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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Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Barclays

Barclays lent most to fossil fuel firms in 2023 of the UK banks, but its activities were dwarfed by US, Chinese and Japanese banks, a new report has found. Rainforest Action Network said the world's 60 largest lenders provided $705bn in financing in 2023.

Barclays and HSBC largest UK lenders to fossil fuel businesses

NVIDIA

Shares of Nvidia Corp. were headed higher in premarket trading Monday as HSBC analyst Frank Lee said that, despite their continued big rally this year, investors are still significantly underestimating the earnings potential artificial intelligence can play.

Nvidia's stock can soar 50% more as earnings power still isn't priced in — HSBC

HSBC Holdings PLC (LSE:HSBA)-owned First Direct has begun offering £175 in cash once again to tempt customers towards its current accounts. Offers of free cash to switch to First Direct had been withdrawn four weeks after being launched in late March, with the bank highlighting significant take-up.

HSBC's First Direct restokes current account war with offer of cash

Ping An Insurance Group Co of China Ltd

HSBC Holdings PLC (LSE:HSBA)'s largest Asia-based investor reportedly voted against reappointing outgoing chief executive Noel Quinn to the bank's board of directors. China's Ping An Insurance Group voted against the move at last Friday's annual shareholder meeting, according to Reuters, in protest of Quinn's leadership.

Ping An voted against reappointing HSBC chief executive to board - report

HSBC UK said on Saturday that it was aware of intermittent disruption to its clients' personal mobile and online banking, adding that its debit cards, credit cards, digital wallet and ATMs remained functional.

HSBC UK says mobile and online banking facing disruption

Deutsche Bank

Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.

3 Foreign Bank Stocks Worth a Look in a Prospering Industry

HSBC is in a strong position to continue paying robust dividends to shareholders despite an uncertain global economic outlook and central bank policy moves, its chairman Mark Tucker said at the bank's annual shareholder meeting on Friday.

HSBC chair says dividend outlook strong despite economic uncertainty

Activist shareholders are pressing HSBC to clarify plans to spend up to $1 trillion on sustainable finance in the coming years.

HSBC's Green Credentials Come Under Fresh Scrutiny

HSBC Holdings said on Thursday it had kept its best lending rate in Hong Kong at 5.875%, after the city's de facto central bank kept unchanged the base rate charged through its overnight discount window, tracking the U.S. Federal Reserve's decision to keep rates steady.

HSBC keeps best lending rate in Hong Kong unchanged at 5.875%

On an eventful day, the storied banking conglomerate announced a high-level resignation and its first-quarter results. It trounced analyst expectations for revenue, and declared ordinary and special dividends.

Why HSBC Stock Topped the Market Today

HSBC Holdings' (HSBC) shares rose Tuesday after the London-based bank surprised the market and said its group chief executive (CEO), Noel Quinn, was stepping down after nearly five years at the helm.

HSBC CEO To Step Down After Almost Five Years at the Helm of the Banking Giant

HSBC records a y/y increase in revenues in the first quarter of 2024.

HSBC Q1 Pre-Tax Earnings Decline as Expenses Increase Y/Y

Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to break up the 160-year bank. His surprise departure is an opportunity to accelerate its strategic pivot to Asia, investors say.

HSBC must prioritise Asian expertise in surprise CEO search

HSBC Holdings PLC (NYSE:HSBC ) Q1 2024 Earnings Conference Call April 30, 2024 2:45 AM ET Company Participants Mark Tucker - Chairman Noel Quinn - Group CEO Georges Elhedery - Group CFO Conference Call Participants Joseph Dickerson - Jefferies Raul Sinha - JPMorgan Chase & Co. Jeremy Hugh - CICC Jason Napier - UBS Perlie Mong - KBW Andrew Coombs - Citigroup Katherine Lei - JPMorgan Chase & Co. Operator Welcome, ladies and gentlemen, to the analyst and investor webinar on the 2024 first quarter results for HSBC Holdings plc. For your information, this webinar is being recorded.

HSBC Holdings PLC (HSBC) Q1 2024 Earnings Call Transcript

HSBC is preparing to welcome its third CEO in less than eight years after veteran banker Noel Quinn, 62, retires from running Europe's biggest bank. While HSBC said on Tuesday it will consider both internal and external candidates, the Asia-focused lender has typically looked internally to fill its leadership positions.

HSBC's top ranks house likely successor to CEO Quinn

HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."

'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement

Bank says it has started search for a successor as it reports quarterly profits beat forecasts

HSBC chief Noel Quinn to step down after ‘intense' five years

HSBC Holdings PLC (LSE:HSBA) chief executive Noel Quinn delivered some surprises with the bank's first quarter results, including announcing his retirement and a new $3 billion share buyback.   The Asia-focused lender reported a pre-tax profit of $12.7 billion for the first three months of 2024, down from $12.9 billion a year ago but beating consensus forecasts of $12.6 billion.

HSBC unveils new buyback alongside CEO Quinn's surprise departure

HSBC on Tuesday said its chief executive, Noel Quinn, will retire after nearly five years at the helm.

HSBC says chief executive to retire after ‘intense' five years

The bank is now searching for a successor to the veteran banker.

HSBC CEO Noel Quinn Is Stepping Down

HSBC said its first-quarter net profit dropped due partly to lower net interest income and higher credit costs and announced the retirement of its CEO Noel Quinn.

HSBC Quarterly Profit Falls; Group CEO to Retire

HSBC Chief Executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping series of asset sales across the globe.

HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8%

HSBC Holdings , on Tuesday said its chief executive, Noel Quinn, has decided to retire.

HSBC CEO Noel Quinn to retire

HSBC (LON: HSBA) share price price continued its strong comeback as investors focused on the company's financial results. It jumped to a record high of 668p on Monday, meaning that it has soared by over 185% from its lowest point in 2020.

HSBC share price sits an all-time high: is it a buy after earnings?

Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager's updated voting intentions showed on Monday.

News for HSBC Holdings Stock (HSBC)