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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings Plc    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
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HSBC : TO BRING IN 40 PER CENT OVERDRAFT RATE

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12/06/2019 | 01:13am EST

HSBC is set to bring in a controversial single overdraft rate of almost 40 per cent for its customers next year. Current rates are between 9.9 per cent and 19.9 per cent but all account holders will be charged 39.9 per cent by HSBC as of next March. The banking giant is following in the footsteps of Nationwide Building Society by introducing a 39.9 per cent overdraft rate, which comes in response to new legislation from the Financial Conduct Authority (FCA). The move means that some customers will have their overdraft rates quadrupled. HSBC has said it is removing a £5 daily fee for going into an unarranged overdraft. The lender said that seven in 10 customers who use an overdraft will find it cheaper or the same.

(c) 2019 City A.M., source Newspaper

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Financials (USD)
Sales 2019 54 973 M
EBIT 2019 21 397 M
Net income 2019 13 441 M
Debt 2019 -
Yield 2019 6,73%
P/E ratio 2019 11,9x
P/E ratio 2020 11,2x
Capi. / Sales2019 2,79x
Capi. / Sales2020 2,76x
Capitalization 154 B
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Technical analysis trends HSBC HOLDINGS PLC
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Mean consensus HOLD
Number of Analysts 24
Average target price 7,94  $
Last Close Price 7,58  $
Spread / Highest target 46,6%
Spread / Average Target 4,74%
Spread / Lowest Target -16,5%
EPS Revisions
Managers
NameTitle
Noel Quinn Chief Executive Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
Andrew Mitchell Maguire Group Chief Operating Officer
John M. Hinshaw Group Chief Operating Officer-Designate
Ewen James Stevenson Chief Financial Officer & Executive Director
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