|Bid||728.00 x 200000|
|Ask||740.00 x 372700|
|Day's range||728.70 - 740.70|
|52-week range||696.90 - 749.90|
|PE ratio (TTM)||15.21|
|Earnings date||30 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||0.38 (5.32%)|
|1y target est||10.21|
The first quarter of 2018 was a rollercoaster for investment banks, involving record highs for stocks, the biggest bout of market volatility in years and the strongest ever start to a year for merger and acquisition activity. It was a challenging period for the top U.S. and European banks alike. While equity trading was highly and surprisingly lucrative, two familiar trends were clear: U.S. banks lording it over European banks, and shrinking bond trading activity.
Britain's Paragon Banking Group cautioned on Thursday that the domestic mortgage market remains subdued, even as a surge in lending volumes helped the lender post a 4.7 percent rise in profit for the first half of the year. Paragon (IOB: 0NFG.IL - news) said the UK housing and mortgage market remains "finely balanced" with "subdued" activity and historically low levels of growth in house prices. The Royal Institution of Chartered Surveyors' (RICS) house price balance -- a closely-watched gauge of British house prices -- fell to its lowest level since 2012 in April.
HSBC Holdings Plc is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG, the German lender which is making deep cuts to its own global operations. HSBC has hired Deutsche Bank’s Isabella Kwok as a managing director for Asian equity sales with a China focus, according to people familiar with the matter, asking not to be identified because the move hasn’t been announced.
Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the U.S. energy sector and commodity indices, consultancy Coalition said on Thursday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector climbed to $1.2 billion (£898.4 million), the financial industry analytics firm said in a report. "Significantly higher U.S. power and gas results were driven by improved market conditions and some one-off transactions," Coalition said.
Norway's $1 trillion (£748.91 billion) wealth fund voted against a motion at Shell's (RDSa.L) annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas (BNPP.PA) and HSBC (HSBA.L), had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. Tuesday's motion was opposed by 95 percent of the company's investors on Tuesday, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Norway's $1 trillion wealth fund voted against a motion at Shell (LSE: RDSB.L - news) 's annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas (LSE: 0HB5.L - news) and HSBC , had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. Tuesday's motion was opposed by 95 percent of the company's investors on Tuesday, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to set climate targets. ...
Omnicom agency PHD has won the global media-buying account for HSBC Holdings PLC, according to people familiar with the matter, dealing another blow to rival WPP. The review, which was conducted by consultant ID Comms on behalf of HSBC, came after the bank hired a new chief marketing officer, a move that often leads to a change in agency roster. Last year, HSBC hired Leanne Cutts, a former marketing executive from Mondelez, as its chief marketing officer.
HSBC Private Banking Chief Investment Strategist, Jose Rasco, gives his views on emerging markets. He speaks with Betty Liu and Yvonne Man on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
The FTSE hit another record high on Monday as an easing in U.S.-Chinese trade tensions and a strengthening dollar gave more fuel to the internationally-exposed index. The index of Britain's biggest companies (.FTSE) ended the session up 1 percent, hitting a new record high of 7,868.12 points. The mid-cap FTSE 250 (.FTMC) also hit a record of 21,151.32 points, up 0.7 percent.
Britain's FTSE 100 hit another record high on Monday as an easing in U.S.-Chinese trade tensions and a strengthening dollar gave more fuel to the internationally-exposed index. The mid-cap FTSE 250 also hit a record of 21,151.32 points, up 0.7 percent. The FTSE 100 has gained nearly 5 percent so far this month.
HONG KONG, May 21 (Reuters) - Deutsche Bank AG said on Monday that David Lynne, its Asia Pacific chief for fixed-income and currencies, will also take on the role of head of its global transaction banking ...
After an almost 20-year drought in mergers and acquisitions among lenders in Saudi Arabia, a new deal may spur activity in the Middle East’s biggest economy. HSBC Holdings Plc affiliate Saudi British Bank, or SABB, is set to take over Alawwal Bank that’s backed by Royal Bank of Scotland Group Plc in a $5 billion stock deal. The merger will reaffirm HSBC’s position in the kingdom and may offer international lenders some insight on how to approach Saudi Arabia, which is opening up to overseas investment, but still blocks foreign control of banks.
Lloyds Banking Group has sold its Irish residential mortgage portfolio to Barclays (Swiss: BARC.SW - news) for around 4 billion pounds ($5.4 billion) in cash, as part of a plan to focus on its core British market. The deal was the last action Lloyds needed to take to complete its exit from the Irish market, following its closure of its retail banking operation there in 2010. Lloyds is left only with around 4 billion pounds worth of additional Irish mortgages that it will allow to expire over time.
HSBC Holdings Plc, the British bank that earns the largest share of its revenue from Asia, has promoted Rajeev Sahney to head Asia-Pacific advisory and corporates, people familiar with the matter said. Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors, the people said, asking not to be named as the details aren’t public. Jason Rynbeck, who was previously head of mergers and acquisitions for the region, has been named the Asia-Pacific chairman for that business and vice chairman of global banking, the people said.
May 17 (Reuters) - Britain's FTSE 100 index is seen opening down 4 points at 7,730 on Thursday, according to financial bookmakers. * ROYAL MAIL: New chief executive of Royal Mail, Rico Back, has been paid ...
HSBC Holdings Plc’s Saudi Arabia unit offered to pay a 29 percent premium to acquire Royal Bank of Scotland Group Plc’s local venture in a $5 billion stock deal. Bloomberg's Matthew Martin reports on "Bloomberg ...
May 16 (Reuters) - SAUDI BRITISH BANK: * ANNOUNCES LATEST DEVELOPMENTS IN RELATION TO ITS PROPOSED MERGER WITH ALAWWAL BANK * CONFIRMS THAT DISCUSSIONS IN RELATION TO POSSIBLE MERGER ARE AT AN ADVANCED ...
HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s banking affiliates in Saudi Arabia reached an initial agreement on the terms of a possible merger. Alawwal Bank, which is 40 percent owned by RBS, and Saudi British Bank reached a preliminary, non-binding agreement on the share exchange ratio, according to a statement on the Saudi stock exchange on Wednesday. The deal would mark Saudi Arabia’s first bank merger for almost 20 years and will create an entity with about $73 billion in assets.
HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in a $5 billion stock deal. The deal would make SABB the country’s third-biggest lender.
May 16 (Reuters) - ALAWWAL BANK: * ANNOUNCES THE LATEST DEVELOPMENTS IN RELATION TO PROPOSED MERGER WITH THE SAUDI BRITISH BANK (SABB) * CONFIRMS THAT DISCUSSIONS IN RELATION TO POSSIBLE MERGER WITH SAUDI ...
HSBC and ING on Monday said they have carried out the first live trade-finance transaction on a blockchain platform, for a soybean shipment from Argentina to Malaysia.
HSBC Holdings PLC: * HSBC APPOINTS BORJA AZPILICUETA AS GLOBAL HEAD OF FINANCIAL SPONSORS GROUP Source text for Eikon: Further company coverage: