - 2013 underlying revenue of US$63,295m compared with US$61,597m in 2012, underpinned by a resilient performance in Global Banking & Markets and growth in Commercial Banking.

· Lower 2013 underlying operating expenses - 2013 operating expenses were US$38,203m, down 6% from US$40,754m in 2012. Excluding notable items, operating expenses increased in part reflecting inflationary pressures and a higher UK bank levy.

· Underlying PBT was higher in three out of our four global businesses and all of our regions with the exception of Latin America where underlying profit before tax fell.

· Maintained momentum in sustainable savings - during 2013 we achieved US$1.5bn of additional sustainable cost savings across all regions, taking the annualised total to US$4.9bn since the start of 2011. This exceeds our target for the end of 2013.

· Further progress on capital generation - our core tier 1 capital was US$149bn, equating to a ratio of 13.6% and our estimated CRD IV end point basis common equity tier 1 ratio was 10.9% as at 2013.

skinny - 24 Feb 2014 08:25 - 231 of 327

skinny - 24 Feb 2014 10:58 - 232 of 327

Canaccord Genuity Buy 630.10 654.20 825.00 750.00 Retains

skinny - 25 Feb 2014 06:46 - 233 of 327

Deutsche Bank Hold 635.70 635.70 700.00 680.00 Reiterates

Morgan Stanley Equal weight 635.70 635.70 762.00 700.00 Retains

Citigroup Neutral 635.70 635.70 770.00 685.00 Downgrades

Barclays Capital Overweight 635.70 635.70 780.00 780.00 Reiterates

Credit Suisse Outperform 630.50 635.70 780.00 780.00 Reiterates

skinny - 25 Feb 2014 11:18 - 234 of 327

Numis Add 628.95 635.70 760.00 760.00 Reiterates

skinny - 27 Feb 2014 13:07 - 235 of 327

LONDON--HSBC Bank Middle East Ltd., a unit of global bank HSBC Holdings PLC (HBC), confirmed on Thursday that it is in talks with Meezan Bank Ltd. regarding the possible sale of its operations in Pakistan, the unit said in a short statement.

The unit also said that the discussions were at a preliminary stage and may or may not lead to a sale.

Meezan Bank is an Islamic bank based in Karachi, Pakistan.

skinny - 27 Feb 2014 13:13 - 236 of 327

Macquarie Outperform 630.65 800.00 720.00 Reiterates

skinny - 07 May 2014 09:27 - 237 of 327

Interim management Statement

Highlights

· Reported profit before tax ('PBT') down 20% in the first quarter of 2014 ('1Q14') at US$6,785m compared with US$8,434m in the same period in 2013 ('1Q13').

· Underlying PBT was down US$968m or 13% in 1Q14 at US$6,621m, compared with US$7,589m in 1Q13, primarily reflecting the reduced impact of significant items (US$741m net reduction in PBT between 1Q13 and 1Q14, comprising lower revenue items of US$1,076m and lower operating expense items of US$335m).

· Earnings per share and dividends per ordinary share for the first quarter of 2014 were US$0.27 and US$0.10, respectively, compared with US$0.34 and US$0.10 for the equivalent period in 2013.

· Return on average ordinary shareholders' equity (annualised) was 3.2% lower at 11.7%, compared with 14.9% for the equivalent period in 2013.

· Lower 1Q14 revenue - 1Q14 underlying revenue was US$15,709m, down 8% from US$17,135m in the same period in 2013 mainly reflecting the reduced impact from significant items of US$1,076m. Excluding these items, revenue was lower by US$350m or 2%, driven by Retail Banking and Wealth Management and Global Banking and Markets, partly offset by growth in Commercial Banking.

· Further progress made on executing against strategy with market share gains in several product categories in Global Banking and Markets including equity and debt capital markets, advisory and lending. We also achieved positive net new money in targeted areas of growth in Global Private Banking.

· Lower 1Q14 underlying operating expenses - 1Q14 operating expenses were US$8,843m, down 2% from US$9,014m in the same period in 2013. Excluding significant items, operating expenses increased by 2% in part reflecting increased investment in Global Standards, Risk and Compliance, and inflation, partly offset by cost saving initiatives.

· Capital - at 1Q14, the CRD IV transitional basis CET1 capital ratio was 10.7%, down from 10.8% at 31 December 2013, and the end point CET1 capital ratio was 10.8%, down from 10.9%. This largely reflected increased RWAs resulting from regulatory change.

ahoj - 30 Jun 2014 15:06 - 238 of 327

Is this new news or old one?

30 June 2014

HSBC HOLDINGS PLC

FIRST INTERIM DIVIDEND FOR 2014

On 7 May 2014, the Directors of HSBC Holdings plc declared the first interim dividend for 2014 of US$0.10 per ordinary share. The dividend is payable on 10 July 2014 to holders of record on 22 May 2014 on the Hong Kong Overseas Branch Register and on 23 May 2014 on the Principal Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies, and with a scrip dividend alternative.

