HSBC Holdings (HSBA)

Sector:

Banking

Index:

FTSE 100

676.80p
   
  • Change Today:
      3.60p
  • 52 Week High: 720.80
  • 52 Week Low: 575.80
  • Currency: UK Pounds
  • Shares Issued: 18,679m
  • Volume: 24,176,629
  • Market Cap: £126,417m
  • RiskGrade: 167

HSBC to take $1bn hit from Argentina unit sale

By Frank Prenesti

Date: Tuesday 09 Apr 2024

LONDON (ShareCast) - (Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.
"HSBC Argentina is largely a domestically focused business, with limited connectivity to the rest of our international network," said HSBC chief executive Noel Quin.

He added that the the Argentina business generated substantial earnings volatility for the group when its results were translated into US dollars.

"We remain committed to Mexico and the US, and to serving our international clients throughout our global network with our leading transaction banking capabilities," he added.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSBC Market Data

Currency UK Pounds
Share Price 676.80p
Change Today 3.60p
% Change 0.53 %
52 Week High 720.80
52 Week Low 575.80
Volume 24,176,629
Shares Issued 18,679m
Market Cap £126,417m
RiskGrade 167

HSBC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
65.27% above the market average65.27% above the market average65.27% above the market average65.27% above the market average65.27% above the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Income
96.22% above the market average96.22% above the market average96.22% above the market average96.22% above the market average96.22% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Growth
68.86% above the market average68.86% above the market average68.86% above the market average68.86% above the market average68.86% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 6
Sell 2
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Dividends

  Latest Previous
  Special 1st Interim
Ex-Div 09-May-24 09-May-24
Paid 21-Jun-24 21-Jun-24
Amount 21.00¢ 10.00¢

Trades for 14-Jun-2024

Time Volume / Share Price
16:38 10,000 @ 676.80p
16:35 48,320 @ 676.80p
16:35 106,450 @ 676.80p
16:35 1,056 @ 676.80p
16:35 2,561 @ 676.80p

HSBC Key Personnel

CEO Noel Quinn

Top of Page