HSBCHSBC
HSBC
About: Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates in around 60 countries with around 220,000 full-time staff. The United Kingdom and Hong Kong are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.
Employees: 221,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 137
1.17% more ownership
Funds ownership: 0.34% [Q2] → 1.5% (+1.17%) [Q3]
7% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 44
1% more funds holding
Funds holding: 416 [Q2] → 419 (+3) [Q3]
7% less call options, than puts
Call options by funds: $161M | Put options by funds: $173M
10% less capital invested
Capital invested by funds: $2.64B [Q2] → $2.37B (-$269M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HSBC.
Financial journalist opinion
Based on 39 articles about HSBC published over the past 30 days
Neutral
Business Wire
1 day ago
HSBC Continental Europe Enters Into a Memorandum of Understanding Regarding Potential Sale of HSBC Assurances Vie (France) to Matmut Société d'Assurance Mutuelle
PARIS--(BUSINESS WIRE)--Regulatory News: HSBC Continental Europe has signed a Memorandum of Understanding (‘MOU‘) regarding the potential sale of its French life insurance business, HSBC Assurances Vie (France), to Matmut Société d'Assurance Mutuelle (‘Matmut') (the “Potential Transaction”). HSBC Assurances Vie (France) provides a wide range of life insurance solutions and services, with over 20 billion euros of outstanding assets, net income1 of 77 million euros and a Solvency II ratio of 287%.
Positive
Reuters
2 days ago
HSBC Chairman to lead pivotal UK business delegation to China
HSBC Chairman Mark Tucker will lead the British government's most important business delegation to China since 2018 next month, sources told Reuters, as Chancellor Rachel Reeves seeks to attract greater Chinese investment into Britain.
Neutral
Reuters
3 days ago
HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%
HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.
Neutral
Business Wire
3 days ago
HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate
NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, incl.
Neutral
Business Wire
3 days ago
HSBC Launches New Mortgage Assistance Program–CommunityWorks Opening Doors Grant
NEW YORK--(BUSINESS WIRE)--HSBC announced today the launch of HSBC CommunityWorks Opening Doors, a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025. The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing co.
Neutral
Reuters
4 days ago
HSBC appoints insider John Shipman as interim CEO of Swiss Private Bank
HSBC on Tuesday appointed insider John Shipman as interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, effective Jan. 1, 2025.
Negative
Zacks Investment Research
5 days ago
HSBC's Unit Sued by ASIC Over Systemic Failures in Scam Prevention
ASIC sues HSBC Australia for failing to protect its customers from fraudulent activities and seeks penalties and measures to prevent future misconduct.
Neutral
Zacks Investment Research
5 days ago
HSBC Mulls Over Streamlining Retail Banking Business in Mexico
HSBC considers streamlining its retail banking business in Mexico amid cost mitigation efforts and a shift in focus toward wealth management operation.
Neutral
Business Wire
5 days ago
HSBC Report Shows Venture Ecosystem Recalibrates for Economic Growth While Private Companies Contend with Exit Backlog and Investor Shift to AI
NEW YORK--(BUSINESS WIRE)--HSBC Innovation Banking published today its latest quarterly outlook for the U.S. technology sector, exploring major trends shaping startup development, venture activity, and big tech strategies in the age of AI. The report identifies three defining themes: A growing concentration of venture activity within AI, with U.S. venture investment in AI companies nearing the scale of capital allocated to the rest of the venture market Massive R&D spending from Mag7 compan.
Negative
PYMNTS
5 days ago
HSBC Australia Sued for ‘Widespread' Anti-Fraud Failings
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments.
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