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    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
  Report
Real-time Estimate Cboe Europe  -  10:23 2022-12-02 am EST
498.43 GBX   +0.11%
08:29aMarketScreener's World Press Review: December 2, 2022
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HSBC considering potential sale of Canadian business

10/04/2022 | 10:15am EST

HSBC Holdings Plc says it is exploring the potential sale of its Canadian business, which it calls "very strong."

In a statement, the international banking and financial services company says it is currently reviewing its strategic options with respect to its Canadian operations, including selling its 100 per cent equity stake in HSBC Bank Canada

It says the review is in the early stages and no decisions have been made.

While a relatively small part of HSBC’s overall business, HSBC Bank Canada made $490 million before taxes in the first half of 2022, according to its second quarter earnings release.

HSBC Bank Canada divisions include Commercial Banking, Global Banking & Markets, and Wealth and Personal Banking.

It is the seventh largest bank in Canada and operates more than 130 branches across the country.

This report by The Canadian Press was first published Oct.4, 2022.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on HSBC HOLDINGS PLC
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Financials (USD)
Sales 2022 53 238 M - -
Net income 2022 13 732 M - -
Net Debt 2022 - - -
P/E ratio 2022 8,91x
Yield 2022 4,96%
Capitalization 121 B 121 B -
Capi. / Sales 2022 2,28x
Capi. / Sales 2023 2,06x
Nbr of Employees 219 697
Free-Float 98,2%
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Technical analysis trends HSBC HOLDINGS PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 6,08 $
Average target price 7,61 $
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Colin Bell Chief Executive Officer
Ewen James Stevenson Group Chief Financial Officer & Executive Director
Mark Edward Tucker Independent Non-Executive Director
Steven C. van Wyk Chief Information Officer
John M. Hinshaw Group Chief Operating Officer
Sector and Competitors