0005.HK - HSBC Holdings plc
| Previous close | 58.750 |
| Open | 58.750 |
| Bid | 58.800 x 0 |
| Ask | 58.850 x 0 |
| Day's range | 58.500 - 59.100 |
| 52-week range | 38.500 - 60.850 |
| Volume | |
| Avg. volume | 18,342,186 |
| Market cap | 1.178T |
| Beta (5Y monthly) | 0.59 |
| PE ratio (TTM) | 6.66 |
| EPS (TTM) | 8.840 |
| Earnings date | N/A |
| Forward dividend & yield | 3.29 (5.61%) |
| Ex-dividend date | 11 May 2023 |
| 1y target est | 69.96 |
Sky NewsHSBC opts for Innovation in rebranding of Silicon Valley Bank UK
HSBC will next month unveil a new name for the technology-focused bank it rescued earlier this year after its US parent collapsed. Sky News has learned that Europe's biggest lender intends to rebrand Silicon Valley Bank UK (SVBUK) under the name HSBC Innovation Banking. One tech veteran said it may stoke concerns among entrepreneurs that by bringing SVBUK under the HSBC brand, the new subsidiary was at risk of surrendering the operational independence that had made it a distinctive presence in the SME banking market.
ZacksBank of America (BAC) May Face Benefit Card Fraud Lawsuit
Per the U.S. District Judge Larry Alan Burns, cardholders must file a lawsuit against Bank of America (BAC) for its violation of state law by issuing cards, without standard security measures, to millions of people in California in 2020.
ZacksHSBC, Citi, 3 Others Likely to be Fined for UK Bond Collusion
Citi (C), Deutsche Bank (DB), HSBC, Morgan Stanley (MS) and Royal Bank of Canada (RY) have allegedly conspired in chat rooms to swap sensitive information on UK bonds between 2009 and 2013.
ZacksHSBC Mulls Exit From 12 Countries to Focus on Asia Business
HSBC weighs exits from roughly 12 countries as part of its strategy to further bolster presence in the Asia region.
ZacksBank of Montreal (BMO) Stock Down 4.6% as Q2 Earnings Fall Y/Y
The acquisition of Bank of the West supports Bank of Montreal's (BMO) fiscal Q2 results as revenues increase. Yet, higher expenses and provisions act as headwinds.
- Zacks
HSBC, Scotiabank (BNS) Win Silver-Price-Fixing Lawsuit Dismissal
The lawsuit by investors against HSBC and Scotiabank (BNS) over silver-price-fixing has been dismissed by a U.S. judge in Manhattan.
The GuardianMajor banks shared sensitive bonds information in online chats, CMA finds
Traders at five banks found to have discussed British government bond trading between 2009 and 2013
ReutersHSBC puts global footprint under fresh scrutiny, considers dozen exits
LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from Chinese shareholder Ping An Insurance, which wants HSBC to prioritise growth in Asia, where the British bank generates 78% of its total profit. "Some of these will have slower progress than others, and none of them is material enough on its own to change the profile of the overall business, but as we progress through and execute on these assessments, we do expect them to contribute towards that shift to Asia," Elhedery said, declining to disclose which markets were under review or the time frame.
Fool.co.ukHSBC shares yield 5.5%. Are they worth buying?
Jon Smith explains why the dividend outlook for HSBC shares has improved, and what this could mean for income investors now. The post HSBC shares yield 5.5%. Are they worth buying? appeared first on The Motley Fool UK.
ReutersFirst Citizens sues HSBC for hiring away Silicon Valley Bank staff
(Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank's employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so it could gain access to Silicon Valley Bank's (SVB) trade secrets including information about clients in the tech and healthcare sectors. First Citizens in the lawsuit said it is seeking more than $1 billion in damages.
- Zacks
Zacks Investment Ideas feature highlights: SPDR S&P Regional Banking ETF and HSBC
SPDR S&P Regional Banking ETF and HSBC have been highlighted in this Investment Ideas article.
- Zacks
This Large-Cap Bank Is Separating Itself from the Herd
This stock is outpacing the market, returning north of 28% this year alone.
