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• HSBC Holdings increased 4.3% to $47.12 after the UK- and Hong Kong-based bank reported rising revenue and earnings in the September quarter. 
  
  Revenue increased 5% to $17.21 billion from $16.7 billion, and net income advanced 8% to $6.7 billion from $6.2 billion a year ago, respectively. 
  
  The largest European bank also announced a stock repurchase plan of $3 billion. 
  
  Oct 29, 2024
• HSBC Holdings increased 4.3% to $47.12 after the UK- and Hong Kong-based bank reported rising revenue and earnings in the September quarter. 
  
  Revenue increased 5% to $17.21 billion from $16.7 billion, and net income advanced 8% to $6.7 billion from $6.2 billion a year ago, respectively. 
  
  The largest European bank also announced a stock repurchase plan of $3 billion.  Less
  
  Oct 29, 2024


• HSBC Holdings declined 7.6% to 594.40 pence, despite the UK-based and China-focused global bank reporting a sharp jump in profit and announcing a stock buyback program. 
  
  The bank reported a 56% surge in its annual profit in 2023 to $22.43 billion from $14.83 billion, and income per share increased to $1.15 from 72 cents a year ago, respectively. 
  
  Revenue in 2023 rose 30% to $66.1 billion, driven by a $5.4 billion increase in net interest income and a $10.0 billion increase in non-interest income. 
  
  The net interest margin increased by 24 basi More
  
  Feb 21, 2024
• HSBC Holdings declined 7.6% to 594.40 pence, despite the UK-based and China-focused global bank reporting a sharp jump in profit and announcing a stock buyback program. 
  
  The bank reported a 56% surge in its annual profit in 2023 to $22.43 billion from $14.83 billion, and income per share increased to $1.15 from 72 cents a year ago, respectively. 
  
  Revenue in 2023 rose 30% to $66.1 billion, driven by a $5.4 billion increase in net interest income and a $10.0 billion increase in non-interest income. 
  
  The net interest margin increased by 24 basis points to 1.66%, with $3.4 billion in expected credit losses and other impairment charges.
  
  The bank announced a new $2 billion stock repurchase plan and hiked its full-year dividend to 61 U.S. cents from 32 U.S. cents a year ago. 
  
  Revenue in the fourth quarter declined 11% to $13 billion after the company reclassified its retail operation in France as "held of sale," and after-tax profit dropped by $4 billion to $0.2 billion. 
  
  The bank took an impairment charge of $3.0 billion related to its Shanghai, China-based BoCom.  Less
  
  Feb 21, 2024

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