HSBC (HSBA) up 11% in 2025 PDF Free Download
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United Kingdom Edition Friday, March 14, 2025
DATA & ARCHIVE DOWNLOAD CENTER
HSBA: EXPORT DATA TO EXCEL:
• PRICE VOLUME - 5-YEAR HISTORY
• PEER COMPARISON
HSBA: OTHER INFORMATION:
• NEWS ARCHIVES - HSBA PAST 4 YEARS
• PRICE VOLUME CHARTS
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HSBC (HSBA) up 11% in 2025 GBX870.0
HSBC advances 14% in past 3 months
HSBC Holdings PLC's stock price advanced GBX107.80 (or 14.1%)
in the past 3 months to close at GBX870.0.
Compared with the FTSE 100 Index which rose 342.8 points (or
4.1%) in the past 3 months, this represented a relative price
increase of 10.0% for HSBC shareholders.
HSBC is the United Kingdom's largest Bank by market cap.
In the past 3 months, HSBC's market cap jumped GBX1,767.5
billion.
The volume was 1.0 times average trading per quarter of 1.3
billion shares.
Fig 1: Primary Exchange and Other
Listings: Trading Currency and
Volume (Excl ADR)
Exchange Ticker Curren
cy Last ADV
TVol % of Total
London HSBA GBX 870 21,71
2,972
51.5
Hong Kong 00005 HKD 85.45 21,25
7,920
48.5
Total 100.00
1 GBX [Pence Sterling]= 0.1007 HKD [Hong Kong Dollar]
Fig 2: Activities
HSBC Holdings plc is the holding company for the HSBC Group.
The Company provides a variety of international banking and
financial services, including retail and corporate banking, trade,
trusteeship, securities, custody, capital markets, treasury, private
and investment banking, and insurance. It is the largest Bank by
market capitalisation in the United Kingdom.
In this Report:
Highlights: (Click tab for direct access) Page
Recent News and Research 3
The Past Year: Press Releases 4
Bullish Signals 6
Ongoing Bullish Parameters 8
Bearish Signals 14
Ongoing Bearish Parameters 15
Corporate Profile 17
Bank Metrics 17
Dividend 18
Top Management 18
Insider Transaction in the Past 10 Years 20
HSBC Preferred Shares 21
Stock Identifiers 21
News Archives 21
Index 32
Glossary 34
Section Headers and Figures are Bookmarked in the menu
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Fig 3: HSBC (HSBA) Stock Dashboard [traded in British Pound, GBP] End-of-
Day Fri, Mar 14
http://www.hsbc.com
Last GBX870.0
Ave Daily Volume 20,502,853 shares
Currency 1.000 GBP = 1.297 USD
Today's Volume [VI] 20,730,000 [1.0]
Market Cap GBP155 billion [US$201 billion]
Exchange UNITED KINGDOM [CHI-X (UK), London]
P/E 7
EPS (FY2024) GBP1.25
EPS Growth (FY2024 vs FY2023) 8.7%
Shares Outstanding 17,810,000,000
HSBA in Indices FTSE 100
Dividend Yield % (TTM) 4.6
DPS (past 12 months) GBX40.14
Sector Bank [Rank by MCap 1 of 19 stocks]
PV$1000 (1 yr) and TRS GBP1,666; 66.6%
US$1,688; 68.8%
VI* Volume Index = Number of shares traded today/Average number of shares traded per day.
Fig 4: Past Quarter Snapshot
Beginning of Quarter (13
Dec, 2024)
End-of Quarter (14 Mar,
2025)
Change
GBX %
Price GBX763.80 GBX870.0 107.8 14.1
Market Cap GBX13,756 billion GBX15,494.7 billion 1,738.7 billion 14.1
P/E 8.4 7.0
Dividend Yield % 7.5 4.6
Low During Quarter 749.6 on Fri 20 Dec, 2024
High During Quarter 950.2 on Mon 03 Mar, 2025
VWP 858.2
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Fig 5: Recent News and Research
BUYBACK OF SHARES
HSBC announced a buyback of 2,215,531 shares worth GBP18,949,658 (or $24,570,961) on March 13. The buyback price was
GBP8.55.
Financial News
Annual Report (FY 2024):
Release Date: February 19, 2025
FY2024 Annual Report: HSBC Net Profit up 2.2%
HSBC (L:HSBA) reported net profit for the year-ended 31 December 2024 [FY2024] of GBP22.9b ($28.7b), up 2.2% from GBP22.4b
($28.6b) in the previous year [FY2023]. Earnings per share (EPS) were up 8.7% from GBP1.15 ($1.46) in FY2023 to GBP1.25 ($1.57) in
FY2024.
Annual growth in Revenue, Net Profit and EPS
Year-ended 31 December [FY/2024] 31 December [FY/2023]
Revenue, GBP Billion 62.4 62.6
Revenue, $ Billion 78.2 78.4
Growth in Revenue % -0.3 61.1
Net Profit, GBP Billion 22.9 22.4
Net Profit, $ Billion 28.7 28.1
Growth in Net Profit % 2.2 67.1
EPS, GBP 1.25 1.15
Growth in EPS % 8.7
Reported buyback transactions [TTM]
Period No. of shares Weighted Average price, GBX Value, GBX
Mar 25 22,286,376 8.82 196,566,469
Feb 25 17,354,614 8.99 156,088,077
Jan 25 20,179,454 7.9 159,418,761
Dec 24 31,621,757 7.58 239,771,892
Nov 24 39,959,202 7.08 282,971,387
Oct 24 31,090,013 6.77 210,533,194
Sep 24 44,294,663 6.7 296,558,562
Aug 24 17,678,831 6.51 115,038,997
Jul 24 33,065,449 16.81 555,938,112
Jun 24 22,046,911 6.89 151,974,258
May 24 41,223,737 9.82 404,980,082
Apr 24 38,013,349 6.46 245,607,750
Mar 24 21,640,030 6.15 133,109,593
Total 380,454,386
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The Past Year: Press Releases
Fig 6: Press Releases and Corporate Wire
Press Release article 1 of 3, 637 words
February 25: HSBC : Chairman's Statement
Georges Elhedery, Group CEO, said:
"Our strong 2024 performance provides firm financial foundations upon which to build for the future, as we prioritise delivering
sustainable strategic growth and the best outcomes for our customers. Since becoming CEO, I have focused on simplifying how we
operate and injected energy and intent into the way we deliver our strategy. We are creating a simple, more agile, focused bank
built on our core strengths. We continue to take deliberate and decisive steps. This includes creating four complementary, clearly
differentiated businesses, aligning our structure to our strategy and reshaping our portfolio at pace and with purpose. I have put in
place a smaller, core team of exceptionally talented leaders driven by a growth orientated mindset and a firm focus on
dynamically managing our costs and capital. We are embedding this approach across the organisation to ensure we are
continually focused on these two important principles. Each targeted action we are taking is designed to unlock HSBC's full
potential. We look to the future with confidence and clarity of purpose."
Outlook
We have announced measures to simplify the Group and we are focused on opportunities that build on our strong platform for
growth.
•
We are now targeting a mid-teens return on average tangible equity ('RoTE') in each of the three years from 2025 to 2027
excluding notable items, while acknowledging the outlook for interest rates remains volatile and uncertain, particularly in the
medium term.
•
We expect banking NII of around $42bn in 2025. Our current expectation reflects modelling of a number of market-dependent
factors. If changes in these factors impact the output of our modelling, we would update our expectation for 2025 Banking NII
in future quarterly results announcements.
•
We retain a Group-wide focus on cost discipline. We are targeting growth in target basis operating expenses of approximately
3% in 2025 compared with 2024.
•
Our target basis operating expenses for 2025 excludes the direct cost impact of the business disposals in Canada and
Argentina, notable items and the impact of retranslating the prior year results of hyperinflationary economies at constant
currency.
•
Our cost target includes the impact of simplification-related saves associated with our announced reorganisation, which aims
to generate approximately $0.3bn of cost reductions in 2025, with a commitment to an annualised reduction of $1.5bn in our
cost base expected by the end of 2026. To deliver these reductions, we plan to incur severance and other up-front costs of
$1.8bn over 2025 and 2026, which will be classified as notable items. We are focused on opportunities where we have a clear
competitive advantage and accretive returns, and we aim to redeploy around $1.5bn of additional costs from non-strategic
activities into these areas, over the medium term.
•
We expect ECL charges as a percentage of average gross loans to continue to be within our medium-term planning range of
30bps to 40bps in 2025 (including lending held for sale balances).
•
Over the medium to long term, we continue to expect mid-single digit percentage growth for year-on-year customer lending
balances.
