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.

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.

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.

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

how much is divi?

Corrected on edit.

14¢ payable May 2nd.

they pay tomorrow if you hold in CFD account.

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?

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!

Be it upon your own head then

Happy Harry ?

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

Yes - sorry - I'll correct it retrospectively.

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

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

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

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

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

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

Nomura retains it's Buy TP 650.00

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.

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