Earnings Briefing and Coverage - HSBC Holdings

LONDON, November 25, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings briefing and insight on HSBC Holdings PLC (NYSE: HSBC). On November 03, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on HSBC Holdings PLC (HSBC Holdings). For Q3 FY14, HSBC Holdings' reported revenue and profit before tax (PBT) increased 5% and 2%, respectively, on a Y-o-Y basis. Further, the company's earnings grew by $0.01 per diluted share from the previous year. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

HSBC Holdings' reported revenue during Q3 FY14 increased to $15,775 million from $15,078 million in Q3 FY13. The company's reported revenue exceeded Bloomberg analysts' forecasts of $15,536 million. On an underlying basis, the company's Q3 FY14 revenue of $15,575 million was broadly flat as compared to $15,583 million in Q3 FY13, and included the effect of a number of significant items recorded in Q3 FY14. Excluding the effect of the significant items, revenue increased $0.5 billion, primarily in the company's GB&M (Global Banking and Markets) and CMB (Commercial Banking). The free research on HSBC can be downloaded as in PDF format at:

http://www.Investor-Edge.com/HSBCFreeReport

Stuart Gulliver, Group Chief Executive of HSBC Holdings, said that revenue continued to grow in the company's CMB, dominated by growth in the company's home markets of Hong Kong and the United Kingdom. He added that GB&M contributed a strong revenue performance with its differentiated business model. Global Private Banking has attracted net new money of $10 billion in areas targeted for growth since the start of the year, while the remodelling of Retail Banking and Wealth Management and Global Private Banking remains ongoing, Gulliver stated.

HSBC Holdings' Q3 FY14 reported operating expenses increased to $11,091 million from $9,584 million in Q3 FY13. The company's operating profit for Q3 FY14 increased to $3,924 million from $3,901 million in Q3 FY13.

HSBC's reported profit before tax for Q3 FY14 stood at $4,609 million compared to $4,530 million in Q3 FY13. During Q3 FY14, the company's reported profit after tax stood at $3,622 million compared to $3,485 million in Q3 FY13. Moreover, HSBC Holdings earnings during the reported quarter grew to $0.17 per diluted share from $0.16 per diluted share in Q3 FY13. Sign up and read the free analyst's notes on HSBC at:

http://www.Investor-Edge.com/HSBC-25112014

Mr. Gulliver informed that after excluding significant items, HSBC Holdings increased underlying PBT in all of its global businesses and maintained a strong balance sheet and a robust capital position.

The Group Chief Executive added that loan impairment charges are lower reflecting the current economic environment and the beneficial changes to the company's portfolio since 2011.

For Q3 FY14, the company's dividend was $0.10 per ordinary share.

Stock Performance  

On the day of the earnings release, November 03, 2014, HSBC Holdings' stock declined 1.80%, ending the session at $50.10. Although the stock has moved both ways since then, the losses have outweighed the gains so far. On the last close, Monday, November 24, 2014, the stock finished at $49.47, down 0.06%. The company's shares oscillated between $49.22 and $49.59 during the session. A total of 1.61 million shares were traded, which was close to its three months average volume of 1.60 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 0.54% and 2.35%, respectively. Further, the stock has declined 10.27% since the start of this year. Shares in HSBC Holdings closed below their 50-day and 200-day moving averages of $50.92 and $51.81, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 40.89. Visit Investor-Edge and access the latest research on HSBC at:

http://www.Investor-Edge.com/HSBCEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month HSBC Holdings has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on HSBC is available at:

http://www.Investor-Edge.com/HSBCInsiderTrading

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