•
We expect double-digit percentage average annual growth in fee and other income in Wealth over the medium-term.•
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We intend to continue to manage the CET1 capital ratio within our medium-term target range of 14% to 14.5%, with a dividend
payout ratio target basis of 50% for 2025, excluding material notable items and related impacts.
•
Our targets and expectations reflect our current outlook for the global macroeconomic environment and market-dependent
factors, such as market-implied interest rates (as of mid-January 2025) and rates of foreign exchange, as well as customer behaviour
and activity levels.
We do not reconcile our forward guidance on RoTE excluding the impact of notable items, target basis operating expenses,
dividend payout ratio target basis or banking NII to their equivalent reported measures.
Press Release article 2 of 3, Source: London Stock Exchange, 201 words
February 19: HSBC Holdings 2024 Results
19 February 2025 HSBC Holdings plc 2024 results
Georges Elhedery, Group CEO, said:
"Our strong 2024 performance provides firm financial foundations upon which to build for the future, as we prioritise delivering
sustainable strategic growth and the best outcomes for our customers. Since becoming CEO, I have focused on simplifying how we
operate and injected energy and intent into the way we deliver our strategy. We are creating a simple, more agile, focused bank
built on our core strengths. We continue to take deliberate and decisive steps. This includes creating four complementary, clearly
differentiated businesses, aligning our structure to our strategy and reshaping our portfolio at pace and with purpose. I have put in
place a smaller, core team of exceptionally talented leaders driven by a growth orientated mindset and a firm focus on
dynamically managing our costs and capital. We are embedding this approach across the organisation to ensure we are
continually focused on these two important principles. Each targeted action we are taking is designed to unlock HSBC's full
potential. We look to the future with confidence and clarity of purpose."
Source: London Stock Exchange
Press Release article 3 of 3, Source: London Stock Exchange, 112 words
February 19: HSBC: Annual Results 2024 Zoom Meeting
HSBC HOLDINGS PLC
ANNUAL RESULTS 2024
ZOOM MEETING HSBC will be holding a Zoom meeting today for investors and analysts. The speakers will be Georges Elhedery
(Group Chief Executive) and Pam Kaur (Group Chief Financial Officer). A copy of the presentation to investors and analysts is
attached and is also available to view and download at https://www.hsbc.com/investors/results-and-announcements/all-
reporting/group. Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/6175X_1-2025-2-19.pdf Full details of how to access the Zoom meeting appear
below and can also be found at www.hsbc.com/investors/results-and-announcements.
Source: London Stock Exchange
Fig 7: Net reported buyback transactions
Between March 01 and March 31, 2025
Bought 22,286,376 shares at an average price of GBX9 worth GBP1,965,664.0.
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Fig 8: Insider Selling
Source: WEC
Tue Feb 25, 2025
HSBC chief executive officer - global commercial banking Barry O'Byrne sells shares worth GBP1.6 million
Monday February 24, 2025
HSBC (L:HSBA) Chief Executive Officer - Global Commercial Banking Barry O'Byrne sold 182,514 shares worth GBP1,610,687
($2,034,886) on February 21. The selling price was GBP8.83.
Fig 9: Insider Buying
Source: WEC
Tue Dec 17, 2024
HSBC director Brendan Robert Nelson buys shares worth GBP113,850
Monday December 16, 2024
HSBC (L:HSBA) Non-Executive Independent Director Brendan Robert Nelson bought 15,000 shares worth GBP113,850 ($143,721) on
December 12. The purchase price was GBP7.59.
Bullish Signals
Price/Earnings:
HSBC stock is trading at the sixth lowest P/E multiple in the FTSE 100 Index.HSBC stock is the Twenty-first highest dividend yielding stock
in the FTSE 100 Index.
Relative Value Indicators: Undervaluation compared with Index averages
and bond yield
Earnings yield of 14.4% is more attractive compared with the
United Kingdom average earning yield of 9.3%.
•
The earnings yield of 14.4% is 3.1 times the 10-year bond yield
of 4.7%.
•
(All figures in %)
Earnings Yield 14.4
United Kingdom avg 9.3
Dividend Yield 4.6
Bond Yield 4.7
Dividend Yield > 2/3rd Bond Yield:
The dividend yield of 4.61% is 0.99 times the triple-A bond yield of
4.68%; it is also above the benchmark of 2/3rd set by Benjamin
Graham.
(All figures in %)
Dividend Yield 4.61
Bond Yield 4.68
Spread 0.07
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3-DAY: MODERATE MOMENTUM UP
HSBA increases 3.4% on firm volume 1.2 times average. Compared with the FTSE 100 Index which rose 136.3 points (or 1.6%) in the 3-
days, the relative price increase was 2.9%.
Week 11 of 2025: Down 0.7%; HSBC (HSBA) outperformed the FTSE 100 Index in 3 out of 3 days. The price ranged between a high of
GBP870.0 on Friday Mar 14 and a low of GBP847.70 on Wednesday Mar 12.
Mar HSBC Close [GBP] Change % Comment
Fri 14 Up 3.4% in 3 days 870 2.0 Top Rise; RPC=1.2%
Thu 13 In 2nd consecutive rise 853.1 0.6 VI*=1.1
Wed 12 Strengthens above moving average price 847.7 0.7 VI*=1.5
* RPC - Relative Price Change is % price change of stock less % change of the FTSE 100 Index.
[Volume Index (VI); 1 is average]
Fig 10: Rank in the top 10% by Price Performance in the United Kingdom
market
Description Value Rank
PV1000 [1 yr] $ 1,688 In Top 10%
Rel Strength 6 mo 91 In Top 10%
Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 1.0.
Price/Moving Average Price of 1.2 and positive MACD:
The Price/MAP 200 for HSBC is 1.2. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the FTSE 100
Index of 1.03, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of GBX852.81 is higher
than the 200-day MAP of GBX725.08, a third bullish indicator. The 200-day MAP has increased to GBX725.08, a fourth bullish
indicator.
•
The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 874.39
minus the 26-day EMA of 872.92 is positive, suggesting a bullish signal.
•
Past Quarter:
In the last three months the stock has hit a new 52-week high thirty-one times, pointing to a significant uptrend.•
Relative Strength (6 months) 91 percentile:
The stock has a 6-month relative strength of 91 in the United Kingdom market of 1,080 stocks and 14 preference stocks which
means it is beating 91% of the market.
•
A price rise combined with a high relative strength is a bullish signal.•
Other Bullish Signals
Return on Equity of 13.0% versus sector average of 10.8% and market average of 8.2%.•
Net profit margin has averaged 37.9% in the last 3 years. This is considered superior and suggests a high margin of safety.•
As per the Du Pont analysis, Return on Equity of 13.0% is better than sector average of 10.8%. This is computed as net profit
margin of 40.0% times asset turnover [sales/assets] of 0.02 times leverage factor [total assets/shareholders' equity] of 15.7.
•
Oversold/Bullish Signals
The Stochastic indicator of 12.3 has pierced the oversold line of 20; this indicates the price is close to its 14-day low and is likely
to revert to an uptrend.
•
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Ongoing Bullish Parameters
Fig 11: Past four-years
HSBC rose for a fourth consecutive year. In the past four years it has risen GBX570.03 (190.0%).•
Fig 12: Rank in the top 99% by Liquidity in the United Kingdom market
Description Value Rank
Ave daily turnover GBP143 million ($185 million) In top 99%
Fig 13: Present Value of GBP1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The
Best Periods with PVGBP1000 > 1,140
PVGBP1,000 3 mo ago 1 yr ago 3 yrs ago
HSBA.L GBP1,141 GBP1,666 GBP3,455
Bank sector GBP1,104 GBP1,198 GBP809
FTSE 100 Index GBP1,035 GBP1,115 GBP1,199
Fig 14: The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 14
3-Year price change of 148% for HSBC outperformed the change of 20.4% in the FTSE 100 Index for a relative price change of
127.5%.
Price Change % Quarter Year 3 Years
HSBC 14.1 57.1 148
Bank sector 10.4 18.4 -18.5
FTSE 100 Index 4.1 11.1 20.4
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Fig 15: Moving Annual Return of 64.4% in the past year
Moving Annual Return was 64.4% in the past year. Based on a
dynamic start date of 5 years ago, the real rate of return has
averaged 35%. The Moving Annual Return has been positive in 4
of the last 5 years.
HSBA Close
(GBP)
Dividend
s (GBP)
Capital
Gain /
(Loss) %
%
Yield
Annual
Return %
Mar 14 870 40.14 57.1 7.2 64.4
1 Yr ago 553.77 48.75 11.9 9.9 21.7
2 Yrs ago 494.93 93.56 41.1 26.7 67.7
3 Yrs ago 350.88 18.85 17 6.3 23.3
4 Yrs ago 299.97 10.84 (5.7) 3.4 (2.3)
Close 5 years ago GBP318.27
Quotes from Legends: Annual Return
Fig 16: MCap: 5-Year Increase of GBP60 B [$781M] (64%)
In the past 5 years Market Capitalization has increased by
GBP60.2 billion (64%) from GBP94.7 billion to GBP154.9 billion.
