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.

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

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

Nice chart. Im holding here from 452p

Me too.

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."

"V" bottom almost reversed - where now!

Goldman Sachs Neutral 642.45 675.00 675.00 Reiterates

750 I hope..

Ditto driver. :)

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

680 will be tempting.

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

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Not broken out of top bollinger band yet.

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.

Exane BNP Paribas Outperform 672.65 - 750.00 Upgrades

Doing nicely this morning 683+

Still on these from 452. Not bad.

Same here 456p