HSBC Holdings

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The Retail Banking and Wealth Management segment consists of retail banking, wealth management, asset management, and insurance. The Commercial Banking segment offers banking products and services. The Global Banking and Markets segment includes transaction banking, financing, advisory, capital markets, and risk management services. The Global Private Banking offers transaction banking, financing, advisory, capital markets and risk management services to high net worth individuals and families. The Corporate Centre segment is comprises of central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy. The company was founded on January 1, 1959 and is headquartered in London, the United Kingdom.

Earnings data Q1 2021

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Founded in 1865 to finance trade between Asia and the West, today HSBC is one of the world’s largest banking and financial services organisations serving around 46 million customers. Their aim is to be acknowledged as the world’s leading and most respected international bank.

HSBC can offer investors some pleasant surprises in 2024, according to US bank Jefferies, which forecasts buybacks, special and ordinary dividends will amount to 35% of the current market cap by 2025.  Sales of both the Canadian and French businesses have given the bank a clean slate for the current year, with a special dividend of US$0.21 per share expected in the first half of this year.

HSBC to hand back 35% of current value predicts Jefferies

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In December 2023 - January 2024, Barron's/Fortune analysts-reporters combined to list three sets of stocks: (1) Top 100 of first-ever Euro Fortune 500; (2) 13 Inflation-Proof 2024 stocks; (3) Barron's 10 Favorites for 2024. Those three articles revealed 98 equities, with 84 paying dividends, and focused on every sector, except real estate. The stocks ranged from 0.03% to 45.15% in annual yield and ranged -95.60% to 194.10% in one-year price target upsides per broker analysts.

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Minutes from the last Federal Open Market Committee meeting released Wednesday showed that the central bank expected to make interest rate cuts this year but hadn't seriously deliberated on the timing or magnitude of them.

HSBC warns another ‘reverse Goldilocks' may soon hit stocks and junk bonds

In sync with its plan to become a leading financial institution for internationally mobile customers, HSBC Holdings (HSBC) will launch a global money-transfer app, Zing, in the coming days.

HSBC Holdings (HSBC) Plans to Launch Global Payments App Zing

Wise PLC (LSE:WISE) chief executive Kriso Käärmann gave a sneak peak into January's UK Hidden Fees Report, citing HSBC Holdings PLC (LSE:HSBA) as joint first with NatWest as the most expensive bank – and the least transparent – for foreign exchange transactions. Käärmann disclosed the findings on Twitter/X after HSBC announced its potential Wise foreign exchange competitor Zing.

HSBC is the most expensive bank for hidden fees, says Wise

HSBC is reportedly readying a global payments app to take on companies like Wise and Revolut. Dubbed Zing, the app will first be offered in Great Britain, though the CEO of the bank's personal banking operation told Bloomberg News on Tuesday (Jan.

HSBC Prepares to Debut Global Payments App Zing

HSBC completes the divestiture of its French retail banking business. The company will continue to provide wealth and private banking businesses in the country.

HSBC Wraps Up Sale of France-Based Retail Banking Business

HSBC has thrown its hat in the foreign exchange ring with the announcement of Zing, a forex app aimed squarely at a market dominated by disruptive tech platforms Wise PLC (LSE:WISE) and Revolut. Disclosed in a recent interview with Bloomberg, Zing will be available via Apple's App Store and Google Play this Wednesday “Zing has a global ambition,” HSBC's chief executive Nuno Matos said in an interview, adding: “We want to establish ourselves as a global platform for international payments, which ties perfectly with our international payments strategy for HSBC and you should see us very soon in Asia, in the Middle East and in EU markets.

First look at HSBC's Wise competitor Zing

HSBC Holdings PLC (LSE:HSBA) has announced the sale of its French retail banking business several years after the deal was originally proposed. My Money Group subsidiary Crédit Commercial de France has now acquired the business, HSBC said on Monday, with the deal having originally been floated in June 2021.

HSBC completes delayed sale of French retail business

HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF, a subsidiary of My Money Group, the British lender said in a statement on Monday.