Based on a dynamic start date of 5 years ago, there has been
no decline in MCap over the last 5 years.
Price MCap
(GBP B)
MCap ($
B)
Last GBX870.0 154.9 200.9
1 Year ago GBX553.77 111.7 142.4
2 Years ago GBX494.93 113.4 135.2
3 Years ago GBX350.88 97.3 127.5
4 Years ago GBX299.97 87.3 121.8
5 Years ago GBX318.27 94.7 118.8
Fig 17: Buybacks and 3-Years Decrease of 8.5% in Total Shares on Issue
In the past 3 years total shares on issue have decreased by 1.7
billion (8.5%) from 20.2 billion to 18.5 billion. Buybacks have
averaged 341 million shares [1.7%] per financial year. Based on a
dynamic start date of 3 years ago, there has been no rise in
issued capital over the last 3 years. A reduction in total shares on
issue is a favourable indicator in Joseph Piotroski's 9 indicators.
Year End
(Dec 31)
Total Shares
on Issue FY Buybacks Buyback
%
2024 18,485,000,000 2024 1,115,000,000 5.7%
2023 19,600,000,000 2023 249,000,000 1.3%
2022 19,849,000,000 2022
2021 20,197,000,000 2021
Total 1,364,000,00
0
Average
per FY
341,000,000
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Fig 18: Created Market Value [CMV] past 2 yrs of GBP1.9 billion ($2.5
billion)
Market Capitalization has increased by GBP36.6 billion from
GBP118.3 billion to GBP154.9 billion in the last 2 years. This
increase comprises cumulative retained earnings (RETE) of
GBP34.7 billion and Created Market Value of GBP1.9 billion.
The Created Market Value multiple, defined by the change
in MCap for every GBP1 of retained earnings is GBP1.05.
•
Fig 19: Annualised Period-based Total Shareholder Returns [TSR %]: The
Best Periods with TSR > 16.1%
TSR % 1 yr 3 yrs 5 yrs 10 yrs
HSBA.L 66.6 50.5 33.1 16.2
Fig 20: Improved EBIT Margins
EBIT margin is positive and has increased from 48.5% to 51.7% in
the past year.
FY EBIT Margins (%)
2024 51.7
2023 48.5
2022 43.9
2021 50.7
2020 28.8
Quotes from Legends: EBIT Margin
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Fig 21: A 42.2% Decrease in Insider Selling
In the past 5 years a total of 1,791,881 HSBC shares worth GBP11.5
million were sold by insiders. Based on a dynamic start date of 5
years ago, insider selling has averaged 358,376 shares per year.
In the past year, insiders sold 435,532 shares, a decrease of 42.2%
from the previous year.
Year No. of
Shares Value, GBP
Mar 14, 2025 435,532 3,848,408
1 Yr ago 753,011 4,510,816
2 Yrs ago 306,824 1,771,665
3 Yrs ago 295,804 1,402,043
4 Yrs ago 710 2,876
Total 1,791,881 11,535,809
Fig 22: Increased VWAP, up 163% in 5 years
In the past five years Volume Weighted Average Price (VWAP)
has increased by 163.4% to GBX705.56. Based on a dynamic start
date of five years ago, there has been no decline in VWAP over
the last 5 years.
Past five years, 12 months ended Mar 14 (GBX)
Year High Price VWAP Low Price
2025 950.2 705.56 552.35
2024 591.32 542.26 446.32
2023 553.22 417.7 344.89
2022 401.46 310.17 254.2
2021 357.31 267.91 192.32
Fig 23: Increased share turnover, up 79% in 5 years
In the past five years, average daily share turnover has increased
78.7% to GBX14.5 billion ($187.6 million). This suggests increased
liquidity.
Past five years, 12 months ended Mar 14 (GBP million)
Year Average Daily Turnover
2025 144.7
2024 119.2
2023 92.9
2022 56.3
2021 80.9
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Fig 24: Satisfies one criterion of Benjamin Graham
The P/E of 7 multiplied by the P/NTA of 0.9 is 6.0. Being less than the Benjamin Graham benchmark of 22.5 the stock appears
undervalued.
•
Fig 25: Satisfies 5 out of 9 criteria of Joseph Piotroski [pass mark 5]
Positive net income.•
Positive operating cashflow.•
Good quality of earnings [operating cashflow exceeds net income].•
Improvement in current ratio from 19.9 to 21.7.•
Reduction in total shares on issue.•
But does not meet the following 4 criteria of Joseph Piotroski:
Return on Assets improvement.•
Improvement in long-term debt to total assets.•
Improvement in gross margin.•
Improvement in asset turnover.•
Fig 26: Price > Moving Avg Price
In the last 30 days the share price has exceeded the 200-day
Moving Avg Price on 22/21 days; a bullish signal.
Quotes from Legends: Moving Average Price
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Fig 27: Turnover Period Above Average
Fig 28: Rank in the FTSE 100 Index
Description Value Rank
MCap ($ B) 200.9 3
Revenue ($ B) 81 3
Net Profit ($ B) 29.7 1
Return on Equity % 13.0 43
Net Profit Margin % 40.0 16
Price to Book 0.9 7
Price Earnings 7.0 8
Yield % 4.6 22
PV$1000 (1Year) $* 1,688 11
% Change YTD 10.8 20
* 1 year ago GBP 1 = USD 1.27; Mar 14, 2025: GBP 1 = USD 1.3
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Bearish Signals
Fig 29: PAST MONTH: STRONG MOMENTUM DOWN - HSBA dips 1.3% fuelled
by week's volume 1.5 times average
[down GBX11.70]
HSBC outperformed the FTSE 100 Index on 12 days and underperformed it on 10 days. The price
ranged between a low of GBX841.60 on Tuesday, 11 Mar and a high of GBX942.50 on Monday, 3
Mar.
Day Headline Price
[GBX]
Chang
e %
Momentum Comment
Mar 14 Up 3.4% in 3 days, announces buyback of
shares
870.0 2.0 Price/MAP50 above 1 and rising
Mar 13 In 2nd consecutive rise, announces
buyback of shares
853.1 0.6 VI*=1.1
Mar 12 Strengthens above moving average
price, announces buyback of shares
847.7 0.7 VI*=1.5
Mar 11 Offers earnings yield of 14.8% 841.6 -1.5 Oversold: close to 14-day low
Mar 10 Down 7.9% in 3 days, announces
buyback of shares
854.8 -2.5 VI*=1.3;RPC = -1.5%
Mar 07 Offers dividend yield of 4.6%, announces
buyback of shares
876.4 -0.5 VI*=2.1
Mar 06 In bottom 4% performers of FTSE 100
Index, announces buyback of shares
881.0 -5.1 Steepest Fall; VI*=1.4;RPC = -4.3%
Mar 05 Offers earnings yield of 13.5% 928.4 1.3 VI*=1.1;RPC = 1.4%
Mar 04 Shares fall after 5 days of rises 916.3 -2.8 VI*=1.2;RPC = -1.5%
Mar 03 Offers dividend yield of 6.9%, announces
buyback of shares
942.5 1.0 VI*=1.7
Feb 28 Hits year-high 38th time in three months 933.6 2.3 VI*=4.6;RPC = 1.7%
Feb 27 Offers earnings yield of 13.7% 912.3 0.1 VI*=1.7
Feb 26 Hits year-high 38th time in three months 911.7 1.4 Price/MAP50 above 1 and rising
Feb 25 Offers dividend yield of 7.2%; Chief
Executive Officer - Global Commercial
Banking Barry O'Byrne sells
899.5 2.5 Top Rise; VI*=1.2;RPC = 2.4%
Feb 24 Decreases GBX8.10 on firm volume; Chief
Executive Officer - Global Commercial
Banking Barry O'Byrne sells
877.7 -0.9 VI*=1.1
Feb 21 Offers earnings yield of 10.3% 885.8 0.7 Price/MAP50 above 1 and rising
Feb 20 Down 2.0% in 2 days 879.8 -1.7 VI*=1.2;RPC = -1.2%
Feb 19 Offers dividend yield of 7.3% 895.4 -0.3 VI*=1.4
Feb 18 In top 1% performers of FTSE 100 Index 898.1 1.9 VI*=1.1;RPC = 1.9%
Feb 17 Offers earnings yield of 10.4% 881.3 1.3 Price/MAP50 above 1 and rising
Feb 14 Decreases GBX6.20 on slipping relative
strength
869.7 -0.7 Price fall on falling relative strength
Feb 13 Offers dividend yield of 7.4% 875.9 -0.7 Price/MAP50 above 1 and rising
* RPC - Relative Price Change is % price change of stock less % change of the FTSE 100 Index.
