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.

            Red = 25 day moving average.           Green = 200 day moving average.

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.

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.

Bang on the 200ma.

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

And it is not started to move yet.
800 soon

660 has proven pivotal in the past.

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

A dabble @658.

Overseas Regulatory Announcement

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

Hmmm - in auction +9.8%.

I guess that was the cause of the FTSE spike.

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.

Canaccord Genuity Buy 630.10 654.20 825.00 750.00 Retains

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

Numis Add 628.95 635.70 760.00 760.00 Reiterates

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.

Macquarie Outperform 630.65 800.00 720.00 Reiterates

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.

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.

Interim Results 4th August.

Ahoj - old news - Investor relations