HSBC Holdings plc
- 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 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.
Feb 21, 2024
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.60 | 1.70 | 1.45 | - | - | |
| 2022 | 0.7 | - | 0.5 | 1.15 | - | |
| 2021 | 0.95 | - | 0.85 | - | 1.8 | |
| 2020 | 0.45 | - | 0.35 | - | 0.8 | |
| 2019 | 1.05 | - | 0.75 | - | 1.8 | |
| 2018 | 0.75 | 1.05 | 0.95 | - | 2.75 | |
| 2017 | 0.80 | 0.95 | 0.75 | - | 2.5 | |
| 2016 | 1 | 0.60 | - | - | 1.6 | |
| 2015 | 1.30 | 1.10 | 1.25 | 0.40 | 4.05 | |
| 2014 | 1.35 | 1.15 | 0.85 | 0.10 | 3.45 | |
| 2013 | 1.65 | 1.05 | 0.80 | 0.70 | 4.2 | |
| 2012 | 0.65 | 1.60 | 0.65 | 0.80 | 3.7 | |
| 2011 | 1.10 | 6.75 | 7.00 | -10.30 | 4.55 | |
| 2010 | 0.75 | 5.75 | 4.25 | -7.15 | 3.6 | |
| 2009 | - | 0.00 | - | - | 1.7 | |
| 2008 | - | 0.00 | - | - | 2.05 | |
| 2007 | - | 0.00 | - | - | 7.1 | |
| 2006 | - | 0.00 | - | - | 7 | |
| 2005 | - | 0.00 | - | - | 6.75 |