VI= Volume Index, 1 is avg.
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Downtrend
Past Quarter:
The Worst 3 weeks in the past quarter
The past month witnessed the worst 2 weeks in the past quarter. In the past quarter the steepest fall of 6.1% took place in the week
beginning Monday March 03. The fall was exacerbated by volume of 1.5 times average.
Mon-Fri Change % FTSE 100 Index Change % Vol Ind [1 is avg]
Mar 03-07 -6.1 -1.5 1.5
Jan 20-24 -1 -0.2 0.5
Mar 10-14 -0.7 -0.6 1.3
Ongoing Bearish Parameters
Fig 30: Rank in the bottom 17% by Growth in the United Kingdom market
Description Value Rank
EPS Growth % 8.7 In Bottom 17%
Fig 31: HSBC sees dividend fall for a second consecutive year
HSBC reported dividends per share of GBX40.14 in the past year, down 17.7% from the previous year. This is the second consecutive
dividend decrease. In the past 2 years average annual compound growth rate of dividends was -34.5%.
Fig 32: P/E/G > 1
The price earnings ratio of 7.0 divided by trailing twelve months
eps growth of 8.7% corresponds to P/E/G of 80.0 times.
EPS Growth (%) 8.7
P/E/G 80.04
P/E 6.96
Quotes from Legends: P/E/G > 1
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Fig 33: Declining Volume, down 32% in 5 years
In the past five years, Average Daily Volume of Trading (ADVT)
has decreased 31.6% to 20.5 million shares.
Avg. Daily Volume Traded 12 months ended Mar 14, million
shares
Year ADVT
2025 20.5
2024 21.7
2023 22.3
2022 17.9
2021 30.0
Fig 34: Slipping Relative Strength
In the London market, the stock's relative price strength
percentile is slipping at 91 for 6 months, 87 for 3 months and 66 for
30 days.
Quotes from Legends: Relative Strength
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Corporate Profile
Fig 35: Contact Details
Website http://www.hsbc.com
Physical Address 8-16 Canada Square, London, E14 5HQ, United Kingdom
Phone 44-20-79918888
Fax 44-20-79924880
Fig 36: Industry & Sector [of 609 stocks]
Classification Level Name of Sector
Economic Sector Financials
Business Sector Banking & Investment Services
Industry Group Banking Services
Industry Banks
Bank Metrics
Fig 37: Bank Metrics (FY2024)
All values are in GBP billion
Description FY2024 FY2023 Change
Interest Income 108.6 100.9 Up 7.7%
Interest Expense 75.9 65.1 Up 16.6%
Net Interest Income 32.7 35.8 Down 8.6%
Total Non Interest Expense 33 32.1 Up 3%
Favourable Changes:
Interest Income up 7.7% from GBP100.9b to GBP108.6b•
Unfavourable Changes:
Interest Expense up 16.6% from GBP65.1b to GBP75.9b•
Net Interest Income down 8.6% from GBP35.8b to GBP32.7b•
Total Non Interest Expense up 3% from GBP32.1b to GBP33b•
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Dividend
Fig 38: Dividend History
In the past 5 years annual dividends have increased by GBX29.3
from GBX10.8 to GBX40.2. Based on a start date of 5 years ago,
there has been two decline in dividends over the last 5 years.
Date Paid Value
(GBP) Type
07 Nov 2024 7.83 Interim
15 Aug 2024 7.58 Interim
09 May 2024 7.98 Interim
09 May 2024 16.76 Special
Tr 12 Months 40.15
2023 - 2024 48.76
2022 - 2023 93.55
2021 - 2022 18.85
2020 - 2021 10.84
Fig 39: Annual Dividends - Past 4
years (GBX)
Quotes from Legends: Dividends Trailing Twelve Months
Top Management
Fig 40: Top Management
Top Management [Five top executives with tenure > 7 yrs]
Name Designation Since Appointment
Mark Tucker Independent Non-Executive Chairman, Director 7 Yrs, 6 Mos
Noel Quinn Chief Executive Officer
Georges Bahjat Elhedery Chief Financial Officer
Yi Chien Liao Co-Chief Executive Officer
Ashdown Hannah Joint Company Secretary
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Fig 41: Profiles of Top Management
Noel Quinn (CEO)
Noel Quinn was appointed Group Chief Executive in March 2020, having previously served as Interim Group Chief Executive from
August 2019 when he was also appointed as a Director of HSBC Holdings.
Mr Quinn was appointed Chief Executive, Global Commercial Banking in December 2015. He became a Group Managing Director
in September 2016. From 2011 to 2015 he was the Regional Head of Commercial Banking for Asia-Pacific, based in Hong Kong.
Mr Quinn joined Forward Trust Group, a subsidiary of Midland Bank, in 1987. He led HSBC's acquisitions of Swan National Motor
Finance and Eversholt Leasing Ltd, becoming General Manager of each business in turn.
He has since taken up postings including Head of Specialised and Equity Finance at HSBC, Group Director of Strategy &
Development at HSBC Insurance Services North America, Head of Commercial Finance Europe and Head of Commercial Banking
UK (2008-2011).
Mr Quinn qualified as an accountant in 1987.
Mark Tucker (Independent Non-Executive Chairman & Director)
Mr. Mark Edward Tucker has been appointed as the Non-Executive Group Chairman of the Board
of the Company, effective October 1, 2017. Mark has extensive experience in the financial
services industry in Asia and the UK. Most recently he was Group Chief Executive and President of
AIA Group Limited ('AIA'). Before joining AIA, Mark was Group Chief Executive of Prudential plc
and the founding Chief Executive of Prudential Corporation Asia Limited. Mark also previously
served as a nonexecutive director of the Court of The Bank of England, as an independent non-
executive director of the Goldman Sachs Group and as Group Finance Director of HBOS plc.
Serves on the Asia Business Council and the Advisory Board of the Asia Global Institute.
Shareholder Value:
Creation of shareholder value in HSBC:
Date of appointment: September 01, 2017
In the last 5 years the average annualized return to shareholders was 33.1%. The present value of
GBP1,000 (PV1000) invested 5 years ago is now GBP4,178, a gain of GBP1,734 and dividend
reinvested of GBP1,445.
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Insider Transaction in the Past 10 Years
Fig 42: Insider buying Summary in the past 12 months
Name No. of Shares Price, GBP Value, GBP
Noel Quinn [CEO] 46,219 6.5 300,424
Georges Bahjat Elhedery [CFO] 29,498 6.5 191,737
Brendan Robert Nelson [Non-Executive Independent Director] 15,000 7.6 113,850
Total 90,717 6.7 606,011
Fig 43: Noel Quinn [CEO] Reported Buying In The Past 12 Months
Month No. of Shares Price, GBP Value, GBP
August 19, 2024 46,219 6.5 300,424
Fig 44: Georges Bahjat Elhedery [CFO] Reported Buying In The Past 12
Months
Month No. of Shares Price, GBP Value, GBP
August 19, 2024 29,498 6.5 191,737
Fig 45: Brendan Robert Nelson [Non-Executive Independent Director]
Reported Buying In The Past 12 Months
Month No. of Shares Price, GBP Value, GBP
December 16, 2024 15,000 7.59 113,850
Fig 46: Noel Quinn [CEO] Reported Selling In The Past 12 Months
Month No. of Shares Price, GBP Value, GBP
March 12, 2024 9,729 5.75 55,975
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HSBC Preferred Shares
PV$1000 Comparison of HSBC Preferred Shares & Indices
PV$1000 1-week 1-month 1-year
HSBA.L 993 987 1,666
Stock Identifiers
ISIN: GB0005405286
PermID: 8589934275
RIC: HSBA.L
LEI: MLU0ZO3ML4LN2LL2TL39
News Archives
Fig 47: News Archives (Mar 2024 - Dec 2024)
May 03 2024: HSBC announces AGM
HSBC has announced its Annual General Meeting will take place on Friday, May 03.
September 22 2024: HSBC announces dividend
HSBC today announced an interim dividend of GBX7.58 per share. The ex-dividend date is Thursday, August 15, 2024 and it is
payable on Friday, September 27.
May 06 2024: HSBC announces dividend
HSBC today announced an interim dividend of 10.0c per share. The ex-dividend date is Thursday, May 09, 2024 and the record
date is Friday, May 10, 2024 and it is payable on Friday, June 21.