Dividends payable in cash in sterling or Hong Kong dollars will be converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 30 June 2014 (US$1=HK$7.75155 and £1=US$1.7016). Accordingly, the cash dividend payable on 10 July 2014 will be:

US$0.10 per share;

approximately HK$0.775155 per share; or

approximately £0.058768 per share.

skinny - 30 Jul 2014 11:08 - 239 of 327

Interim Results 4th August.

Ahoj - old news - Investor relations

skinny - 04 Aug 2014 09:23 - 240 of 327

Interim Results

2014 INTERIM RESULTS - HIGHLIGHTS

· Reported profit before tax ('PBT') down 12% in the first half of 2014 ('1H14') at US$12,340m compared with US$14,071m in the same period in 2013 ('1H13').

· Underlying PBT was down US$457m or 4% in 1H14 at US$12,560m compared with US$13,017m in 1H13, primarily reflecting the reduced effect of significant items (US$807m net reduction in PBT between 1H13 and 1H14, comprising lower revenue items of US$1,282m partly offset by lower operating expense items of US$475m).

· Earnings per share and dividends per ordinary share (in respect of the period) for the first half of 2014 were US$0.50 and US$0.20, respectively, compared with US$0.54 and US$0.20 for the equivalent period in 2013. The second interim dividend was US$0.10.

· Return on average ordinary shareholders' equity (annualised) was 1.3ppt lower at 10.7%, compared with 12.0% for the equivalent period in 2013.

· Lower 1H14 revenue- 1H14 underlying revenue was US$31,359m, down US$1,361m or 4% from US$32,720m in the same period in 2013 mainly reflecting the reduced effect from significant items of US$1,282m. Excluding these items, revenue was broadly unchanged.

· Higher 1H14 underlying operating expenses - 1H14 operating expenses were US$18,240m, 2% higher from US$17,959m in the same period in 2013. Excluding significant items, operating expenses increased by 4% in part reflecting increased investment in Risk, Compliance and Global Standards.

· Capital - at 1H14, the CRD IV transitional basis CET1 capital ratio was 11.2%, up from 10.8% at 31 December 2013, and the end point CET1 capital ratio was 11.3%, up from 10.9%. This largely reflected capital generation and the benefit of higher fourth interim scrip take-up.

skinny - 04 Aug 2014 10:44 - 241 of 327

Yum yum!

skinny - 03 Nov 2014 08:52 - 242 of 327

Interim Management Statement

Highlights
· Reported PBT up 2% in 3Q14 at US$4,609m compared with US$4,530m in 3Q13.
· Underlying PBT was down US$595m or 12% in 3Q14 at US$4,409m compared with US$5,004m in 3Q13, principally reflecting net movements in significant items (US$1,468m net reduction in PBT).
· Higher 3Q14 revenue in CMB and GB&M - CMB continued to grow, notably in our home markets of Hong Kong and the UK. Strong performance in GB&M was driven by Markets as Foreign Exchange and Equities both benefitted from higher client activity.
· Higher 3Q14 operating expenses - 3Q14 underlying operating expenses were US$11,091m, 15% higher than US$9,608m in 3Q13. Excluding significant items operating expenses increased by 6%, in part reflecting inflation and increases in risk, compliance and related costs.
· Further loan growth - on a constant currency basis we grew loans and advances to customers in 3Q14, notably in CMB in our home markets of the UK and Hong Kong.
· Reported PBT down 9% for 9M14 at US$16,949m compared with US$18,601m for 9M13.
· Underlying PBT down 6% for 9M14 at US$16,969m compared with US$18,014m for 9M13, primarily due to the effect of net movements in significant items (US$2,275m net reduction in PBT).
· Earnings per ordinary share and dividends per ordinary share (in respect of the period) for 9M14 were US$0.67 and US$0.30, respectively, compared with US$0.71 and US$0.30 for 9M13. The third interim dividend was US$0.10 per ordinary share.
· Return on average ordinary shareholders' equity 9M14 annualised return was 0.9ppts lower at 9.5%, compared with 10.4% for the equivalent period in 2013.
· Strong capital position - at 3Q14, the CRD IV transitional basis CET1 capital ratio remained at 11.2%, consistent with 30 June 2014. The end point CET1 capital ratio was 11.4%, up from 11.3% at 30 June 2014. This largely reflected internal capital generation that was adversely affected by foreign exchange movements.

