HSBC Holdings plc offers banking and financial products and services globally. The company is headquartered in London, the United Kingdom.
| Revenue (TTM) | $67.44B |
| Gross Profit (TTM) | $67.44B |
| EBITDA | — |
| Operating Margin | 52.20% |
| Return on Equity | 14.20% |
| Return on Assets | 0.84% |
| Revenue/Share (TTM) | $4.92 |
| Book Value | $12.67 |
| Price-to-Book | 1.56 |
| Price-to-Sales (TTM) | 4.46 |
| EV/Revenue | 1.336 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 46.40% |
| Quarterly Revenue Growth (YoY) | 6.00% |
| Shares Outstanding | $3.42B |
| Float | $13.55B |
| % Insiders | 0.01% |
| % Institutions | 2.47% |
Volatility is currently expanding
HSBC targets $2 billion in annual savings by 2026 as restructuring improves cost efficiency, boosts profitability and supports earnings growth.
HSBC NYSE: HSBC reported third-quarter revenue growth of 5% and a 10% increase in profit before tax excluding notable items, while reaffirming its full-year guidance and announcing an up to $1 billion share buyback.
HSBC's share price has been in a steep sell-off over the past few months, mirroring the weakness across other European banks. After peaking at 1,608p in August, the stock has fallen to 1,365p, wiping out billions of pounds in market value.
The bank said quarterly results were supported by growth in banking net interest income and lower expected credit losses.
HSBC's revenue rose year-on-year to $18.6 billion. The bank's third-quarter profit before tax rose 32% from a year earlier to $9.6 billion.
HSBC reported a 32% surge in third-quarter profit on Tuesday, as rate hikes helped boost net interest income, while its wealth management division benefited from turbulent market conditions
The FTSE 100 Index has pulled back over the past few days, falling from this month's high of 10,891 to its current level of 10,670. The retreat continued this week as top companies like Barclays released their earnings and crude oil prices jumped.
Gold will continue to benefit from the debasement trade despite its recent weakness, but precious metals investors would do well to diversify, as the yellow metal hasn't provided effective protection against recent stock market pullbacks, according to market strategists at HSBC Asset Management.
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HSBC plans deep U.K. wealth job cuts as AI and digital servicing expand, aiming to lower costs while protecting client relationships and growth.
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