May 06 2024: HSBC announces dividend
HSBC today announced a special dividend of 21.0c per share. The ex-dividend date is Thursday, May 09, 2024 and the record
date is Friday, May 10, 2024 and it is payable on Friday, June 21.
April 21 2024: HSBC announces dividend
HSBC today announced a final dividend of GBX24.83 per share. The ex-dividend date is Thursday, March 07, 2024 and it is payable
on Thursday, April 25.
December 13 2024: HSBC buys back 2,978,519 shares
HSBC (HSBA.L) announced a buyback of 2,978,519 shares worth GBP227,315 (or $288,985) on December 13, 2024. The buyback
price was GBX7.63.
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December 12 2024: HSBC buys back 1,038,479 shares
HSBC (HSBA.L) announced a buyback of 1,038,479 shares worth GBP7,822,966 (or $9,978,326) on December 11, 2024. The buyback
price was GBP7.53.
December 11 2024: HSBC buys back 3,130,466 shares
HSBC (HSBA.L) announced a buyback of 3,130,466 shares worth GBP23,490,391 (or $30,020,672) on December 10, 2024. The
buyback price was GBP7.50.
December 09 2024: HSBC buys back 1,834,198 shares
HSBC (HSBA.L) announced a buyback of 1,834,198 shares worth GBP13,761,070 (or $17,538,154) on December 09, 2024. The
buyback price was GBP7.50.
December 06 2024: HSBC buys back 1,543,333 shares
HSBC (HSBA.L) announced a buyback of 1,543,333 shares worth GBP11,498,140 (or $14,664,796) on December 06, 2024. The
buyback price was GBP7.45.
November 27 2024: HSBC buys back 5,338,713 shares
HSBC (HSBA.L) announced a buyback of 5,338,713 shares worth GBP38,988,621 (or $48,904,558) on November 27, 2024. The
buyback price was GBP7.30.
November 25 2024: HSBC buys back 4,432,444 shares
HSBC (HSBA.L) announced a buyback of 4,432,444 shares worth GBP32,370,582 (or $40,599,378) on November 25, 2024. The
buyback price was GBP7.30.
November 13 2024: HSBC buys back 8,145,877 shares
HSBC (HSBA.L) announced a buyback of 8,145,877 shares worth GBP56,885,103 (or $72,434,646) on November 13, 2024. The
buyback price was GBP6.98.
November 12 2024: HSBC buys back 5,089,877 shares
HSBC (HSBA.L) announced a buyback of 5,089,877 shares worth GBP35,254,015 (or $45,367,052) on November 12, 2024. The
buyback price was GBP6.93.
November 11 2024: HSBC buys back 4,291,360 shares
HSBC (HSBA.L) announced a buyback of 4,291,360 shares worth GBP29,941,248 (or $38,716,638) on November 11, 2024. The
buyback price was GBP6.98.
November 08 2024: HSBC buys back 5,442,969 shares
HSBC (HSBA.L) announced a buyback of 5,442,969 shares worth GBP37,933,684 (or $49,258,595) on November 08, 2024. The
buyback price was GBP6.97.
November 04 2024: HSBC buys back 3,441,056 shares
HSBC (HSBA.L) announced a buyback of 3,441,056 shares worth GBP24,716,761 (or $31,946,364) on November 04, 2024. The
buyback price was GBP7.18.
November 01 2024: HSBC buys back 3,776,906 shares
HSBC (HSBA.L) announced a buyback of 3,776,906 shares worth GBP268,814 (or $345,587) on November 01, 2024. The buyback
price was GBX7.12.
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October 24 2024: HSBC buys back 1,098,073 shares
HSBC (HSBA.L) announced a buyback of 1,098,073 shares worth GBP7,490,615 (or $9,694,526) on October 24, 2024. The buyback
price was GBP6.82.
October 22 2024: HSBC buys back 1,197,136 shares
HSBC (HSBA.L) announced a buyback of 1,197,136 shares worth GBP8,089,168 (or $10,501,252) on October 22, 2024. The buyback
price was GBP6.76.
October 21 2024: HSBC buys back 1,179,936 shares
HSBC (HSBA.L) announced a buyback of 1,179,936 shares worth GBP7,985,099 (or $10,418,893) on October 21, 2024. The buyback
price was GBP6.77.
October 18 2024: HSBC buys back 1,036,428 shares
HSBC (HSBA.L) announced a buyback of 1,036,428 shares worth GBP7,043,979 (or $9,162,456) on October 18, 2024. The buyback
price was GBP6.80.
October 17 2024: HSBC buys back 1,180,000 shares
HSBC (HSBA.L) announced a buyback of 1,180,000 shares worth GBP7,979,868 (or $10,373,868) on October 17, 2024. The buyback
price was GBP6.76.
October 16 2024: HSBC buys back 1,094,557 shares
HSBC (HSBA.L) announced a buyback of 1,094,557 shares worth GBP7,358,707 (or $9,627,264) on October 16, 2024. The buyback
price was GBP6.72.
October 14 2024: HSBC buys back 1,149,697 shares
HSBC (HSBA.L) announced a buyback of 1,149,697 shares worth GBP77,255 (or $100,934) on October 14, 2024. The buyback price
was GBX6.72.
October 11 2024: HSBC buys back 1,070,044 shares
HSBC (HSBA.L) announced a buyback of 1,070,044 shares worth GBP7,177,962 (or $9,369,057) on October 11, 2024. The buyback
price was GBP6.71.
October 10 2024: HSBC buys back 1,646,634 shares
HSBC (HSBA.L) announced a buyback of 1,646,634 shares worth GBP11,000,503 (or $14,402,651) on October 09, 2024. The buyback
price was GBP6.68.
October 10 2024: HSBC buys back 1,908,260 shares
HSBC (HSBA.L) announced a buyback of 1,908,260 shares worth GBP12,812,821 (or $16,756,133) on October 10, 2024. The buyback
price was GBP6.71.
October 08 2024: HSBC buys back 2,792,700 shares
HSBC (HSBA.L) announced a buyback of 2,792,700 shares worth GBP18,704,108 (or $24,468,266) on October 08, 2024. The buyback
price was GBP6.70.
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October 07 2024: HSBC buys back 5,528,535 shares
HSBC (HSBA.L) announced a buyback of 5,528,535 shares worth GBP38,117,590 (or $49,979,174) on October 04, 2024. The buyback
price was GBP6.89.
October 03 2024: HSBC buys back 5,706,330 shares
HSBC (HSBA.L) announced a buyback of 5,706,330 shares worth GBP39,046,704 (or $51,814,742) on October 03, 2024. The buyback
price was GBP6.84.
October 01 2024: HSBC buys back 4,501,683 shares
HSBC (HSBA.L) announced a buyback of 4,501,683 shares worth GBP30,000,566 (or $40,188,158) on October 01, 2024. The buyback
price was GBP6.66.
September 30 2024: HSBC buys back 3,532,294 shares
HSBC (HSBA.L) announced a buyback of 3,532,294 shares worth GBP23,769,513 (or $31,795,146) on September 30, 2024. The
buyback price was GBP6.73.
September 27 2024: HSBC buys back 3,949,606 shares
HSBC (HSBA.L) announced a buyback of 3,949,606 shares worth GBP26,899,582 (or $36,125,735) on September 27, 2024. The
buyback price was GBP6.81.
September 26 2024: HSBC buys back 5,707,129 shares
HSBC (HSBA.L) announced a buyback of 5,707,129 shares worth GBP38,718,305 (or $51,643,907) on September 26, 2024. The
buyback price was GBP6.78.
September 25 2024: HSBC buys back 3,626,247 shares
HSBC (HSBA.L) announced a buyback of 3,626,247 shares worth GBP24,265,394 (or $32,455,863) on September 25, 2024. The
buyback price was GBP6.69.
September 24 2024: HSBC buys back 5,597,011 shares
HSBC (HSBA.L) announced a buyback of 5,597,011 shares worth GBP37,946,615 (or $50,656,303) on September 24, 2024. The
buyback price was GBP6.78.
September 23 2024: HSBC buys back 4,687,500 shares
HSBC (HSBA.L) announced a buyback of 4,687,500 shares worth GBP31,305,469 (or $41,688,647) on September 23, 2024. The
buyback price was GBP6.68.
September 19 2024: HSBC buys back 4,835,573 shares
HSBC (HSBA.L) announced a buyback of 4,835,573 shares worth GBP32,292,440 (or $42,621,338) on September 19, 2024. The
buyback price was GBP6.68.
September 16 2024: HSBC buys back 2,055,091 shares
HSBC (HSBA.L) announced a buyback of 2,055,091 shares worth GBP13,554,147 (or $17,730,261) on September 13, 2024. The
buyback price was GBP6.60.