Fred1new - 11 Feb 2015 08:43 - 243 of 327

I dumped these a few days ago.

http://www.theguardian.com/business/2015/feb/10/hsbc-files-swiss-bank-aggressive-marketing-clients-avoid-new-tax

HSBC files: Swiss bank aggressively pushed way for clients to avoid new tax
Far from acting as passive party to clients’ tax schemes, HSBC Suisse marketed device to effectively sabotage European savings directive

skinny - 19 Feb 2015 12:05 - 244 of 327

Final Results Monday 23rd February.

skinny - 23 Feb 2015 08:38 - 245 of 327

2014 Results Highlights

· Reported profit before tax ('PBT') down 17% in 2014 at US$18,680m, compared with US$22,565m in 2013. This primarily reflected lower business disposal and reclassification gains and the negative effect, on both revenue and costs, of significant items including fines, settlements, UK customer redress and associated provisions.
· Adjusted PBT was broadly unchanged in 2014 at US$22,829m and excludes the year-on-year effects of foreign currency translation and significant items, compared with US$22,981m in 2013.
· Earnings per share and dividends per share in respect of the year were US$0.69 and US$0.50 respectively, compared with US$0.84 and US$0.49 for 2013.
· Return on equity lower at 7.3%, compared with 9.2% in 2013.
· Stable revenue - 2014 adjusted revenue of US$62,002m compared with US$61,854m in 2013, underpinned by growth in Commercial Banking, notably in our home markets of Hong Kong and the UK.
· Loan impairment charges were lower reflecting the current economic environment and the changes we have made to our portfolio since 2011.
· Higher 2014 operating expenses - adjusted operating expenses in 2014 were US$37,854m, up 6.1% from US$35,682m in 2013, due to increased regulatory and compliance costs, inflationary pressures and investment in strategic initiatives to support growth.
· Capital - the common equity tier 1 capital ratio (CRD IV transitional basis) was 10.9% at 31 December 2014, up from 10.8% at 31 December 2013.

skinny - 24 Apr 2015 11:41 - 246 of 327

AGM Statements

AGM Statements

skinny - 05 May 2015 09:20 - 247 of 327

FIRST QUARTER 2015 EARNINGS RELEASE AUDIO WEBCAST AND CONFERENCE CALL

Earnings Release

Highlights
· Reported PBT up 4% in the first quarter of 2015 ('1Q15') at $7,059m compared with $6,785m in the same period in 2014 ('1Q14').
· Adjusted PBT up $349m or 5% in 1Q15 at $6,892m, compared with $6,543m in 1Q14, primarily reflecting higher revenue of $661m and lower loan impairment charges of $136m, partly offset by higher operating expenses of $483m.
· Reported PBT of $7,059m is up by $5,328m compared with $1,731m in 4Q14. Adjusted PBT of $6,892m is up by $3,988m or 137% compared with $2,904m in 4Q14, led by higher revenue in GB&M following a challenging fourth quarter in 2014.
· Earnings per share and dividends per ordinary share for 1Q15 were $0.26 and $0.10, respectively, compared with $0.27 and $0.10 for the equivalent period in 2014.
· Return on average ordinary shareholders' equity (annualised) was 0.2ppts lower at 11.5%, compared with 11.7% for the equivalent period in 2014.
· Adjusted revenue of $15,406m was higher by $661m or 4% from 1Q14 driven by revenue growth in GB&M, including an 8% rise in Markets, in CMB primarily in Hong Kong and the UK, and in Principal RBWM.
· Adjusted operating expenses of $8,526m were up by $483m or 6% from 1Q14 due to higher staff costs, partly reflecting an increase in staff numbers in customer-facing roles and in Regulatory Programmes and Compliance, and increased marketing expenditure to support growth.
· Loans and advances to customers, excluding foreign exchange movements, increased by $17,353m from 31 December 2014.
· Capital - The CRD IV end point CET1 capital ratio was 11.2%, up from 11.1% at 31 December 2014.
· Leverage ratio - The leverage ratio was 4.9%, up from 4.8% at 31 December 2014.

ahoj - 02 Nov 2015 09:41 - 251 of 327

Almost everything beat expectation, and 30% profit rise but the share price is lower!!

Any reason?

HARRYCAT - 02 Nov 2015 09:49 - 252 of 327

Although it has been regularly threatened, it seems HSBC are slightly more likely this time to relocate to Hong Kong.

Stan - 02 Nov 2015 09:55 - 253 of 327

The market looks ahead, so good results can often be marked down apparently ahoj.

HARRYCAT - 02 Nov 2015 12:03 - 254 of 327

Nomura comment:
"HSBC has missed on an underlying basis, with headline numbers propped up by USD 1.1bn gain on own debt amongst other items. Pre-provision profits missed by 7% or USD 0.4bn, as revenue weakness (5% miss, USD 0.7bn weaker) was offset partly by costs (4% beat, USD 0.3bn lower). Underlying PBT came in at USD 5512mn versus consensus of USD 5653mn – a 2% miss, driven mainly by a 23% beat on the impairments line. We expect these results to lead to downgrades, as we had expected prior to results. Even prior to accounting for miss, we were USD 1.4bn or 5% below 2017 consensus pre-provision profits. That said, some of the weakness is already reflected in the 2HTD performance.
We see HSBC making a c11% ROTE by 2018, with higher rates adding to this over time. So expect HSBC to trade at just over 1x P/TB in the medium term before investors give it benefit for growth. Dividends are the main source of support for the stock and management are well aware of that. Despite that, dividends could still be at risk depending on macro-economic environment. That said, current yields are at a very attractive level (before adjusting for scrip). We expect the stock to be range bound in the near term, with risks to the downside."

