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HSBC Holdings Plc (HSBC)
NYSE:HSBC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.55Last Year’s EPS
2.7Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 3.81%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with record profit and robust growth in key areas like Wealth and Premier Banking, supported by strategic simplification efforts. However, the sentiment is tempered by challenges such as significant restructuring costs and an uncertain interest rate environment.Company Guidance
During HSBC Holdings plc's 2024 Annual Results call, the company provided several key metrics and guidance for the future. The Group CEO, Georges Elhedery, announced a record profit before tax of $32.3 billion for 2024, or $34.1 billion excluding notable items, achieving a return on tangible equity of 14.6% or 16% excluding notable items. They distributed $26.9 billion to shareholders, including $0.87 per share in dividends and $11 billion in share buybacks. Additionally, HSBC plans to realize $1.5 billion in annualized savings by the end of 2025 through organizational simplification, with an upfront cost of $1.8 billion. The bank aims for mid-teens return on tangible equity in 2025, 2026, and 2027 while targeting double-digit CAGR growth in its wealth business. For 2025, HSBC expects Banking NII to be around $42 billion, with a focus on strategic growth areas and efficiency improvements. The bank's CET1 ratio was 14.9%, within its target range of 14% to 14.5%.Record Profit and Shareholder Returns
HSBC reported a record profit before tax of $32.3 billion, or $34.1 billion excluding notable items, with a 14.6% return on tangible equity. The bank announced $26.9 billion in distributions to shareholders, including $0.87 per share in dividends and $11 billion in share buybacks.
Organizational Simplification and Cost Savings
HSBC implemented changes to create a more agile bank, aiming for $1.5 billion in annualized savings by the end of 2025 through role deduplication, representing an 8% reduction in global staffing costs.
Growth in Wealth and Premier Banking
International Wealth and Premier Banking reported strong performance, with a 27% increase in wealth revenues in Q4 2024. The bank added 234,000 new-to-bank Personal Banking customers in Hong Kong in Q4.
Strong Deposit and Loan Portfolio
HSBC's deposit base grew to $1.7 trillion, reflecting a strong, liquid, and profitable balance sheet. Loan growth is expected to stabilize, supported by strong customer trust and a conservative risk management approach.
Strategic Focus on High-Growth Markets
HSBC plans to focus investments on high-growth areas like Wealth in Asia and the Middle East, UK SME coverage, and wholesale transaction banking, redeploying $1.5 billion from non-strategic activities.
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HSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $55.16 | $55.24 | +0.15% |
| Oct 29, 2024 | $43.35 | $44.57 | +2.81% |
| Jul 31, 2024 | $41.29 | $42.83 | +3.73% |
| Apr 30, 2024 | $38.65 | $39.93 | +3.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HSBC Holdings Plc (HSBC) report earnings?
HSBC Holdings Plc (HSBC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is HSBC Holdings Plc (HSBC) earnings time?
HSBC Holdings Plc (HSBC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HSBC EPS forecast?
HSBC EPS forecast for the fiscal quarter 2025 (Q1) is 1.55.
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