September 12 2024: HSBC buys back 3,252,069 shares
HSBC (HSBA.L) announced a buyback of 3,252,069 shares worth GBP21,400,240 (or $27,872,678) on September 12, 2024. The
buyback price was GBP6.58.
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September 10 2024: HSBC buys back 3,810,277 shares
HSBC (HSBA.L) announced a buyback of 3,810,277 shares worth GBP24,972,936 (or $32,671,893) on September 10, 2024. The
buyback price was GBP6.55.
September 09 2024: HSBC buys back 3,241,866 shares
HSBC (HSBA.L) announced a buyback of 3,241,866 shares worth GBP21,433,921 (or $28,146,704) on September 09, 2024. The
buyback price was GBP6.61.
August 23 2024: HSBC buys back 2,799,957 shares
HSBC (HSBA.L) announced a buyback of 2,799,957 shares worth GBP18,351,478 (or $24,029,609) on August 23, 2024. The buyback
price was GBP6.55.
August 20 2024: HSBC buys back 3,021,597 shares
HSBC (HSBA.L) announced a buyback of 3,021,597 shares worth GBP19,760,036 (or $25,652,854) on August 20, 2024. The buyback
price was GBP6.54.
August 19 2024: HSBC buys back 1,378,714 shares
HSBC (HSBA.L) announced a buyback of 1,378,714 shares worth GBP91,136 (or $117,957) on August 19, 2024. The buyback price
was GBX6.61.
August 16 2024: HSBC buys back 1,922,942 shares
HSBC (HSBA.L) announced a buyback of 1,922,942 shares worth GBP126,391 (or $162,577) on August 16, 2024. The buyback price
was GBX6.57.
August 09 2024: HSBC buys back 1,632,204 shares
HSBC (HSBA.L) announced a buyback of 1,632,204 shares worth GBP10,474,669 (or $13,345,252) on August 09, 2024. The buyback
price was GBP6.42.
August 08 2024: HSBC buys back 3,067,198 shares
HSBC (HSBA.L) announced a buyback of 3,067,198 shares worth GBP19,642,029 (or $24,932,629) on August 07, 2024. The buyback
price was GBP6.40.
August 02 2024: HSBC buys back 3,856,219 shares
HSBC (HSBA.L) announced a buyback of 3,856,219 shares worth GBP25,058,097 (or $31,998,212) on August 02, 2024. The buyback
price was GBP6.50.
July 22 2024: HSBC buys back 2,500,000 shares
HSBC (HSBA.L) announced a buyback of 2,500,000 shares worth GBP166,764,000 (or $215,470,094) on July 22, 2024. The buyback
price was GBP66.71.
July 12 2024: HSBC buys back 2,996,400 shares
HSBC (HSBA.L) announced a buyback of 2,996,400 shares worth GBP203,200,566 (or $262,477,220) on July 12, 2024. The buyback
price was GBP67.81.
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July 10 2024: HSBC buys back 868,487 shares
HSBC (HSBA.L) announced a buyback of 868,487 shares worth GBP5,799,756 (or $7,414,588) on July 10, 2024. The buyback price
was GBP6.68.
July 09 2024: HSBC buys back 8,437,837 shares
HSBC (HSBA.L) announced a buyback of 8,437,837 shares worth GBP56,344,500 (or $72,262,723) on July 09, 2024. The buyback price
was GBP6.68.
July 08 2024: HSBC buys back 6,420,523 shares
HSBC (HSBA.L) announced a buyback of 6,420,523 shares worth GBP43,316,700 (or $55,461,707) on July 08, 2024. The buyback price
was GBP6.75.
July 05 2024: HSBC buys back 7,632,897 shares
HSBC (HSBA.L) announced a buyback of 7,632,897 shares worth GBP51,630,442 (or $65,884,110) on July 05, 2024. The buyback price
was GBP6.76.
July 03 2024: HSBC buys back 4,209,305 shares
HSBC (HSBA.L) announced a buyback of 4,209,305 shares worth GBP28,882,146 (or $36,611,817) on July 03, 2024. The buyback price
was GBP6.86.
June 24 2024: HSBC buys back 2,952,593 shares
HSBC (HSBA.L) announced a buyback of 2,952,593 shares worth GBP20,410,980 (or $25,816,583) on June 24, 2024. The buyback
price was GBP6.91.
June 17 2024: HSBC buys back 2,112,407 shares
HSBC (HSBA.L) announced a buyback of 2,112,407 shares worth GBP14,424,360 (or $18,300,157) on June 17, 2024. The buyback
price was GBP6.83.
June 07 2024: HSBC buys back 2,414,885 shares
HSBC (HSBA.L) announced a buyback of 2,414,885 shares worth GBP16,715,110 (or $21,367,292) on June 07, 2024. The buyback
price was GBP6.92.
June 06 2024: HSBC buys back 2,106,530 shares
HSBC (HSBA.L) announced a buyback of 2,106,530 shares worth GBP14,523,471 (or $18,544,948) on June 06, 2024. The buyback
price was GBP6.89.
June 05 2024: HSBC buys back 4,991,930 shares
HSBC (HSBA.L) announced a buyback of 4,991,930 shares worth GBP34,251,129 (or $43,781,609) on June 05, 2024. The buyback
price was GBP6.86.
June 04 2024: HSBC buys back 4,578,159 shares
HSBC (HSBA.L) announced a buyback of 4,578,159 shares worth GBP31,535,733 (or $40,342,118) on June 04, 2024. The buyback
price was GBP6.89.
June 03 2024: HSBC buys back 2,890,407 shares
HSBC (HSBA.L) announced a buyback of 2,890,407 shares worth GBP20,113,475 (or $25,625,513) on June 03, 2024. The buyback
price was GBP6.96.
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May 30 2024: HSBC buys back 3,263,293 shares
HSBC (HSBA.L) announced a buyback of 3,263,293 shares worth GBP22,526,838 (or $28,636,499) on May 30, 2024. The buyback
price was GBP6.90.
May 29 2024: HSBC buys back 4,040,273 shares
HSBC (HSBA.L) announced a buyback of 4,040,273 shares worth GBP27,690,011 (or $35,399,602) on May 29, 2024. The buyback
price was GBP6.85.
May 28 2024: HSBC buys back 3,634,046 shares
HSBC (HSBA.L) announced a buyback of 3,634,046 shares worth GBP24,957,174 (or $31,874,355) on May 28, 2024. The buyback
price was GBP6.87.
May 27 2024: HSBC buys back 1,907,200 shares
HSBC (HSBA.L) announced a buyback of 1,907,200 shares worth HKD131,913,967 (or $16,895,409) on May 27, 2024. The buyback
price was HKD69.17.
May 24 2024: HSBC buys back 3,999,153 shares
HSBC (HSBA.L) announced a buyback of 3,999,153 shares worth GBP27,710,931 (or $35,240,490) on May 24, 2024. The buyback
price was GBP6.93.
May 23 2024: HSBC buys back 4,104,105 shares
HSBC (HSBA.L) announced a buyback of 4,104,105 shares worth GBP28,450,887 (or $36,234,282) on May 23, 2024. The buyback
price was GBP6.93.
May 22 2024: HSBC buys back 2,991,832 shares
HSBC (HSBA.L) announced a buyback of 2,991,832 shares worth GBP20,844,991 (or $26,490,107) on May 22, 2024. The buyback
price was GBP6.97.
May 20 2024: HSBC buys back 3,177,637 shares
HSBC (HSBA.L) announced a buyback of 3,177,637 shares worth GBP22,125,886 (or $28,069,408) on May 20, 2024. The buyback
price was GBP6.96.
May 17 2024: HSBC buys back 4,535,571 shares
HSBC (HSBA.L) announced a buyback of 4,535,571 shares worth GBP31,548,978 (or $40,003,000) on May 17, 2024. The buyback
price was GBP6.96.
May 15 2024: HSBC buys back 3,332,279 shares
HSBC (HSBA.L) announced a buyback of 3,332,279 shares worth GBP23,503,563 (or $29,586,145) on May 15, 2024. The buyback
price was GBP7.05.
May 14 2024: HSBC buys back 2,863,038 shares
HSBC (HSBA.L) announced a buyback of 2,863,038 shares worth GBP20,175,542 (or $25,339,937) on May 14, 2024. The buyback
price was GBP7.05.
United Kingdom Edition Friday, March 14, 2025
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May 10 2024: HSBC buys back 3,375,310 shares
HSBC (HSBA.L) announced a buyback of 3,375,310 shares worth GBP23,531,311 (or $29,421,387) on May 10, 2024. The buyback
price was GBP6.97.
April 23 2024: HSBC buys back 1,225,000 shares
HSBC (HSBA.L) announced a buyback of 1,225,000 shares worth GBP8,168,055 (or $10,079,135) on April 23, 2024. The buyback price
was GBP6.67.