HARRYCAT - 02 Nov 2015 12:05 - 255 of 327

Merrill Lynch comment:
"HSBC reported net profit of $5.5bn which was comfortably ahead of forecasts - something of a relief that a major global bank can produce a decent set of results in what has hitherto generally been a dismal quarter. BofAML Underweight-30% senior CDS at +67bps.
Bottom line
Revenues were in fact lower across the board but were particularly impacted by lower Wealth Management in HK and lower FICC, the latter being a feature of the sector this quarter. Costs helped, coming in lower than expectations. The cost-income ratio was 54.4%.
Issues to consider
• YTD, the ROTE (stated) is a respectable 12.1%.
• CET1 edged up to 11.8%, closer to where we think HSBC needs to be. Internal capital generation plus 'RWA initiatives' more than offset the dividend, RWA growth and FX effects to deliver this higher ratio.
• No evidence of any impact from any slowdown in China this quarter. Asian provisions were 0.13% compared to 0.19% in 3Q14. Exposure to China is $96bn of which $53bn in loans. The exposure to HK is $635bn, with RE being a big chunk of that. We see limited read-across to Standard Chartered as the banks are so different. We note significant speculation in the UK weekend press (e.g. The Sunday Times) on the results of SC and the possibility of a capital increase.
• LatAm provisions were comparatively well behaved too (ex Brazil which is being sold) at 2.17% versus 3% the previous year.
• The bank may take until next year to decide on its domicile, so we may have to wait for the 4Q report next year for more details. There have been several concessions by the UK Government to accommodate global banks like HSBC."

Stan - 15 Feb 2016 07:06 - 256 of 327

HSBC to keep headquarters in London http://www.bbc.co.uk/news/business-35575793

No surprise there then.

skinny - 22 Feb 2016 07:28 - 257 of 327

2015 RESULTS HIGHLIGHTS

· Reported PBT up 1% in 2015 at $18,867m, compared with $18,680m in 2014. This primarily reflected a favourable movement in significant items.
· Adjusted PBT down 7% at $20,418m, compared with $21,976m in 2014.
· Adjusted revenue up 1% at $57,765m, compared with $57,227m in 2014. The increase was mainly in client-facing GB&M (7%), CMB (3%) and Principal RBWM (2%).
· Adjusted loan impairment charges up 17% at $3,721m, compared with $3,168m in 2014. The increases were across a number of countries, reflective of local themes and characteristics.
· Adjusted operating expenses up 5% at $36,182m reflecting wage inflation, business growth and investment in regulatory programmes and compliance. Excluding the UK bank levy, adjusted operating expenses in the second half of 2015 were broadly in line with the first half of the year reflecting strong cost management and the initial effect of our cost saving programmes.
· Return on equity of 7.2%, compared with 7.3% in 2014.
· Earnings per share and dividends per ordinary share in respect of the year were $0.65 and $0.51, respectively, compared with $0.69 and $0.50 for 2014.
· Strong capital base with a CRD IV end point CET1 capital ratio of 11.9% at 31 December 2015, up from 11.1% at 31 December 2014.
· Leverage ratio remained strong at 5.0%.
· Clearly defined actions to capture value from our network and connecting our customers to opportunities.
- Progress on reducing Group RWAs with a $124bn reduction or 45% of our 2017 target achieved.
- Signed agreement to sell operations in Brazil.
- Revenue from transaction banking products up 4% highlighting value and potential of our international network.
- Development of Asia Business gaining momentum. Revenue growth in excess of GDP in majority of Asian markets.

skinny - 22 Feb 2016 15:40 - 258 of 327

I took a SB on HSBA this morning, which I've just closed for +15 points - not a fortune - but it lessons the impact of the current / purchase price difference!

Shore Capital Sell 447.60 - - Reiterates

Investec Buy 447.60 540.00 - Retains

Nomura Neutral 447.60 - - Retains

kimoldfield - 22 Feb 2016 15:50 - 259 of 327

Well done skinny, I didn't have the nerve!

skinny - 22 Feb 2016 16:00 - 260 of 327

Thanks kim - the yield is quite compelling here now!

skinny - 23 Feb 2016 10:14 - 261 of 327

Beaufort Securities Buy 450.53 - - Reiterates

Barclays Capital Equal weight 450.53 550.00 550.00 Reiterates

Deutsche Bank Hold 450.53 500.00 437.00 Reiterates

JP Morgan Cazenove Underweight 450.53 430.00 410.00 Reiterates

Balerboy - 02 Mar 2016 15:29 - 262 of 327

Bought in for 0.21$ div, 3/3/16 and hopefully growth to come.

