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

Earnings data Q2 2021

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Earnings data Q4 2023

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Earnings data Q4 2024

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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.

Focus on the Asia region, restructuring initiatives and a robust capital position are likely to support HSBC's financials. However, rising costs and lower revenue generation are headwinds.

HSBC Rides on Asia-Focused Strategy, Rates Amid Rising Costs

HSBC is on track to meet a target of expanding its China wealth business headcount to 3,000 by 2025, despite the country's current economic headwinds, as it bets on a steadily rising number of the extremely affluent, a senior executive said.

HSBC on track to meet China wealth hiring target despite economic headwinds

HSBC announces plan to launch a new digital assets custody service for institutional clients in 2024.

HSBC to Offer Custody Services for Tokenized Securities

HSBC aims to further expand personal banking in India to serve the country's fast-growing pool of high-earning professionals, after the launch there in July of its private bank, its India CEO said on Thursday.

HSBC to build large personal banking business in India - country CEO

HSBC said it is launching custody services for storing tokenized securities, digital versions of regulated assets like bonds that exist on the blockchain.

HSBC to launch storage services for tokenized securities as more big banks warm to blockchain

HSBC Holdings PLC (LSE:HSBA) is working with Ripple Labs-owner financial technology firm Metaco to offer institutional clients of the bank custody services for digital assets and tokenised securities on the blockchain. It follows news that FTSE 100-listed HSBC intends to tokenise the ownership of physical gold in a push to simplify gold trading through the bank's single-dealer platform.

HSBC taps Ripple's Metaco for blockchain custody services

Ping An, China's second-largest insurance group, has denied being asked by the Chinese government to rescue beleaguered property group Country Garden. A story from Reuters this morning suggested talks had been going on since August about a state-engineered restructuring of the property developer that would see Ping An take a controlling stake.

HSBC's largest shareholder tipped to bail out Country Garden

HSBC plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday.

HSBC plans custody service for non-crypto digital assets

NEW YORK--(BUSINESS WIRE)--Click Therapeutics today announced that it has secured $20 million debt financing from HSBC.

Click Therapeutics Secures $20 Million Debt Financing from HSBC

Royal Bank of Canada

The finance committee of Canada's House of Commons lower chamber has asked Ottawa to reject Royal Bank of Canada's C$13.5 billion acquisition of HSBC's domestic unit, citing the lack of competition in the country's financial sector.

Canada Parliament panel asks Ottawa to reject RBC, HSBC unit deal

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HSBC Holdings Plc, one of the world's top bullion banks, has announced the launch of a platform that utilizes distributed ledger technology (DLT) to tokenize the ownership of gold held in its London vault as it looks to help usher in the digital age for the London gold market.

HSBC launches tokenized gold platform for the London gold market

(Kitco News) - HSBC and Ant Group have announced the successful completion of a trial exploring the feasibility of tokenized deposits in a sandbox arranged by the HKMA.

HSBC and Ant Group successfully test blockchain-based tokenized deposit system

HSBC's net profit after taxes decreased in Q3 of 2023, but has more than doubled in the first 9 months of the year compared to last year. The bank's cost efficiency has significantly improved, and its estimated credit losses have increased slightly. HSBC is returning capital to shareholders through dividends and share buybacks, and has potential for growth in earnings through economic integration and wealth management.

HSBC Should Be Able To Grow Earnings Even If NIM Has Peaked

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HSBC, CPG and FLS made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 31, 2023.

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Start Time: 03:45 January 1, 0000 4:52 AM ET HSBC Holdings plc (NYSE:HSBC ) Q3 2023 Earnings Conference Call October 30, 2023, 03:45 AM ET Company Participants Noel Quinn - Group CEO Georges Elhedery - Group CFO Richard O'Connor - Global Head, IR Conference Call Participants Aman Rakkar - Barclays Joseph Dickerson - Jefferies Jason Napier - UBS Gurpreet Singh Sahi - Goldman Sachs Manus Costello - Autonomous Raul Sinha - JPMorgan Perlie Mong - KBW Robert Noble - Deutsche Andrew Coombs - Citigroup Operator Good morning, ladies and gentlemen, and welcome to the Investor and Analyst Conference Call for HSBC Holdings plc's Q3 2023 Results. For your information, this conference is being recorded.

HSBC Holdings plc (HSBC) Q3 2023 Earnings Call Transcript

Ping An Insurance Group Co of China Ltd

The net interest margin party is not over for every big bank in the FTSE 100 lot. HSBC Holdings PLC (LSE:HSBA)'s third quarter was a strong one in most respects, with revenues increasing 40% yearly to $16.2 billion and pre-tax profit rising by $4.5 billion to $7.7 billion (though this was partially due to a 2022 impairment hit).

HSBC seeks to satisfy Ping An with buybacks and penny pinching

HSBC Holdings on Monday said it's earmarking an extra $300 million for performance-related pay, as the bank reported a big surge in third-quarter profit.

HSBC sets aside $300 million extra for performance pay and $3 billion for stock buybacks

Higher revenues driven by an increase in net interest income support HSBC Holdings (HSBC) Q3 pre-tax earnings.

HSBC Stock Up as Q3 Pre-Tax Earnings Jump on Higher Revenues

HSBC reports strong Q3 results with a 40% YoY growth in revenue and over 100% jump in pre-tax profits. The bank announced a new share buyback program worth $3 billion, bringing its TTM equity distributions to $15 billion. HSBC's stock is rated as a "Strong Buy" due to its strong earnings, substantial returns to shareholders, and low valuation.

HSBC: ~10% Yield May Be The New Normal

HSBC Holdings PLC (LSE:HSBA) reported strong growth in revenue and profit in the third quarter alongside plans for a new $3 billion share buy-back. The Asia-focused bank said pre-tax profit in the quarter ended September 30, rose by $4.5 billion to $7.7 billion, reflecting the positive impact of higher interest rates and the $2.1 billion reversal of an impairment relating to the sale of its French business.

HSBC launches $3 billion buyback as revenue soars

HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year.

HSBC post-tax profit surges over 235% year-on-year for quarter ending September

HSBC Holdings reported a 240% increase in third-quarter pre-tax profit on Monday as higher interest rates boosted profitability, although it missed market estimates.

HSBC Q3 pre-tax profit more than doubles but misses estimates

VANCOUVER, British Columbia--(BUSINESS WIRE)-- #Banks--Linda Seymour, President and Chief Executive Officer of HSBC Bank Canada1, said: “Performance in the third quarter remained resilient. Core business activity remained strong with increased average loan and deposit balances positively impacting the quarter. Total operating income dropped slightly compared to the third quarter of 2022 due to the impact of higher cost of liabilities from rising interest rates and more challenging market conditions. Tot.

HSBC Bank Canada Third Quarter 2023 Results

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