Hsbc Share Discussion Threads

[mazarin] 18/2/2020 07:58

Not looking particularly good, first thing

[onjohn] 18/2/2020 07:56

CEO looks a muppet

[montyhedge] 18/2/2020 07:31

Sensible to stop buybacks complete waste of money.

[garycook] 18/2/2020 07:31

XD 27/02 !!!

[skinny] 18/2/2020 07:28

It is (27th).

[w5amh] 18/2/2020 07:27

I thought ex dividend was 27 feb

[bashor] 18/2/2020 07:23

16p off as it’s ex dividend too

[gaffer73] 18/2/2020 07:16

Wow, where will this end up today, futures are already red??

[skinny] 18/2/2020 07:05

.

2019 financial performance (vs 2018)

• Reported profit attributable to ordinary shareholders down 53% to $6.0bn, materially impacted by a goodwill impairment of $7.3bn. Reported profit before tax down 33% to $13.3bn. Reported revenue up 4% and reported operating expenses up 22% due to a goodwill impairment of $7.3bn.

• Goodwill impairment of $7.3bn, primarily $4.0bn related to Global Banking and Markets ('GB&M') and $2.5bn in Commercial Banking ('CMB') in Europe. This reflected lower long-term economic growth rate assumptions, and additionally for GB&M, the planned reshaping of the business.

• Adjusted revenue up 5.9% to $55.4bn and adjusted profit before tax up 5% to $22.2bn, reflecting good revenue growth in Retail Banking and Wealth Management ('RBWM'), Global Private Banking ('GPB') and CMB, together with improved cost control.

• Adjusted revenue in Asia up 7% to $30.5bn and adjusted profit before tax up 6% to $18.6bn. Within this, there was a resilient performance by Hong Kong, with adjusted profit before tax up 5% to $12.1bn.

• Adjusted expected credit losses and other credit impairment charges ('ECL') up $1.1bn to $2.8bn from higher charges in CMB and RBWM.

• Positive adjusted jaws of 3.1%, reflecting improving cost discipline. Adjusted operating expense growth of 2.8%, well below the growth rate in 2018 (compared with 2017).

• Return on average tangible equity ('RoTE') down 20 basis points ('bps') to 8.4%, supported by a resilient Hong Kong performance.

• Earnings per share of $0.30, including a $0.36 per share impact of the goodwill impairment. Dividends per share in respect of 2019 of $0.51.

• We continue to monitor the recent coronavirus outbreak, which is causing economic disruption in Hong Kong and mainland China and may impact performance in 2020.

4Q19 financial performance (vs 4Q18)

• Reported loss before tax of $3.9bn, impacted by a goodwill impairment of $7.3bn and a $1.0bn UK bank levy charge. Reported revenue up 5% and reported operating expenses up 86% due to a goodwill impairment of $7.3bn.

• Adjusted revenue up 9% to $13.6bn and adjusted profit before tax up 29% to $4.3bn. Adjusted profit before tax in Hong Kong up 3% to $2.6bn.

• Adjusted costs of $9.1bn, up 3% or $0.3bn, reflecting ongoing cost discipline. Common equity tier 1 ('CET1') ratio improved by 40bps from 3Q19 to 14.7%, driven by risk-weighted asset ('RWA') reductions of $22bn in 4Q19.

more.....

[nw99] 18/2/2020 06:57

HSBC 2019 PBT -33%$7.3bn charge$100bn RWA for disposal$4.5bn cost cutting (no details yet of job losses)PBT in Asia $18.5bnLOSS in Europe $4.6bnwhy HSBC is moving focus to faster growing AsiaAnd BTW HSBC has a $2.7TN balance sheet.

[montyhedge] 14/2/2020 21:37

Your make money.

[spud] 14/2/2020 17:04

Indeed. Looking to double up ex div. spud

[grahamburn] 14/2/2020 13:49

So... it'll just be a "small income" as well, spud!

[spud] 14/2/2020 11:20

Taken a small initial stake for income only.

spud

[nw99] 12/2/2020 17:59

The bank is expected to release full-year results next week. Share price volatility in the short term seems likely, although its price-earnings ratio of 11 could indicate that it offers good value for money due to the growth potential of many of its key markets across Asia.

[neilyb675] 12/2/2020 10:24

LOVE U HSBC

[gaffer73] 12/2/2020 10:19

This is looking good. Might even stay above my purchase price when it goes ex divi, now that would make a change!

[neilyb675] 12/2/2020 10:11

594.60 - 594.70 (GBX) at 10:10:18
on Market (LSE)

[nw99] 11/2/2020 14:34

CSFB top pick in banks Hsbc

[montyhedge] 11/2/2020 08:32

Soon be back over 600p. Goldman Sachs put on conviction list with 50% upside.

[montyhedge] 09/2/2020 18:57

Yes nice 7% yield, that's ok.

[gaffer73] 08/2/2020 11:49

GS upgrade is reassuring especially after HSBC ditched them last year.

[ianood] 07/2/2020 23:13

Exactly the same as the last 4 years then - doh!