HSBC Results

[idpickering]

Key highlights
• Progress made against our eight strategic priorities, including accelerated growth from Asia and our international network,
growth in our UK customer base, delivery of more sustainable finance, improved capital efficiency and investments in technology.
• Reported profit before tax of $19.9bn in 2018 was 16% higher than in 2017, reflecting revenue growth in all of our global
businesses. Adjusted profit before tax of $21.7bn in 2018 was 3% higher than in 2017, excluding the effects of foreign currency
translation differences and movements in significant items.
• Reported revenue of $53.8bn was 5% higher, notably driven by a rise in deposit revenue across our global businesses, primarily in
Asia, as we benefited from wider margins and grew our balances. These increases were partly offset by lower revenue in Corporate
Centre. Adjusted revenue of $53.9bn was 4% higher, excluding the effects of foreign currency translation differences and
movements in significant items.
• Reported operating expenses of $34.7bn were 1% lower, as higher costs, including investments made to grow the business and
enhance our digital capabilities were more than offset by net favourable movements in significant items, mainly the non-recurrence of
costs to achieve expenditure in 2017. Adjusted operating expenses of $33.0bn were 6% higher, excluding the effects of foreign
currency translation differences and movements in significant items.
• Adjusted jaws for 2018 was negative 1.2%, due to lower adjusted revenue in 4Q18 (down 8% on 3Q18), from weakness in markets.
Operating expenses were higher from investments in business growth. We reiterate our commitment to the discipline of positive
adjusted jaws.
• Return on average tangible equity rose to 8.6% from 6.8%, up 1.8 percentage points.
• Reported loans and advances to customers increased by $32bn. Excluding foreign currency translation differences, loans and
advances grew by $66bn or 7% from 1 January 2018.
• Common equity tier 1 (‘CET1’) ratio of 14.0% and CRD IV leverage ratio of 5.5%.
• Maintained the dividend at $0.51 per ordinary share; total dividends in respect of the year of $10.2bn; confident of maintaining at
this level.

https://www.hsbc.com/investors

[Dod101]

Thanks Ian. Nothing very exciting there but then we did not expect any excitement. They have already said that they will maintain the dividend for 2018 and 2019 at the current level. For us income seekers it is not great news but not unexpected. At least there are no disasters, and an increase in deposits is a good thing.

Dod

[idpickering]

Thanks Ian. Nothing very exciting there but then we did not expect any excitement. They have already said that they will maintain the dividend for 2018 and 2019 at the current level. For us income seekers it is not great news but not unexpected. At least there are no disasters, and an increase in deposits is a good thing.

Dod

You're welcome Dod. HSBC are a bit light in my HYP and could do with a top up, which I'm likely to action soon.

Ian.

[IanTHughes]

Dividend date details, which I believe were already in place ….

The fourth interim dividend will be payable on 8 April 2019 to holders on the Principal Register in the UK, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register on 22 February 2019.

https://www.hsbc.com/-/files/hsbc/inves ... download=1


Ian

[idpickering]

Down 2.8% as of now, for those interested in topping up today.

Ian.

[idpickering]

Down 2.8% as of now, for those interested in topping up today.

Ian.

If you aren't tempted by this (down 4.2% as I type), we've got Lloyd's to look forward to tomorrow!

Ian.

[idpickering]

This from TMF;

This is what I’d do about the HSBC share price right now

Shareholders in Asia-focused bank HSBC Holdings (LSE: HSBA) tend to buy the shares for their reliable dividend income.

However, the HSBC share price dipped on Tuesday morning after the FTSE 100 bank’s 2018 results came in below expectations. Here, I’ll explain what’s gone wrong and why I don’t think investors should be too concerned.

https://www.fool.co.uk/investing/2019/0 ... right-now/

[fisher]

Fourth interim dividend for 2018

After the end of the year, the Directors declared a fourth interim dividend in respect of the financial year ended 31 December 2018 of $0.21 per ordinary share, a distribution of approximately $4,205m. The fourth interim dividend will be payable on 8 April 2019 to holders on the Principal Register in the UK, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register on 22 February 2019. No liability was recorded in the financial statements in respect of the fourth interim dividend for 2018.

The dividend will be payable in US dollars, pounds sterling or Hong Kong dollars, or a combination of these currencies, at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00am on 25 March 2019. A scrip dividend will also be offered. Particulars of these arrangements will be sent to shareholders on or about 6 March 2019 and elections must be received by 21 March 2019. The ordinary shares in London, Hong Kong, Paris and Bermuda, and American Depositary Shares ('ADSs') in New York will be quoted ex-dividend on 21 February 2019.