Outlook unclear for UK's biggest lenders after mixed bag of full year earnings
It's been a rollercoaster week of UK banking results with an underwhelming finale from RBS and Lloyds impressing with its highest profits in a decade
Company
HSBC Holdings PLC
LON:HSBA
HSBC serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC is one of the world's largest banking and financial services organisations.
619 stories · page 25 of 31
FTSE 100 ends lower on the week as loss-making RBS drags ticker south
London’s FTSE 100 ended lower on Friday, dragged lower by heavyweight loser RBS after it reported a ninth straight year of losses
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
Two brokers cut price targets for HSBC, but shares rally after post-results drop
Analysts at Barclays Capital reduced their target price for HSBC shares to 650p from 670p, while Deutsche Bank cut its target to 635p from 660p
Lloyds announces special dividend as full year pre-tax profits more than double
Lloyds has raised its dividend 13% as strong capital generation offset the impact of its MBNA acquisition
Investments and investor services
FTSE 100 shares end higher as Unilever seeks more shareholder value
FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
Archive
Day ahead: Dividends, no PPI provisions the focus in Lloyds Banking Group results
Lloyds is forecast to report a a jump in 2016 pretax profits to around £4.4bn, up from £1.6bn a year earlier when it was hit by a huge bill for PPI scandal provisions.
HSBC drags sector peers lower as it kicks off busy week of UK bank earnings
HSBC shares have tanked today as its earnings missed forecasts, weighing down fellow UK lenders due to report later this week
Goldman Sachs looks on the bright side as it says HSBC will return US$3.5bn this year
Goldman also thinks the bank is growing at a fast enough pace to mitigate the effects of the headwinds it is facing.
HSBC's full year profits miss forecasts on one-off costs
The lender's pre-tax profits in 2016 have fallen more than forecast as it offloaded its Brazil operations.
Investments and investor services
FTSE shares fall led by HSBC earnings disappointment
FTSE 100 shares were dragged lower by banks such as HSBC and RBS on Tuesday
Archive
HSBC faces questions over plan to replace chairman as it reports full year results
HSBC's succession plan will be the key focus when the bank reports its full year earnings tomorrow.
Standard Chartered weak as JPMorgan downgrades ahead of 2016 results
The bank's analysts said: “After the 80% rally in StanChart and 54% rally in HSBC shares over the past year we view risk reward as less compelling on a 1 year view ".
Archive
Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Cyber criminals targeted Lloyds Banking Group websites with 'denial of service' attack
According to media reports, Britain's largest mortgage lender was hit by a distributed denial of service (DDoS) attack on January 11, which carried on for two days.
FTSE 100 shares drift south from 2-month highs on debt fears
FTSE 100 shares drifted lower on Wednesday, retreating from the previous session’s two-month highs after official UK public borrowing figures came in worse than expected
Investments and investor services
FTSE 100 shares eke out gains, but mid-caps slip
FTSE 100 shares eked out light gains but mid-caps ended softer in a non-event session on Tuesday as markets began winding down for the holiday season
FTSE 100 shares fall despite oil gains
The London market slid despite shares in oil companies being boosted by a jump in oil prices
HSBC among a trio of big banks fined a total of €485mln by the EU for rate-rigging
EU competition policy chief Margrethe Vestager ruled that HSBC, French bank Credit Agricole, and US giant JPMorgan were part of a cartel of seven banks that worked together to manipulate the Euribor interest rate between September 2005 and
Archive
Trending - fines, HSBC, JP Morgan, Pfizer and bird flu
A look at some of the big, trending topics on Wednesday