Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HSBC UK Shrs Leap ~3% in Early Session, 0.3% Above HK Closing Price
Recommend 22 Positive 37 Negative 11 |
||||
|
||||
|
HSBC (HSBA.L)’s UK shares jumped up 2.9% to GBX712.4 in early trading on Tuesday (29th), equivalent to HKD71.8, 0.3% higher than the Hong Kong closing price of HSBC HOLDINGS (00005.HK) today (29th) of HKD71.6. At noon, HSBC HOLDINGS had announced its 3Q24 results. On a reported basis, profit before tax for the quarter rose 9.9% YoY to US$8.476 billion, higher than the estimates of US$7.511 billion and US$7.882 billion made by Goldman Sachs and Morgan Stanley, respectively. Profit after tax grew 7.7% to US$6.749 billion. Basic EPS was US$0.34. A third interim dividend of US$0.1 per share was declared. The group intended to buy back up to a further US$3 billion of shares. HSBC HOLDINGS CEO Georges Elhedery said the group will continue to review business activities and keep an eye on acquisition opportunities. Goldman Sachs said that HSBC's 3Q24 results beat on non-banking NII. Jefferies believed that HSBC's 3Q24 results were stable. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
