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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings plc    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/22 11:35:08 am
407.35 GBX   -1.51%
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HSBC : The banking industry must lead Europe's recovery

11/23/2020 | 06:51am EST

The financial services industry must play a leading role in supporting European economies as they move through the ongoing crisis into recovery, according to HSBC Group Chairman Mark Tucker.

He was speaking at the opening of the 2020 European Banking Congress, which brings together senior bankers from across Europe. It was the first time HSBC has chaired the prestigious event, held virtually this year because of COVID-19.

Mr Tucker said: 'Over the last nine months, alongside government stimulus and relief packages, banks have been at the forefront of providing businesses and individuals with the support they have so desperately needed, and building an economic and financial bridge to recovery and future growth.'

But he warned the banking sector alone cannot deliver all the support that will be needed.

'While we will continue to play our full role in the meantime, we must also do all we can to ensure that expectations of the support that banks will provide do not exceed what we alone are able to deliver.

'The fact is that some parts of the economy won't recover quickly and may need to change significantly if they are to recover at all. Industries that are fundamentally reshaped will need more support, and this will require a real team effort from all sectors - from debt and equity, from public and private markets - locally, regionally, and across the EU.'

Disclaimer

HSBC Holdings plc published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 11:50:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 49 996 M - -
Net income 2020 3 533 M - -
Net Debt 2020 - - -
P/E ratio 2020 32,5x
Yield 2020 1,68%
Capitalization 113 B 113 B -
Capi. / Sales 2020 2,26x
Capi. / Sales 2021 2,30x
Nbr of Employees 230 317
Free-Float 98,2%
Chart HSBC HOLDINGS PLC
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HSBC Holdings plc Technical Analysis Chart | HSBA | GB0005405286 | MarketScreener
Technical analysis trends HSBC HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 5,32 $
Last Close Price 5,57 $
Spread / Highest target 32,9%
Spread / Average Target -4,50%
Spread / Lowest Target -25,3%
EPS Revisions
Managers and Directors
NameTitle
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
John M. Hinshaw Group Chief Operating Officer
Ewen James Stevenson Chief Financial Officer & Executive Director
Steven C. van Wyk Chief Information Officer
Sector and Competitors