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.

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

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.

Yum yum!

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.

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

Final Results Monday 23rd February.

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.

AGM Statements

AGM Statements

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.