Fred1new - 02 Mar 2016 15:50 - 263 of 327

You are a little ahead of your time!

Balerboy - 02 Mar 2016 15:59 - 264 of 327

You'll have to explain fred........

Fred1new - 02 Mar 2016 16:48 - 265 of 327

Bought in for 0.21$ div, 3/3/16

8-)

Balerboy - 02 Mar 2016 16:52 - 266 of 327

ok div tomorrow of 0.21$, bought in at 470p today........ happy.,. ;))

skinny - 20 Apr 2016 16:11 - 267 of 327

EARNINGS RELEASE FOR FIRST QUARTER 2016 AND
FIRST INTERIM DIVIDEND FOR 2016

skinny - 16 May 2016 14:46 - 268 of 327

HSBC axes 840 IT jobs in Britain in first big wave of planned cuts

CC - 14 Jun 2016 20:52 - 269 of 327

How sustainable do we think the 8.1% dividend is? I have to choose what to buy if the market stays down here and thinking there must be some significant risk around it at 8%+

skinny - 03 Aug 2016 09:10 - 270 of 327

2016 INTERIM RESULTS - HIGHLIGHTS

skinny - 03 Aug 2016 11:23 - 271 of 327

HSBC's $2.5 billion buy-back boosts shares as bank postpones profit goal

Balerboy - 03 Aug 2016 15:25 - 272 of 327

Very nice.

Balerboy - 04 Aug 2016 08:16 - 273 of 327

Broker Forecast - Barclays Capital issues a broker note on HSBC Holdings PLCBFNBarclays Capital today reaffirms its equal weight investment rating on HSBC Holdings PLC (LON:HSBA) and raised its price target to 525p (from 500p).

CC - 01 Sep 2016 08:52 - 274 of 327

Getting very overbought now but I'm staying in. Dividend yield down to a mere 6.0% with the rise

skinny - 04 Oct 2016 11:34 - 275 of 327

Still looking good here - but then so are plenty of others!

Chart.aspx?Provider=EODIntra&Code=HSBA&Size=900&Skin=BlackBlue&Type=3&Scale=0&Cycle=DAY1&Span=YEAR1&OVER=MA(13);MA(50);MA(200)&IND=MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

Chart.aspx?Provider=EODIntra&Code=HSBA&Size=900&Skin=BlackBlue&Type=3&Scale=0&Cycle=DAY1&Span=YEAR1&OVER=MA(13);MA(50);MA(200)&IND=MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

skinny - 07 Oct 2016 10:55 - 276 of 327

Quite a spectacular "V" - well if you squint!

Chart.aspx?Provider=EODIntra&Code=HSBA&Size=900&Skin=BlackBlue&Type=2&Scale=0&Cycle=DAY1&Span=YEAR3&OVER=MA(13);MA(50);MA(200)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

Chart.aspx?Provider=EODIntra&Code=HSBA&Size=900&Skin=BlackBlue&Type=2&Scale=0&Cycle=DAY1&Span=YEAR3&OVER=MA(13);MA(50);MA(200)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

driver - 07 Oct 2016 12:32 - 277 of 327

Nice chart. Im holding here from 452p

Balerboy - 07 Oct 2016 19:56 - 278 of 327

Me too.

Chris Carson - 07 Nov 2016 08:09 - 279 of 327

HSBC's Q3 profit

StockMarketWire.com

HSBC Holdings posts third quarter pre-tax profits of $843m - 86% down from $6,097m a year ago.

On an adjusted basis, pre-tax profits rose by 7% to $5,591m.

HSBC uses adjusted performance to understand the underlying trends in the business. The main differences between reported and adjusted are foreign currency translation and significant items, including the operating results for our Brazil business as well as the loss recognised on disposal.

Return on average ordinary shareholders' equity (annualised) was -1.4% in the three months to the end of September against 10.9% a year ago.

Group chief executive Stuart Gulliver said: "Our third-quarter performance reflected the strength of our network and the deepening impact of our strategic actions. Reported profits were down, but adjusted profits were higher than last year's third quarter in all four global businesses and four out of five regions.

"Reported profits included the impact of the disposal of our operations in Brazil, changes in the fair value of our own debt, and the costs of implementing our cost-reduction programmes.

"Our global universal banking model generated higher adjusted revenue than for the same period last year, and our cost-reduction programmes continued to reduce our operating expenses. This produced adjusted positive jaws of 5.6% for the third quarter and 1.5% for the first nine months of the year. Global Banking and Markets had strong adjusted revenue growth in the quarter, with market share gains in Debt Capital Markets globally, and Rates and Credit in Europe.

