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.

Royal Bank of Canada

Royal Bank of Canada (TSX:RY) (RBC) announced that it has entered into an agreement to purchase HSBC Bank Canada (HSBC Canada) for an all-cash purchase price of C$13.5 billion. HSBC Canada has C$134 billion in assets as of September 30, 2022, approximately 130 branches and 4,200 full-time equivalent staff.

Royal Bank of Canada to acquire HSBC Bank Canada for C$13.5B

British bank HSBC Holdings plc  (NYSE:HSBC) just inked a deal to sell its Canadian unit to the Royal Bank of Canada (RY) for roughly $10 billion in cash.

HSBC, Royal Bank of Canada Agree to $10 Billion Sale

Royal Bank of Canada unleashed a megadeal on Tuesday to pay C$13.5 billion ($10.1 billion) for the 130-branch Canadian unit of HSBC as it bulks up against its five Canadian rivals.

HSBC sells Canada unit to RBC in megabank deal

HSBC Holdings PLC (LSE:HSBA) suggested shareholders will get some bumper returns after it agreed to sell its Canadian business to Royal Bank of Canada for CA$13.5bn (US$10.1bn, £8.3bn) with the deal expected to complete in 2023. Shares in the FTSE 100-listed bank rose 4.3% as it estimated a pre-tax gain of $5.7bn on the deal.

HSBC sells Canadian arm to RBC, signals bumpers shareholder returns

RBC said deal, expected to close by late 2023, will enhance its competitiveness on global stage

HSBC Set to Sell Canadian Arm to Royal Bank of Canada for $10 Billion

Royal Bank of Canada RY, -2.24% RY, -1.19% said Tuesday it has reached an agreement to acquire HSBC Canada for C$13.5 billion ($10.1 billion) in cash. "This acquisition builds on our core domestic retail business and expands our international product capabilities," said Neil McLaughlin, Group Head, Personal & Commercial Banking, RBC.

Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.

HSBC eyes bumper dividend from $10 bln sale of Canada business to RBC

LONDON--( BUSINESS WIRE )--HSBC Holdings plc (the ‘Company') announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada') to Royal Bank of Canada (‘RBC'), subject to regulatory and governmental approvals, (the ‘Transaction').

HSBC Agrees to Sell Its Business in Canada to Royal Bank of Canada

HSBC has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

HSBC: Strong Industry, Solid Earnings Estimate Revisions

HSBC Holdings plc will deliver good results for 2022 with big jump in earnings from the higher interest rate margins. The share price is still held back as investors are cautious about investing in Hong Kong and China.

HSBC: Benefits From Higher Interest Rates But The Share Price Stays Put

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. LONDON , Nov. 15, 2022 /PRNewswire/ -- HSBC Bank plc (the "Issuer") announces today the results of its invitation to the holders of: (a) the GBP 300,000,000 6.500 per cent.

HSBC BANK PLC ANNOUNCES RESULTS OF TENDER OFFERS TO PURCHASE NOTES FOR CASH

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The strength in the economy indicates that Fed actions will continue, so it's better to go for safer stocks.

Is It Time to Dive Back into Stocks?

Should investors be excited or worried when a stock crosses above the 50-Day simple moving average?

HSBC (HSBC) Crossed Above the 50-Day Moving Average: What That Means for Investors

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

HSBC (HSBC) Just Overtook the 20-Day Moving Average

Ping An Insurance says it would support splitting up the banking giant to boost its flagging share price.

HSBC's Top Shareholder Steps Up Pressure for Big Revamp

Ping An Insurance Group Co of China Ltd

HSBC Holdings PLC (LSE:HSBA)'s largest shareholder Ping An has publicly called for the London-based bank to spin off its Asia business and also urged it to cut its costs aggressively.  In a statement, Ping An Asset Management said HSBC “should be much more aggressive in radically reducing its costs”, for example by cutting manpower.

HSBC shareholder Ping An urges 'aggressive' cost cuts and publicly calls for spin-off of Asia business

HSBC (LON: HSBA) share price popped to the highest level since October 21. It was trading at 475p, which was about 9.50% above the lowest level since October 26.

HSBC share price outlook as Ping An pressure mounts

HSBC Holdings' largest shareholder Ping An has urged the lender to cut costs aggressively and exit sub-scale non-Asian markets as the Chinese financial conglomerate pushes harder for the bank to spin off its Asia business.

HSBC top shareholder Ping An urges aggressive cost cuts, renews spin-off push

HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375% effective Nov. 4 after the city's de facto central bank raised the base rate charged through its overnight discount window by 75 basis points.

HSBC raising best lending rate to 5.375% after Hong Kong rate hike

The bank's board was unwilling to provide timing of a change or an assurance that he would get the job, according to people familiar with the matter.

HSBC Finance Chief Sought Top Job Before Surprise Resignation

Canadian Imperial Bank of Commerce

Bank of Montreal

National Bank of Canada and Canadian Imperial Bank of Commerce (CIBC) have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing the deal, according to a report in The Globe and Mail newspaper.

HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

HSBC Holdings PLC (LSE:HSBA) has listed two ESG-focussed ETFs on the London Stock Exchange, with plans to release more in the coming weeks amid the prolonged greenwashing controversy. The ETFs include restrictions that require companies to derive less than 2.5% of revenue from thermal coal, as well as excluding controversial weapon manufacturers.

HSBC offers ESG-focused ETFs after greenwashing slam

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is HSBC (HSBC) Stock Undervalued Right Now?

HSBC's numbers yesterday have caused some head-scratching at Canadian bank RBC, which despite assuming that changes to guidance meant a 4% upgrade to next year's profits has cut its own forecasts. Shares in HSBC also took a heavy hit yesterday, which RBC attributes to a combination of the departure of the CFO and possible cost implications, worries over Chinese property and lower loan growth guidance.

HSBC still favoured at RBC despite guidance confusion

Barclays

Stronger profits from Barclays PLC (LSE:BARC), HSBC Holdings PLC (LSE:HSBA), Standard Chartered PLC and their European peers have raised the prospects of potential bank windfall taxes in the UK and on the continent.  The UK's new chancellor of the exchequer is expected to reverse the planned decrease in the bank surcharge when he delivers his delayed fiscal statement, which was today confirmed for 17 November rather than 31 October as had been planned.

News for HSBC Holdings Stock (HSBC)