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HSBC Holdings PLC (HSBC)

- NYSE
  • Dec. 3, 2013, 1:44 PM
    • HSBC (HSBC -1%) is the downside outlier in a green U.K. banking sector after Nomura downgrades to Hold.
    • In other U.K. banking news, RBS is forced to issue an apology for another technical glitch which left customers unable to access their accounts through ATMs, or pay for purchases with debit cards.
    • CEO Hester: "Last night’s systems failure was unacceptable ... For decades, RBS failed to invest properly in its systems. It will take time, but we are investing heavily in building IT systems our customers can rely on.”
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  • Aug. 5, 2013, 9:09 AM
    | 1 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)
    | 1 Comment
  • Mar. 27, 2013, 6:09 AM
    Various markets dive after the BOE spells out the continued massive risks to British banks. Half of the £25B that banks must raise this year has been factored into their capital-raising plans. All in all, major banks and building societies face a £50B reduction in their regulatory capital, although HSBC (HBC) doesn't face a shortfall. FTSE 100 -0.1%, S&P futures -0.2%. (PR)
    | 1 Comment
  • Mar. 5, 2013, 9:03 AM
    Newcastle Investment (NCT) jumps 3.1% after inking a deal to acquire up to 50% of a $4.2B UPB portfolio of consumer loans - home and unsecured personal - from HSBC (HBC). Newcastle will team with another Fortress (FIG) affiliate - Springleaf Financial, which will have responsibility for servicing the loans. The total purchase price comes to $3.2B. (PR)
    | 2 Comments
  • Jan. 7, 2013, 4:04 AM
    Credit Agricole (CRARF.PK) leads major European banks higher, rising 4.7% after regulators ease Basel liquidity rules, followed by Deutsche Bank (DB) +4.3%, Unicredit (UNCFY.OB) +4.3% and Barclays (BCS) +3.7%. Also, SocGen (SCGLF.PK) +3.4%, HSBC (HBC) +0.75%, Lloyds (LYG) +1.9%, Santander (SAN) +2%, RBS (RBS) +1.5%, UBS (UBS) +2% and Credit Suisse (CS) +3.4%. Italy's Banca Monte dei Paschi di Siena (BMDPY.PK) +15%.
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  • Dec. 29, 2011, 1:49 PM
    HSBC (HBC +0.8%) says it's renewed its private label credit card agreement with Saks (SKS +1.3%), Darvin Furniture, Big Lots (BIG +1.1%) and Berkshire Hathaway's (BRK.A -0.1%) Jordan's Furniture. The renewals bode well for Capital One (COF +1.3%), which is buying the bank's U.S. card business and runs the risk of losing some of its partners.
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  • Dec. 5, 2011, 4:16 PM
    Shares of HSBC Holdings (HBC +2%) close higher after the company spins off HSBC Capital Management, its U.S. buyout arm, into a new firm called Graycliff Partners. Graycliff Partners has around $1M assets under management which it invests in middle-sized companies providing equity and mezzanine financing.
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  • Nov. 30, 2011, 8:47 AM
    S&P went on a downgrade spree of banks yesterday, but no matter, they're surging premarket following the international central bank move to boost liquidity. BAC +7.1%, C +6.5%, JPM +5.9%, WFC +3.5%, GS +5%, USB +3.5%. DB +9%, HBC +5.2%, BCS +10.3%, LYG +10.6%, STD +6.4%. STOXX Europe 600 Banks Index +4%.
    | 7 Comments
  • Nov. 28, 2011, 8:44 AM
    Shares in banks from both sides of the pond are having a fine time of it, apparently boosted by the latest (doomed?) attempts to stem the eurozone debt crisis. BAC +4.6%, C +5%, GS +3.3%, MS +5.6%, JPM +4%, DB +10.4%, UBS +7%, BCS +8.6%, RBS +7.5%, HBC +5.5%, LYG +7.9%. STOXX Europe 600 Banks index +5%.
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  • Nov. 16, 2011, 9:00 AM
    Premarket leaders: TSRA +14%. WDC +4%.TGT +3%. BPAX +3%. VELT +3%.
    Losers: MFN -11%. ANF -7%. IDIX -6%. NBG -4%. DANG -3%. FRO -3%. RIO -3%. ALU -3%. AREX -3%. HBC -3%. AMR -3%.
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  • Nov. 9, 2011, 9:00 AM
    Premarket gainers: YONG +13%. SODA +13%. KITD +10%. CTEL +5%. PANL +5%.
    Losers: ROVI -25%. MFB -21%. STEC -18%. HDY -15%. ING -13%. ADBE -10%. RBS -9%. FIO -9%. ALU -8%. HBC -8%. DB -8%. NCT -8%. BCS -8%. VE -8%. MT -8%. LYG -7%. GM -7%. STP -7%. BZH -7%. ERIC -7%. RDN -6%. TRGT -6%. RL -6%. UBS -6%. RCL -6%. G -5%. ASML -5%. FTE -5%. GRPN -5%. SI -5%. ARMH -5%. SI -5%. MS -5%. NBG -5%. TOT -5%. NOK -5%. RCH -5%. AKS -4%. TEF -4%.
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  • Oct. 27, 2011, 9:00 AM
    Premarket gainers: FRO +16%. MF +15%. DB +15%. RBS +13%. CFX +13%. CTXS +13%. ING +12%. BCS +12%. SNV +11%. NBG +10%. KYG 99 BBVA +9%. JASO +8%. CMED +8%. UBS +8%. PHM +8%. BAC +8%. MT +8%. MS +7%. RIO +7%. MTW +7%. COG +7%. C +7%. STD +7%. ANR +7%. HOV +6%. RF +6%. FCX +6%. NOK +6%. IRE +6%. FSLR +6%. PHG +6%. JPM +6%. DRYS +6%. HBC +6%. PNC +6%. MPEL +6%. BHP +6%. VLO +6%.
    Losers: MDR -21%. TQNT -17%. AVP -13%. VNET -9%. AGNC -4%. APIL -4%.
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  • Oct. 24, 2011, 10:28 AM
    First Niagara (FNFG -3%) trades lower after Raymond James cuts the shares to to Market Perform, citing the company's acquisition of 195 HSBC (HBC +1.9%) branches and the need to raise capital.
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  • Oct. 7, 2011, 3:34 AM
    Moody's downgrades 12 U.K. financial institutions, citing the lowering or removal of government support. The agency cuts Lloyds TSB (LYG -3.9%) and Santander U.K. (STD) by a notch, and RBS (RBS -3.4%) by two notches. There is no change for Barclays (BCS -1.7%) and HSBC (HBC -0.1%). (PR)
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  • Sep. 20, 2011, 11:29 AM
    National Bank of Canada agrees to acquire HSBC's (HBC +1.4%) Canadian retail brokerage unit for $208.1M, according to the Wall Street Journal. The deal is expected to be announced later today.
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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.