"We also achieved one of our best ever rankings for global cross-border mergers and acquisitions. Principal Retail Banking and Wealth Management performed relatively well due to the impact of stock market movements on our insurance business in Asia, compared with a weak third quarter of 2015. Commercial Banking revenue remained stable, as higher balances in Global Liquidity and Cash Management helped mitigate the impact of lower revenue from trade finance.

"Following a change in the regulatory treatment of our investment in BoCom, our common equity tier 1 capital ratio increased to 13.9%. This is another action forming part of our ongoing capital management of the Group that reinforces our ability to support the dividend, to invest in the business and, over the medium term, to contemplate share buy-backs, as appropriate. It also provides us with a significant capacity to manage the continuing uncertain regulatory environment.

"We had completed 59% of our $2.5bn equity buy-back at 31 October. We expect to finish the programme by the end of 2016 or early in the first quarter of 2017, depending on market trading volumes in the fourth quarter."

skinny - 10 Nov 2016 10:19 - 280 of 327

Chart.aspx?Provider=EODIntra&Code=HSBA&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR5&MA=200;&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0

skinny - 15 Nov 2016 10:41 - 281 of 327

"V" bottom almost reversed - where now!

Goldman Sachs Neutral 642.45 675.00 675.00 Reiterates

driver - 15 Nov 2016 15:09 - 282 of 327

750 I hope..

Balerboy - 15 Nov 2016 18:11 - 283 of 327

Ditto driver. :)

CC - 24 Nov 2016 13:35 - 284 of 327

I am out of this now. It's been a very nice ride but I'm becoming nervous that it's too fast and the price is excessively supported by the weak pound.

I'll be happy to buy back in around 600 if I get the opportunity

skinny - 07 Dec 2016 11:10 - 285 of 327

680 will be tempting.

skinny - 18 Jan 2017 10:53 - 286 of 327

images?q=tbn:ANd9GcSm5cUz6xSx5JYDRXO3uFM

Balerboy - 18 Jan 2017 17:57 - 287 of 327

Why? Skinny, no more to go.....

Balerboy - 18 Jan 2017 18:09 - 288 of 327

" title="http:// Chart.aspx?Provider=EODIntra&Code=HSBA&S

">http://

Balerboy - 18 Jan 2017 18:10 - 289 of 327

Not broken out of top bollinger band yet.

HARRYCAT - 18 Jan 2017 19:06 - 290 of 327

By Pamela Barbaglia | DAVOS, SWITZERLAND
Two of Europe's biggest banks warned on Wednesday they could each move around 1,000 jobs out of London, in the clearest sign yet of how financial firms are preparing for disruption caused by Britain's exit from the European Union.

UBS Chairman Axel Weber said around 1,000 of the Swiss bank's 5,000 employees based in London could be affected by Brexit, while HSBC Chief Executive Stuart Gulliver said the bank will relocate staff responsible for generating around a fifth of its UK-based trading revenue to Paris.

Major financial firms warned for months before Britain's referendum on European Union membership in June that they would move jobs out of the country if there was a vote to leave, but have set out few details since on how many will go or where to.

"We will move in about two years time when Brexit becomes effective," the bank's Chief Executive Stuart Gulliver told Reuters at the annual meeting of the World Economic Forum.

And in another potentially damaging blow to London's status as Europe's main financial center, UBS's Weber told the BBC in Davos that 1,000 staff working in businesses that would be hit by Britain losing its 'passport' to sell financial services in Europe would be affected.

Other banks are expected to announce more concrete plans for how they will adapt to Brexit in the coming months after Prime Minister Theresa May confirmed in a speech on Tuesday that Britain would leave the European single market.

skinny - 19 Jan 2017 12:16 - 291 of 327

Exane BNP Paribas Outperform 672.65 - 750.00 Upgrades

Balerboy - 26 Jan 2017 08:31 - 292 of 327

Doing nicely this morning 683+

driver - 26 Jan 2017 08:41 - 293 of 327

Still on these from 452. Not bad.

Balerboy - 26 Jan 2017 09:42 - 294 of 327

Same here 456p

skinny - 26 Jan 2017 09:47 - 295 of 327

I'm an amateur @472p

700 is my 'new' 680p.

skinny - 07 Feb 2017 15:04 - 296 of 327

20+ month high @692.

skinny - 21 Feb 2017 06:41 - 297 of 327

Probably not the best start to the day!

HSBC's 2016 pre-tax profit slumps 62 percent; sets new $1 billion share buy-back

mitzy - 21 Feb 2017 07:55 - 298 of 327

Profits down 62% how did they do that.

driver - 21 Feb 2017 08:50 - 299 of 327

Who knows mystery of mysterys and the sp is at 666 not a good sign.

mitzy - 21 Feb 2017 19:41 - 300 of 327

How right you are finished at 666p.

skinny - 04 May 2017 08:42 - 301 of 327

Q1 2017 Earnings Release

1Q17 EARNINGS RELEASE - HIGHLIGHTS
Strategic execution

• Strong momentum in Asia with customer advances in the Pearl River Delta up 17% on 1Q16, new insurance sales up 13% and growth in assets under management of 15%.