April 22 2024: HSBC buys back 2,892,130 shares
HSBC (HSBA.L) announced a buyback of 2,892,130 shares worth GBP19,184,366 (or $23,750,111) on April 22, 2024. The buyback
price was GBP6.63.
April 18 2024: HSBC buys back 2,619,358 shares
HSBC (HSBA.L) announced a buyback of 2,619,358 shares worth GBP16,826,232 (or $20,933,936) on April 18, 2024. The buyback
price was GBP6.42.
April 17 2024: HSBC buys back 1,845,574 shares
HSBC (HSBA.L) announced a buyback of 1,845,574 shares worth GBP11,783,067 (or $14,653,045) on April 17, 2024. The buyback
price was GBP6.38.
April 16 2024: HSBC buys back 2,852,821 shares
HSBC (HSBA.L) announced a buyback of 2,852,821 shares worth GBP18,177,605 (or $22,657,930) on April 16, 2024. The buyback
price was GBP6.37.
April 12 2024: HSBC buys back 4,619,269 shares
HSBC (HSBA.L) announced a buyback of 4,619,269 shares worth GBP30,275,613 (or $37,946,182) on April 12, 2024. The buyback
price was GBP6.55.
April 11 2024: HSBC buys back 4,758,453 shares
HSBC (HSBA.L) announced a buyback of 4,758,453 shares worth GBP31,133,130 (or $39,042,969) on April 11, 2024. The buyback
price was GBP6.54.
April 10 2024: HSBC buys back 4,318,640 shares
HSBC (HSBA.L) announced a buyback of 4,318,640 shares worth GBP284,572 (or $360,610) on April 10, 2024. The buyback price was
GBX6.59.
April 05 2024: HSBC buys back 3,966,251 shares
HSBC (HSBA.L) announced a buyback of 3,966,251 shares worth GBP25,319,753 (or $32,071,265) on April 05, 2024. The buyback
price was GBP6.38.
April 04 2024: HSBC buys back 3,362,900 shares
HSBC (HSBA.L) announced a buyback of 3,362,900 shares worth GBP21,527,941 (or $27,195,149) on April 04, 2024. The buyback
price was GBP6.40.
April 03 2024: HSBC buys back 2,954,237 shares
HSBC (HSBA.L) announced a buyback of 2,954,237 shares worth GBP18,526,020 (or $23,237,947) on April 03, 2024. The buyback
price was GBP6.27.
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April 02 2024: HSBC buys back 2,598,716 shares
HSBC (HSBA.L) announced a buyback of 2,598,716 shares worth GBP16,228,722 (or $20,356,351) on April 02, 2024. The buyback
price was GBP6.24.
March 28 2024: HSBC buys back 2,295,050 shares
HSBC (HSBA.L) announced a buyback of 2,295,050 shares worth GBP14,304,358 (or $18,064,559) on March 28, 2024. The buyback
price was GBP6.23.
March 27 2024: HSBC buys back 2,746,387 shares
HSBC (HSBA.L) announced a buyback of 2,746,387 shares worth GBP16,942,461 (or $21,393,941) on March 27, 2024. The buyback
price was GBP6.17.
March 26 2024: HSBC buys back 2,172,333 shares
HSBC (HSBA.L) announced a buyback of 2,172,333 shares worth GBP13,610,752 (or $17,210,756) on March 26, 2024. The buyback
price was GBP6.27.
March 25 2024: HSBC buys back 2,286,452 shares
HSBC (HSBA.L) announced a buyback of 2,286,452 shares worth GBP14,235,907 (or $17,950,070) on March 25, 2024. The buyback
price was GBP6.23.
March 22 2024: HSBC buys back 1,744,664 shares
HSBC (HSBA.L) announced a buyback of 1,744,664 shares worth GBP10,920,550 (or $13,833,181) on March 22, 2024. The buyback
price was GBP6.26.
May 16 2024: HSBC : Chairman's Statement
Group Chairman's statement
Many of our customers and colleagues are living through very difficult times. Higher interest rates have had a significant impact on
businesses and households, and we will remain conscious of this with interest rates expected to begin to fall back in 2024. The wars
between Russia and Ukraine, and now between Israel and Hamas, are absolutely devastating. Our thoughts are with all those
impacted, including our colleagues in those parts of the world, and their families and friends. Their resilience, professionalism and
care for one another during these most testing of times has been, and is, exceptional.
Progress and performance
Turning to our performance, I want to again pay tribute to my colleagues. The record profit performance that we delivered in 2023
was supported by the impact of interest rates on our strong balance sheet, but it was also testament to the tireless efforts of our
people around the world. I would like to thank them sincerely for their hard work, dedication and commitment to serving our
customers.
In 2023, reported profit before tax was $30.3bn, which was an increase of $13.3bn compared with 2022. This was due mainly to
higher revenue and a number of notable items. Our three global businesses delivered good revenue growth, and we ended the
year with strong capital, funding and liquidity positions. We remain committed to sharing the benefits of our improved
performance with our shareholders. The Board approved a fourth quarterly dividend of $0.31 per share, bringing the total dividend
for 2023 to $0.61 per share. Furthermore, in 2023 we announced three share buy-backs worth a total of $7bn and, today, have
announced a further share buyback of up to $2bn.
The planned sale of our banking operations in Canada received final approval from the Canadian government at the end of last
year.
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August 01 2024: HSBC: Half-year Report - Part 1
HSBC Holdings plc
Interim Report 2024 In fulfilment of its obligations under sections 4.2.2, 6.3.3(2) and 6.3.5(1) of the Disclosure Guidance and
Transparency Rules, HSBC Holdings plc (the "Company") hereby releases the unedited full text of its 2024 Interim Report (the "Interim
Report") for the half-year ended 30 June 2024.
The document is now available on the Company's website at:
https://www.hsbc.com/investors/results-and-announcements/all-reporting/group
Source: London Stock Exchange
August 01 2024: HSBC: Half-year Report - Part 4
Independent review report to HSBC Holdings plc
Report on the interim condensed consolidated financial statements
Our conclusion
We have reviewed HSBC Holdings plc's interim condensed consolidated financial statements (the 'interim financial statements') in
the Interim Report 2024 of HSBC Holdings plc for the six month period ended 30 June 2024 (the 'period').
Based on our review, nothing has come to our attention that causes us to believe that the interim condensed consolidated
financial statements are not prepared, in all material respects, in accordance with the basis of the policies set out in the 2023
annual financial statements, International Accounting Standards 34 ('IAS 34') 'Interim Financial Reporting' as adopted by the United
Kingdom ('UK'), IAS 34 'Interim Financial Reporting' as issued by the International Accounting Standards Board ('IASB'), IAS 34 'Interim
Financial Reporting' as adopted by the European Union ('EU'), and the Disclosure Guidance and Transparency Rules sourcebook of
the UK's Financial Conduct Authority.
Source: London Stock Exchange
July 31 2024: HSBC: Half-year Report - Part 2
Key financial measures: basis of preparation
Return on average tangible equity excluding notable items
From 1 January 2024, we revised the adjustments made to our adjusted RoTE measure. Prior to this we adjusted RoTE for the impact
of strategic transactions and the impairment of our investment in Bank of Communications Co., Limited ('BoCom'), whereas from 1
January 2024 we have excluded all notable items. This was intended to improve alignment with the treatment of notable items in
our other income statement disclosures. RoTE excluding notable items has been re-presented for 1H23 on the revised basis and we
no longer disclose RoTE excluding strategic transactions and the impairment of BoCom. The calculation for RoTE excluding notable
items adjusts the 'profit attributable to the ordinary shareholders, excluding goodwill and other intangible assets impairment' for the
post-tax impact of notable items. It also adjusts the 'average tangible equity' for the post-tax impact of notable items in each
period, which remain as adjusting items for all relevant periods within that calendar year. For a reconciliation from return on equity
to RoTE excluding notable items, see page 58. We will now target a RoTE excluding notable items in the mid-teens for both 2024
and 2025. We do not reconcile our forward RoTE guidance to the equivalent reported measure.
Source: London Stock Exchange
United Kingdom Edition Friday, March 14, 2025
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July 31 2024: HSBC Holdings plc 2024 Interim Results
Financial performance in 1H24
- Profit before tax of $21.6bn was stable compared with 1H23, including a $0.2bn net favourable revenue impact of notable items
relating to gains and losses recognised on certain strategic transactions. Profit after tax of $17.7bn was $0.4bn or 2% lower
compared with 1H23.
