80.9100.06% ( -0.050 )
Closed: Nov 13, 16:00:00 (EDT)News
Weekly Recap | HSBC HOLDINGS +1.89%, most brokers rate it buy
Weekly Review·- HSBC Holdings rose 1.89 % to close at 139.9 HKD this week, outperforming the Hang Seng Index by 5.21 percentage points amid continuous share repurchases, strategic regional adjustments, and new business initiatives. - Eleven institutions currently cover the stock, with an overall consensus rating of buy and a consensus target price of 170.35 HKD, reflecting an approximate 21.77 % upside potential from the current price. - Upcoming macroeconomic data releases in Hong Kong and the continuous execution of the bank's buyback pace and regional strategies will serve as key factors influencing future price trends.Royal Bank of Canada rises 2%
Market Movers·TSX Down Friday, up on Week
Baystreet·- Toronto equities finished Friday slightly lower but secured weekly gains, with the TSX dropping 31.29 points to 36,105.90 while adding 317 points, or 0.9%, over the week. - Statistics Canada reported that wholesale trade rose 0.7% to $92.5 billion in September, while manufacturing sales remained essentially unchanged. - Wall Street major averages headed for weekly advances despite Friday losses, as the NASDAQ fell 229.82 points to 24,136.27 amid pressure on Nvidia shares.HSBC HOLDINGS PLC ANNOUNCES THE SATISFACTION OF THE NEW ISSUE CONDITION IN RESPECT OF ITS TENDER OFFER FOR ONE SERIES OF SECURITIES
prnewswire·- HSBC Holdings plc announced the successful closing of an offering of $1,500,000,000 in perpetual subordinated contingent convertible securities, satisfying the New Issue Condition for its cash tender offer. - The tender offer targets up to $1,500,000,000 in aggregate principal amount of its outstanding 6.000% securities due to expire on 19 November 2026. - The company is undertaking this offer to proactively manage its Tier 1 capital base.HSBC Files Next-Day Disclosure With HKEX on Share Buyback, Cancellation
PUBT·- HSBC Holdings filed a next-day disclosure with the HKEX detailing its share buyback and cancellation activities on November 12, 2026. - The company repurchased 510,000 shares in total, consisting of 500,000 shares in London at GBP 13.5261 each and 10,000 shares in Hong Kong at HKD 140.912 each. - The cancellation of 500,000 shares on the same day reduced its total issued shares to 17,128,641,383.HSBC Purchases 510,000 Shares for Cancellation
Tip Ranks·- HSBC Holdings plc purchased 510,000 ordinary shares for cancellation on November 12, 2026, across UK venues and the Hong Kong Stock Exchange. - This transaction was executed as part of the share buy-back program announced on October 28, 2026. - Total repurchases since the program's commencement reached 10,499,061 shares with a consideration of approximately US$ 183.5 million.HSBC Holdings (LSE:HSBA) Profit Jump And $1b Buyback Put Valuation In Focus
Simplywall·- HSBC Holdings reported a 32% increase in third quarter profit before tax and announced a share buyback of up to $1 b. - The company's fair value is estimated at £14.74 against a recent share price close of £13.54, though a P/E ratio of 11.6x exceeds the peer average of 9.4x. - Strong capital generation and a CET1 ratio near the 14% target support capital returns, while potential risks include deposit competition and business exits.HSBC discloses share repurchase and cancellation in HKEX filing
PUBT·- HSBC repurchased 510,000 ordinary shares for cancellation on November 11, 2026, across the UK and Hong Kong markets. - UK purchases involved 500,000 shares at an average of GBP 13.449 each, while Hong Kong purchases comprised 10,000 shares at an average of HKD 141.148 each. - An additional 1,400,000 previously repurchased shares were cancelled on the same date.HSBC HOLDINGS Repurchases 500K London Shares and 10K HK Shares on Wed
AASTOCKS News·- HSBC Holdings announced the repurchase of 500,000 ordinary shares in the UK and 10,000 shares on the Hong Kong Stock Exchange on November 11. - The UK shares were bought at prices ranging from GBP 13.37 to GBP 13.53, while the Hong Kong shares ranged from HKD 140.7 to HKD 141.4. - Since the program started, the group has cumulatively repurchased approximately 9.989 million shares for a total consideration of about USD 174.4 million.
