Hsbc Holdings Stock News

Rising interest rates worldwide to lift income, bank says

The banking group said it will now purchase up to $1billion more of its own shares once it completes its current $2billion share buyback programme, alongside a dividend of 18 cents per share.

The group reported pre-tax profits of 18.9 billion US dollars (£13.9 billion) for 2021, up from 8.8 billion US dollars (£6.5 billion) in 2020.

Comment: Not all boats are rising as economy recovers

HSBC records a rise in adjusted revenues in the fourth quarter of 2021. Adjusted expenses witness a y/y decline.

Charge covers ''recent developments in commercial real estate'', as developers such as Evergrande struggle

Banking giant HSBC has handed out a mammoth $3.5bn (3bn) in bonuses as it revealed annual profits more than doubled.

HSBC s bonus pot for top bankers jumped by a third to £2.6 billion while chief executive Noel Quinn took home £9 million it emerged today.

Global banking and financial services company HSBC announced today new financed emissions reduction targets for the carbon intensive Oil & Gas and Power & Utilities sectors, initiating the next step on its stated strategy to align its financing activities with the goals of the Paris Agreement and move to net zero by 2050. Dr Celine [] The post HSBC to Slash Financed Emissions from Oil & Gas Clients by 34% by 2030, 75% for Power & Utilities appeared first on ESG Today .

HSBC Holdings plc (HSBC) CEO Noel Quinn on Q4 2021 Results - Earnings Call Transcript

The stock price of HSBC Holdings plc (NYSE: HSBC) increased by over 0.7% pre-market today. This is why.

HSBC announced plans Tuesday to buy back up to another $1 billion in shares as it outlined a "significantly" brighter outlook due to the prospect of rising interest rates around the world.

HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank''s sustainability chief told Reuters, marking the first time that Britain''s biggest lender has committed to such a target.

LONDON : HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34per cent this decade, the bank''s sustainability chief told Reuters, marking the first time that Britain''s biggest lender has committed to such a target.More than 100 banks have pledged to reach net zero carbon e

HSBC, the biggest of Hong Kongs three currency-issuing banks, said its fourth-quarter profit more than tripled as it benefited from gains in its commercial lending and global trade financing.The banks net profit jumped to US$1.79 billion in the three months ended in December, from US$562 million in the same quarter in 2020.That bolstered HSBCs 2021 net income to US$12.6 billion, from US$3.89 billion in 2020. Pre-tax profit jumped to US$18.9 billion, more than the US$8.8 billion in 2020, but