• Achieved annualised run-rate savings of $4.3bn since inception, while continuing to invest in growth, and regulatory programmes and compliance. Incremental $0.4bn savings in 1Q17.

• Adjusted profit before tax growth in all three NAFTA countries. Lower LICs in the US and Canada; revenue growth in Mexico.

• Exceeded our RWA reduction target (FX rebased).

• Completed our $1.0bn share buy-back in April.
Stuart Gulliver, Group Chief Executive, said:
"This is a good set of results. The increase in adjusted profit was driven by strong performances in three of our four global businesses. Global Banking and Markets had a great quarter; Commercial Banking delivered higher revenue from our liquidity and cash management activities; and Retail Banking and Wealth Management was supported by rising interest rates and renewed customer investment appetite.
"In addition, we completed a $1bn buy-back, and made progress on our cost-saving programmes, giving us further confidence in our ability to hit the higher cost-saving target that we announced at our annual results."
Financial performance

• Reported profit before tax of $5.0bn down $1.1bn or 19%, primarily due to adverse movements in significant items including fair value movements on our own debt from changes in our own credit spread in 1Q16; adjusted profit before tax of $5.9bn, up $0.6bn or 12% compared with 1Q16, reflecting lower LICs and higher revenue.

• Reported revenue of $13.0bn was 13% lower primarily due currency translation differences and the absence of fair value movements on our own debt and revenue from the operations in Brazil that we sold, which were the key elements of the adverse movement in significant items; adjusted revenue of $12.8bn, up $0.3bn or 2%, mainly in RBWM from life insurance manufacturing and growth in current accounts, savings and deposits, and in GB&M from Rates and Credit.

• Reported operating expenses of $8.3bn were $0.1bn or 1% higher; adjusted operating expenses of $7.2bn were $0.2bn or 3% higher, mainly due to a credit in the prior year relating to the 2015 UK bank levy. Excluding this, inflation and continued investment in our regulatory and growth programmes were partly offset by the impact of our cost-saving initiatives.

• Adjusted jaws was negative 0.6%.

• Compared with 4Q16, reported profit before tax was up $8.4bn; adjusted profit before tax was up $3.3bn.

• Strong capital base with a common equity tier 1 ('CET1') ratio of 14.3% and a leverage ratio of 5.5%.

more....

Balerboy - 04 May 2017 08:53 - 302 of 327

Glad I bought some at 475p a little while ago.

skinny - 29 Jun 2017 08:24 - 303 of 327

Pop!

skinny - 29 Jun 2017 09:07 - 304 of 327

Morgan Stanley Overweight 717.80 745.00 850.00 Upgrades

skinny - 29 Jun 2017 15:26 - 305 of 327

A double top.

Balerboy - 29 Jun 2017 23:36 - 306 of 327

And my ave here is 475p...... very nice too.

skinny - 30 Jun 2017 07:57 - 307 of 327

JP Morgan Cazenove Neutral 716.95 690.00 690.00 Reiterates

Credit Suisse Neutral 716.95 630.00 630.00 Reiterates

Balerboy - 03 Jul 2017 08:17 - 308 of 327

On the up again. 724p

skinny - 25 Jul 2017 13:22 - 309 of 327

Approaching decision time?

Chart.aspx?Provider=EODIntra&Code=HSBA&S

Balerboy - 25 Jul 2017 22:32 - 310 of 327

Another 20p please sir.......

skinny - 26 Jul 2017 11:15 - 311 of 327

Closed my last S/B today, but still holding the shares for now.

skinny - 31 Jul 2017 05:58 - 312 of 327

HSBC says first-half profit rose 5 percent, announces up to $2 billion share buyback

skinny - 31 Jul 2017 07:45 - 313 of 327

2017 INTERIM RESULTS - HIGHLIGHTS

Strategic execution

• Delivered growth from our international network with a 7% increase in revenue from transaction banking products and a 17% rise in revenue synergies between global businesses.

• Achieved annualised run-rate savings of $4.7bn since our Investor Update in 2015, while continuing to invest in growth, and regulatory programmes and compliance. Incremental savings in 1H17 were $1.0bn.

• Targeted initiatives removed a further $29bn of RWAs in the first half of 2017. Exceeded our RWA reduction target; extracting a total of $296bn of RWAs from the business since the start of 2015.

• Obtained regulatory approval to establish HSBC Qianhai Securities; the first securities company in mainland China to be majority-owned by an international bank.

• Maintained momentum in Asian Insurance and Asset Management, with annualised new business premiums and assets under management up 14% and 17% respectively.

