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Express News | HSBC Holdings has hired Lawrence Xu from Goldman Sachs to be in charge of European financial credit trading.
Express News | HSBC China has been approved to serve as custodian for securities investment funds.
Morgan Stanley's forecast for HSBC Holdings (00005.HK) third-quarter performance (table).
HSBC Holdings (00005.HK) will announce its third quarter earnings for this year on next Tuesday (the 29th), facing macroeconomic and interest rate challenges in asia business. Morgan Stanley's report earlier this month predicted that HSBC's pre-tax profit attributable to shareholders for the third quarter of 2024 would increase by 2% to $7.882 billion annually, with quarterly provisions falling by 16% annually to $0.902 billion. The bank expects HSBC to announce a quarterly dividend of 10 cents per share, along with an additional $3 billion share buyback plan, and is monitoring updates on HSBC's capital return plan for 2026. The bank noted that the performance of HSBC this quarter would see the appointment of Eileen Tsai as CEO.
Express News | HSBC: Weak PMI data is expected to open the door for a 50 basis point rate cut by the european central bank in December.