- In 1H24, we completed the disposal of our banking business in Canada, recognising a gain of $4.8bn. We also recognised an
impairment of $1.2bn following the classification of our business in Argentina as held for sale. Results in 1H23 included the impact of
a $2.1bn reversal of an impairment relating to the sale of our retail banking operations in France and a $1.5bn gain recognised on
the acquisition of Silicon Valley Bank UK Limited ('SVB UK').
- Constant currency profit before tax excluding notable items was stable at $18.1bn compared with 1H23, as revenue growth and
lower expected credit losses and other impairment charges ('ECL') were offset by a rise in operating expenses.
- Revenue rose by $0.4bn or 1% to $37.3bn compared with 1H23, including the gains and losses on certain strategic transactions
described above. Net interest income ('NII') fell by $1.4bn, as growth in HSBC UK and a number of other markets was more than
offset by reductions due to business disposals, deposit migration, and redeployment into the trading book in HSBC Bank plc and
our main entity in Hong Kong. The increase in funding costs associated with funding the trading book resulted in an increase in
banking net interest income ('banking NII') of $0.3bn or 1%.
- Revenue growth also reflected the impact of higher customer activity in our Wealth products in Wealth and Personal Banking
('WPB'), and in Equities and Securities Financing in Global Banking and Markets ('GBM'). Constant currency revenue excluding
notable items rose by 2% to $33.7bn, primarily due to growth in Wealth in WPB, in Equities and Securities Financing in GBM, as well
as an increase in Global Payment Solutions ('GPS').
- Net interest margin ('NIM') of 1.62% decreased by 8 basis points ('bps') compared with 1H23, reflecting a rise in the funding cost of
average interest-bearing liabilities.
- ECL charges were $1.1bn, a reduction of $0.3bn compared with 1H23.
July 10 2024: HSBC: GRANT OF CONDITIONAL AWARDS
HSBC HOLDINGS PLC GRANT OF CONDITIONAL AWARDS
This announcement is made pursuant to Rules 17.06A, 17.06B and 17.06C of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited.
On 9 July 2024, HSBC Holdings plc (the "Company") granted conditional awards ("Awards") to employees to subscribe for a total of
465,535.08977 ordinary shares of US$0.50 each of the Company under the HSBC International Employee Share Purchase Plan (the
"Plan").
Source: London Stock Exchange
April 30 2024: HSBC Holdings 1Q24 earnings release
Noel Quinn, Group Chief Executive, said:
"I'm pleased with our start to 2024. We completed the sale of our Canada business and agreed the sale of our Argentina business,
both of which allow us to focus on markets with higher value international opportunities. Our good profit performance of $12.7bn in
the first quarter has enabled us to continue the trend of rewarding our shareholders. We have announced a total of $8.8bn of
distributions, consisting of a first interim dividend for 2024 of $0.10 per share, a special dividend of $0.21 per share from the Canada
sale proceeds, and a new share buy-back of up to $3bn. Our 2024 guidance remains unchanged, including a mid-teens return on
average tangible equity and continued cost discipline."
Source: London Stock Exchange
United Kingdom Edition Friday, March 14, 2025
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INDEX (Click tab for direct access)
Section 1 HSBC (HSBA) 1
Fig 3: HSBC (HSBA) Stock Dashboard [traded in British Pound, GBP] End-of-Day Fri, Mar 14 2
Fig 4: Past Quarter Snapshot 2
Fig 5: Recent News and Research 3
Section 2 The Past Year: Press Releases 4
Fig 6: Press Releases and Corporate Wire 4
Fig 7: Net reported buyback transactions 5
Fig 8: Insider Selling 6
Fig 9: Insider Buying 6
Section 3 Bullish Signals 6
Relative Value Indicators: Undervaluation compared with Index averages and bond yield 6
3-DAY: MODERATE MOMENTUM UP 7
Fig 10: Rank in the top 10% by Price Performance in the United Kingdom market 7
Uptrend 7
Other Bullish Signals 7
Oversold/Bullish Signals 7
Section 4 Ongoing Bullish Parameters 8
Fig 11: Past four-years 8
Fig 12: Rank in the top 99% by Liquidity in the United Kingdom market 8
Fig 13: Present Value of GBP1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVGBP1000 > 1,140 8
Fig 14: The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 14 8
Fig 15: Moving Annual Return of 64.4% in the past year 9
Fig 16: MCap: 5-Year Increase of GBP60 B [$781M] (64%) 9
Fig 17: Buybacks and 3-Years Decrease of 8.5% in Total Shares on Issue 9
Fig 18: Created Market Value [CMV] past 2 yrs of GBP1.9 billion ($2.5 billion) 10
Fig 19: Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 16.1% 10
Fig 20: Improved EBIT Margins 10
Fig 21: A 42.2% Decrease in Insider Selling 11
Fig 22: Increased VWAP, up 163% in 5 years 11
Fig 23: Increased share turnover, up 79% in 5 years 11
Fig 24: Satisfies one criterion of Benjamin Graham 12
Fig 25: Satisfies 5 out of 9 criteria of Joseph Piotroski [pass mark 5] 12
Fig 26: Price > Moving Avg Price 12
Fig 27: Turnover Period Above Average 13
Fig 28: Rank in the FTSE 100 Index 13
Section 5 Bearish Signals 14
Fig 29: PAST MONTH: STRONG MOMENTUM DOWN - HSBA dips 1.3% fuelled by week's volume 1.5 times average 14
Downtrend 15
Section 6 Ongoing Bearish Parameters 15
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Fig 30: Rank in the bottom 17% by Growth in the United Kingdom market 15
Fig 31: HSBC sees dividend fall for a second consecutive year 15
Fig 32: P/E/G > 1 15
Fig 33: Declining Volume, down 32% in 5 years 16
Fig 34: Slipping Relative Strength 16
Section 7 Corporate Profile 17
Fig 35: Contact Details 17
Fig 36: Industry & Sector [of 609 stocks] 17
Section 8 Bank Metrics 17
Fig 37: Bank Metrics (FY2024) 17
Section 9 Dividend 18
Fig 38: Dividend History 18
Fig 39: Annual Dividends - Past 4 years (GBX) 18
Section 10 Top Management 18
Fig 40: Top Management 18
Fig 41: Profiles of Top Management 19
Noel Quinn (CEO) 19
Mark Tucker (Independent Non-Executive Chairman & Director) 19
Section 11 Insider Transaction in the Past 10 Years 20
Fig 42: Insider buying Summary in the past 12 months 20
Fig 43: Noel Quinn [CEO] Reported Buying In The Past 12 Months 20
Fig 44: Georges Bahjat Elhedery [CFO] Reported Buying In The Past 12 Months 20
Fig 45: Brendan Robert Nelson [Non-Executive Independent Director] Reported Buying In The Past 12 Months 20
Fig 46: Noel Quinn [CEO] Reported Selling In The Past 12 Months 20
Section 12 HSBC Preferred Shares 21
Section 13 Stock Identifiers 21
Section 14 News Archives 21
Fig 47: News Archives (Mar 2024 - Dec 2024) 21
United Kingdom Edition Friday, March 14, 2025
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Glossary
Annual Return (Fig 15):
Dividends Paid In a 12-Month Period/Price at the Beginning of the Period
+ Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Current Ratio:
Current Assets/Current Liabilities (times)
Dividend Yield (Fig 9):
Dividend Per Share/Share Price (%)
EBIT Margin (Fig 20):
Earnings Before Interest and Tax/Revenue (%)
Income during the n years (3/2/1) (Fig 38):
Dividends received during the Period
PVGBP1000 (Fig 10, 13):
Present value of GBP1000 invested 1 year/'n' years ago
Price/Earnings (Fig 32, 28):
Share Price/Earnings Per Share (times)
Price/NTA (Fig 28):
Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]:
Relative price change is price change of stock with respect to
Benchmark Index
Relative Strength (n-th Period) (Fig 34, 10):
Price close today/Price close 'n' periods ago, then ranked by percentile
within the entire market.
Return on Equity (Shareholders' Funds) (Fig 28):
Net Profit/Net Assets (%)
TSR (Fig 19):
Total Shareholder Returns is expressed as an annualized rate of return for
shareholders after allowing for capital appreciation and dividend
TTM:
Trailing 12 Months
Turnover Period (Fig 27):
Time Period required for trading all Outstanding Shares
Turnover Rate (Fig 27):
Great Britain Pound value of annual trading volume as a percentage of
market capitalisation
Volume Weighted Average Price (VWAP) (Fig 22):
The Volume Weighted Average Price (VWAP) is the summation of
turnover divided by total volume in the same period.
Momentum Up Price increase fuelled by above average Volume
Weak Momentum Up Price increase on below average Volume
Momentum Down Price decrease fuelled by above average Volume
Weak Momentum Down Price decrease on below average Volume
BuySellSignals Financial Research provides equity research on over 48,000 companies listed in
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specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before
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