• Successfully achieved a non-objection to our US capital plan, as part of the Comprehensive Capital Analysis and Review ('CCAR').

Stuart Gulliver, Group Chief Executive, said:
"We have had an excellent first half of 2017, reflecting the changes we have made since our Investor Update in 2015 and the strength of our competitive position. Our three main global businesses performed well, increasing profit before tax and growing market share in many of the products that are central to our strategy. We remain on track to complete the majority of our strategic actions by the end of the year."

Financial performance

• Reported profit before tax of $10.2bn up $0.5bn or 5%, despite adverse movements in significant items including fair value movements on our own debt from changes in our own credit spread in 1H16; adjusted profit before tax of $12.0bn, up $1.3bn or 12% compared with 1H16, reflecting adjusted revenue growth and lower adjusted LICs.

• Reported revenue of $26.2bn down $3.3bn was 11% lower primarily due to currency translation differences, the absence of fair value movements on our own debt and revenue from the operations in Brazil that we sold, which were the key elements of the adverse movement in significant items; adjusted revenue of $26.1bn, up $0.8bn or 3%, mainly in RBWM from insurance manufacturing and growth in current accounts, savings and deposits, and in GB&M from FICC, as well as in Equities.

• Reported operating expenses of $16.4bn were $2.2bn or 12% lower due to a reduction in significant items including costs from the operations in Brazil that we sold, the write-off of goodwill in our GPB business in Europe in 1H16 and a reduction in settlement and provisions in connection with legal matters; adjusted operating expenses of $14.6bn were $0.4bn or 3% higher, in part due to a credit in the prior year relating to the 2015 UK bank levy, as well as investment in growth programmes, primarily in RBWM where investments were partly funded by one-off disposal proceeds.

• Adjusted jaws was positive 0.5%.

• Compared with 2Q16, reported profit before tax of $5.3bn up $1.7bn; adjusted profit before tax of $6.0bn up $0.7bn.

• Strong capital base with a common equity tier 1 ('CET1') ratio of 14.7% and a leverage ratio of 5.7%.

• The Board has determined to return to shareholders up to a further US$2bn by way of a share buy-back which is expected to commence shortly and complete in the second half of 2017. This takes announced buy-backs since the second half of 2016 to $5.5bn.

skinny - 31 Jul 2017 08:03 - 314 of 327

skinny - 31 Jul 2017 10:22 - 315 of 327

Goldman Sachs Neutral 762.80 - 770.00 Reiterates

Shore Capital Sell 762.80 - - Reiterates

skinny - 01 Aug 2017 07:55 - 316 of 327

Deutsche Bank Hold 755.00 695.00 737.00 Retains

skinny - 01 Aug 2017 10:41 - 317 of 327

JP Morgan Cazenove Neutral 760.85 690.00 690.00 Reiterates

Barclays Capital Equal weight 760.85 650.00 700.00 Reiterates

skinny - 01 Aug 2017 11:11 - 318 of 327

skinny - 10 Oct 2017 10:02 - 319 of 327

Credit Suisse Underperform 761.85 630.00 650.00 Downgrades

Stan - 30 Oct 2017 16:37 - 320 of 327

Third quarter profits up http://www.moneyam.com/action/news/showArticle?id=5722155

skinny - 30 Oct 2017 16:39 - 321 of 327

That's the wrong link Stan :-)

3Q17 Earnings Release

Strategic execution

• Completed 71% of the buy-back announced in July 2017, at 26 October

• Further $13bn of RWA reductions in 3Q17, bringing the total reduction since the start of 2015 to $309bn

• Achieved annualised run-rate savings of $5.2bn since our investor update, and remain committed to delivering positive adjusted jaws for 2017

• Continue to make good progress with actions to deploy capital and invest:

- Delivered growth from our international network with a 7% increase in transaction banking product revenue and a 14% rise in revenue synergies between global businesses compared with 9M16

-
Pivot to Asia generating returns and driving over 70% of Group adjusted profit in 9M17; 17% lending growth vs. 3Q16

- Lending growth in Guangdong of $1.1bn vs. 3Q16

- Maintained momentum in Asian Insurance and Asset Management, with annualised new business premiums and AuM up 13% and 17%, respectively, compared with 9M16

more.....

Stan - 30 Oct 2017 17:17 - 322 of 327

Thanks corrected.

skinny - 28 Nov 2017 09:08 - 323 of 327

Statement on the BoE 2017 stress test results

skinny - 13 Dec 2017 13:31 - 324 of 327

Toying with multi year highs.

skinny - 14 Dec 2017 08:24 - 325 of 327

Stan - 29 Oct 2018 08:00 - 326 of 327

3rd Quarter results https://www.moneyam.com/action/news/showArticle?id=6184622

skinny - 29 Oct 2018 08:23 - 327 of 327

Jefferies International Buy 631.10 950.00 Reiterates

Shore Capital Hold 629.00 Upgrades

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