The TelegraphWhy investing with your bank could be an expensive mistake
One of the first and most important questions you need to ask yourself before you start investing is which platform you should trust with your nest egg.
ZacksGoldman Sachs (GS) Fined by ECB for Faulty Risk Reporting
Goldman's (GS) credit risk reporting errors and miscalculation of its RWAs, as flagged by the ECB, highlight deficiencies in its internal controls.
ZacksWells Fargo (WFC) to Pay $1B for Shareholders' Class-Action Suit
Wells Fargo (WFC) agreed to pay $1 billion related to a shareholder lawsuit accusing it of overstating progress on resolving its 2016 fake account scandal.
Sky NewsHSBC to unveil shake-up of Silicon Valley Bank UK board
HSBC is shaking up its new subsidiary, Silicon Valley Bank UK (SVBUK), by appointing a trio of senior figures as directors, two months after acquiring the US-owned lender in a £1 rescue deal. Sky News has learnt that HSBC will announce on Tuesday that John Hinshaw, group chief operating officer; Stuart Tait, head of UK commercial banking; and Mridul Hegde, an independent director of HSBC's UK bank are joining the SVBUK board. The boardroom overhaul comes two months after HSBC swooped to buy the British arm of California-based Silicon Valley Bank in an emergency deal orchestrated by the Bank of England.
BloombergTurkish Markets Slump as Bets on Return to Orthodoxy Unravel
(Bloomberg) -- Turkey’s markets slid as the nation heads for a runoff election, with stronger-than-expected support for President Recep Tayyip Erdogan wrong footing investors who were betting on a quick end to his unconventional economic policies.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan F
ZacksUnits of HSBC Agree to Pay $75 Million to Settle CFTC's Charges
The CFTC has charged units of HSBC for manipulative and deceptive trading, and record-keeping failures.
Fool.co.ukShould investors buy HSBC shares today?
HSBC shares are outperforming other UK-listed bank stocks in 2023. Edward Sheldon looks at whether they're worth buying today. The post Should investors buy HSBC shares today? appeared first on The Motley Fool UK.
BloombergHong Kong Mortgage Battle Sees Banks Go Big on Cash Handouts
(Bloomberg) -- Fierce competition for new mortgage customers is driving banks in Hong Kong to offer the highest cash rebates in nearly two decades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesThe deals — offered as a percentage of the principal loan amount — ramped up from about 1.3%
Fool.co.ukIf I’d invested £1k in HSBC shares 5 years ago, here’s how much I’d have now!
HSBC shares have made a promising start to 2023, but what return did shareholders in the FTSE 100 bank make over five years? Our writer investigates. The post If I’d invested £1k in HSBC shares 5 years ago, here’s how much I’d have now! appeared first on The Motley Fool UK.
Fool.co.uk7.4% and 6% yields! A FTSE 100 dividend stock I’d buy and one I’d avoid
These FTSE stocks offer huge dividend yields and trade on rock-bottom earnings multiples. But I'll only buy one when I have spare cash to invest. The post 7.4% and 6% yields! A FTSE 100 dividend stock I’d buy and one I’d avoid appeared first on The Motley Fool UK.
ReutersHSBC to pay $75 million in penalties to settle U.S. CFTC charges
NEW YORK (Reuters) -Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator said on Friday. HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive trading in connection with swaps, spoofing and record-keeping failures, CFTC said in a statement. HSBCA Bank USA, HSBC Bank Plc and HSBC Securities admitted to charges related to record-keeping and supervision failures and agreed to pay $30 million to settle them, the regulator said in a separate statement.
PA Media: MoneyHSBC fined £12m by US authorities over record-keeping failures
The US Securities and Exchange Commission charged the London-listed bank over ‘widespread and longstanding failures’.
ReutersHSBC, Scotiabank hit with US penalties over employees' use of personal devices
WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees' use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators. HSBC Securities Inc agreed to pay $15 million to settle U.S. Securities and Exchange Commission (SEC) charges.