Seeking Alpha

HSBC Holdings PLC (HSBC)

  • Feb. 24, 2014, 4:39 AM
    • HSBC's (HSBC) 2013 pretax profit rose 9% to $22.56B but fell short of consensus of $24.6B.
    • Underlying revenue grew to $63.3B from $61.6B, while underlying operating costs dropped 6% to $38B.
    • Q4 pretax profit fell to $3.96B from $4.43B a year earlier.
    • HSBC increased its dividend to $0.49 a share from $0.45.
    • However, the bank warned of "choppy markets" this year as emerging economies adjust to "changing economic circumstances and sentiment."
    • Shares are -4.2% in London. (PR)
    | Feb. 24, 2014, 4:39 AM | Comment!
  • Aug. 5, 2013, 5:01 AM
    • HSBC's (HBC) underlying pretax profit +47% to $13.1B, helped by lower loan-impairment charges and operating costs.
    • Attributable profit +23% to $10B.
    • Net interest income -8% to $17.8B.
    • Western economic growth continued to be tepid while growth in China and the rest of Asia stuttered; regulatory reforms added to costs.
    • Impairment charges and credit risk provisions -$1.7B to $3.1B.
    • Grew revenues in key areas: Financing & Equity Capital Markets, Credit businesses, residential mortgages in the U.K. and Hong Kong, and from collaboration between global businesses.
    • Return on equity rises to 12% from 10.5% last year.
    • Underlying expenses -8%, helped by $800M of cost savings across all regions, taking the annualized total to $4.1B since the start of 2011.
    • Core tier 1 ratio 12.7%, common equity tier 1 ratio 10.1%.
    • Total assets -2% since December to $2.645T.
    • Declares second interim dividend for 2013 of $0.10 a share.
    • Shares -3%. (PR)
    | Aug. 5, 2013, 5:01 AM | 1 Comment
HSBC vs. ETF Alternatives
Company Description
HSBC Holdings PLC provides banking and financial services through four segments namely Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking.