Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. HSBC Holdings plc
  6. News
  7. Summary
    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/16 11:35:20 am
368.9 GBX   -0.95%
04:38aSAUDI TELECOM : Unit Seeks $960 Million Via IPO Priced At Top Value
MT
02:01aSuperdry Plc - Preliminary Results announcement -18-
DJ
12:47aNew Zealand dlr gets no lasting lift from super-strong GDP data
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HSBC : reported profit grew 268% in first half of 2021

08/02/2021 | 03:33am EDT

Shanghai, China, Aug 2 (EFE).- British bank HSBC on Monday announced that its reported profit attributable to ordinary shareholders was $7.28 billion in the first half of the year, increasing its earnings by 268 percent over the same period in 2020.

Between January and June, HSBC's revenue decreased by 4.46 percent to $25.55 billion, which the bank attributes to interest rate cuts in 2020 and lower revenue in Markets and Securities Services (MSS).

"These are good results that reflect the return of growth in our main markets and marked progress in the execution of our strategy," Noel Quinn, Group Chief Executive, said in the bank's interim results posted on its website.

All regions proved to be profitable in the first year of 2021, especially Asia, where profit before tax rose by 64 percent to $6.94 billion.

In Europe, the bank managed to get out of losses to post a pre-tax profit of $1.97 billion.

In North America, HSBC's profit before tax increased by 7.4 percent and in the Middle East and North Africa by 6.7 percent.

The largest bank in Europe's total profit before tax grew 151 percent year-on-year to $10.84 billion.

The bank's net operating income was $26.52 billion in the first half of the year, an increase of 30.6 percent over the first six months of 2020, when the group had begun to suffer the effects of the crisis caused by the Covid-19 pandemic.

Net loans and advances to customers increased by $21.52 billion to $1.06 trillion while deposits grew by $26.3 billion to $1.67 trillion.

In view of the bank's results, the Board has approved a dividend of $0.07 per ordinary share for the first half of 2021. EFE

© 2021 EFE News Services (U.S.) Inc., source EFE Ingles

All news about HSBC HOLDINGS PLC
04:38aSAUDI TELECOM : Unit Seeks $960 Million Via IPO Priced At Top Value
MT
02:01aSuperdry Plc - Preliminary Results announcement -18-
DJ
12:47aNew Zealand dlr gets no lasting lift from super-strong GDP data
RE
09/15GEELY AUTOMOBILE : in Advanced Talks to List Volvo, Eyes $20 Billion Valuation; ..
MT
09/15PRESS RELEASE : DIC Asset AG prices first Green Bond of EUR 400 million - anothe..
DJ
09/15STOXX EUROPE 600 : Volvo Cars Prepares For Upcoming IPO in Stockholm
MT
09/15PRESS RELEASE : DIC Asset AG: Pre Stabilisation Notice
DJ
09/15Volvo Cars gears up for $20 billion IPO in coming weeks, sources say
RE
09/15WALL STREET STOCK EXCHANGE : Yes, the global economic recovery is slowing
09/15COMPASS : HSBC Raises Compass Group's Rating To Buy
MT
More news
Analyst Recommendations on HSBC HOLDINGS PLC
More recommendations
Financials (USD)
Sales 2021 50 214 M - -
Net income 2021 10 846 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,0x
Yield 2021 4,50%
Capitalization 103 B 103 B -
Capi. / Sales 2021 2,06x
Capi. / Sales 2022 1,99x
Nbr of Employees 222 550
Free-Float 98,2%
Chart HSBC HOLDINGS PLC
Duration : Period :
HSBC Holdings plc Technical Analysis Chart | HSBA | GB0005405286 | MarketScreener
Technical analysis trends HSBC HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 5,16 $
Average target price 6,63 $
Spread / Average Target 28,6%
EPS Revisions
Managers and Directors
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Ewen James Stevenson Chief Financial Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
Steven C. van Wyk Chief Information Officer
John M. Hinshaw Group Chief Operating Officer
Sector and Competitors