HSBC completes sale of retail banking business in France

PARIS--(BUSINESS WIRE)--Regulatory News: Further to our announcements of 18 June 2021 and 14 June 2023, HSBC Continental Europe (‘HBCE') has completed on 1 January 2024 the sale of its retail banking business in France (the ‘Transaction‘) to CCF, a subsidiary of Promontoria MMB SAS (‘My Money Group'). My Money Group and CCF are under the control, directly or indirectly, of funds and accounts managed or advised by Cerberus Capital Management L.P. As the Transaction also included the sale by HBCE.

HSBC Continental Europe: Completion of the Sale of Retail Banking Business in France, Including the Sale of HSBC SFH (France)

HSBC's proposed divestiture of the Canadian business to Royal Bank of Canada (RY) receives final approval.

HSBC's Deal to Divest Canadian Business Gets Conditional Nod

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A recent analysis by British fund manager Janus Henderson (NYSE: JHG ) found that U.S. stocks are on track for record dividend payments in 2023. 98% of companies are holding their payouts steady or raising them in the third quarter alone.

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HSBC Holdings PLC (LSE:HSBA) expects the $13.5 billion sale of its Canadian operations to the Royal Bank of Canada (TSX:RY) (RBC) to close in the first quarter of 2024 after the transaction won the approval of Finance Minister Chrystia Freeland on Thursday, a key final step after the deal got the go-ahead from the Competition Bureau in September. Per the terms of the transaction, RBC cannot fire any of HSBC Canada's 4,000 employees within the first six months of the closing date and banking services must continue to be provided at a minimum of 33 HSBC branches.

HSBC anticipates closing sale of Canadian operations to RBC in early 2024

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Dec 21 (Reuters) - Canada on Thursday approved Royal Bank of Canada's (RY.TO) C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's (HSBA.L) domestic unit, in a deal that would further tighten the country's top lenders' grip on the market.

Royal Bank of Canada gets nod for $10 bln purchase of HSBC unit

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BRUSSELS, Dec 20 (Reuters) - The EU's General Court on Wednesday upheld EU fines imposed in 2016 on banks JPMorgan Chase and HSBC for their alleged participation in a cartel to manipulate the price of the Euribor financial benchmark.

EU court upholds Euribor fines for JPMorgan Chase, HSBC, trims C.Agricole fine

HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock markets for wealthy clients, the bank said on Tuesday.

HSBC adds US stock analysts to serve wealthy clients

HSBC has had a successful year with strategic moves in India and China, leading to a rise in stock value. The dividend yield has consistently increased, with HSBC having the highest dividend yield among its peers at 5.07%. HSBC's total returns have been impressive, outperforming the S&P 500 and showing potential for future growth.

A Fresh Take On HSBC Heading Into 2024: The Big Bank Continues To Make For An Attractive Investment Case

HSBC is looking for mergers, along with the disposal of unprofitable units in Asia, as part of its plan to expand its footprint in the region and serve its wealthy clients.

HSBC to Further Engage in Mergers, Disposals for Asia Expansion

The United States on Tuesday imposed sanctions on Russia's Expobank, the proposed buyer of HSBC's local unit, a move that could complicate the British lender's long-awaited departure from Russia.

US sanctions Expobank, proposed buyer of HSBC's Russian business

HSBC is going to pay out handsome amounts to shareholders for the next few years at least, according to the analysts at US peer Bank of America. BoA sees scope for US$23bn shareholder payouts this year (2023) from HSBC normalising to US$16bn in the following twelve months, which is still the equivalent of an 11% ongoing yield.

HSBC 'compelling' and underpinned by cash handouts, saggests BoA

The Chinese economy still has a "steep hill to climb" despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC's chief Asia economist.

China's economy has a 'steep hill to climb' despite positive export surprise, HSBC says

HSBC has completed what it says is the world's first trial of a tool designed to protect highly sensitive financial data from cyber criminals seeking to harness the power of next-generation quantum computers to launch future attacks.

HSBC tests protecting FX trading from quantum computer attacks

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Abu Dhabi will host the newly launched Global Climate Finance Centre in partnership with nine founding members including the World Bank, lender HSBC and asset managers BlackRock and Ninety One.

COP28: Abu Dhabi teams up with HSBC, others on climate finance think-tank

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Dividend payments are on the rise. The U.S. stock market saw an increase in dividend payouts during this year's third quarter, according to an analysis by S&P Dow Jones Indices.

News for HSBC Holdings Stock (HSBC)