Loading...

HSBC Holdings

LSE:HSBA
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSBA
LSE
£145B
Market Cap
  1. Banks
Company description

HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally. More info.


Add to Portfolio Compare Print Invest
SHARE PRICE
3 Month History
HSBA
Industry
5yr Volatility vs Market

Value

 Is HSBC Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HSBC Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

How is this discounted cash flow calculated?

  • The current share price of HSBC Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HSBC Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HSBC Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
  • HSBC Holdings is overvalued based on earnings compared to the GB Banks industry average.
  • HSBC Holdings is overvalued based on earnings compared to the GB market.
Price based on expected Growth
Does HSBC Holdings's expected growth come at a high price?
  • HSBC Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on HSBC Holdings's assets?
  • HSBC Holdings is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess HSBC Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. HSBC Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (135.4%).

    Full details on the Value part of the Simply Wall St company analysis model.
X
Discounted cash flow (Excess Returns Model)

The calculations below outline how an intrinsic value for HSBC Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.



Value of Excess Returns

Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)

$0.01 = (8.61% – 8.52%) * $8.92)

Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)

$0.12 = $0.01 / (8.52% - 1.49%)

Value of Equity = Book Value per share + Terminal Value of Excess Returns

$9.03 = $8.92 + $0.12

Inputs used in model:

Stable EPS = Stable Book Value * Return on Equity
$0.77 = $8.92 * 8.61%
Source: Weighted future Return on Equity estimates from 15 analysts.

Book Value of Equity per Share: $8.92
Source: Weighted future Book Value estimates from 9 analysts.

Expected Growth Rate: 1.49%
Source: Risk Free Rate/ 10 year Government Bond Rate in GBP.

Discount to Share Price

Value per share (USD): $9.03

Exchange rate USD/GBP = 0.752

Value per share (GBP): £6.79

Current discount (share price of £7.39): -8.73%



Estimate of Discount Rate

The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.

Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)

Discount rate = 8.52% = 1.49% + (0.826 * 8.51%)



Estimate of Bottom Up Beta

The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value (£145,311,909,145).

Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))

0.826 = 0.275 (1 + (1- 21%) (253.9%))

Levered Beta used in calculation = 0.826



Assumptions
  1. The risk free rate of 1.49% is from the 10 year government bond rate in GBP.
  2. The bottom-up beta is estimated by analysing other companies in the same industry.
  3. The Equity Risk Premium is calculated by subtracting the risk free rate from the market return premium (8.51%) (source: Buffet).
  4. The dividend discount model is automatically used for companies in the following industries: Banks, Insurance, Real Estate Investment Trusts (REITs), Diversified Financial Services and Capital Markets.

Future Performance

 How is HSBC Holdings expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HSBC Holdings expected to grow at an attractive rate?
  • HSBC Holdings's earnings growth is expected to exceed the low risk savings rate of 2.1%.
Growth vs Market Checks
  • HSBC Holdings's earnings growth is expected to exceed the GB market average.
  • HSBC Holdings's revenue growth is expected to exceed the GB market average.
Annual Growth Rates Comparison
Analysts growth expectations
Super high growth metrics
High Growth Checks
  • HSBC Holdings's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • HSBC Holdings's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • HSBC Holdings is not expected to perform strongly, Return on Equity (ROE) in 3 years is estimated to be below 20%.

Improvement & Relative to industry
  • Performance (ROE) is expected to be above the current GB Banks industry average.
  • An improvement in HSBC Holdings's performance (ROE) is expected over the next 3 years.
X
Future performance checks
We assess HSBC Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the GB market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the GB market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HSBC Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has HSBC Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HSBC Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HSBC Holdings's year on year growth rate is negative over the past 5 years and the most recent earnings are below average.
  • HSBC Holdings's 1 year earnings growth exceeds its 5 year annual average (59.3% vs -14.6%)
  • HSBC Holdings's earnings growth has exceeded the GB Banks industry average in the past year (59.3% vs 27.1%).
Earnings and Revenue History
HSBC Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Poor return on shareholders funds (ROE < 20%) last year.
  • HSBC Holdings performed worse than the GB Banks industry average based on Return on Assets (ROA) last year.
  • Performance based on Return on Capital Employed (ROCE) has been diminishing over 3 years.
X
Past performance checks
We assess HSBC Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HSBC Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is HSBC Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of HSBC Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Acceptable proportion of non-loan assets held.
  • Liabilities are made up of primarily low risk sources of funding.
  • Loans are broadly funded by customer deposits.
  • HSBC Holdings's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Low level of bad loan coverage.
  • Acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess HSBC Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by short term assets? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HSBC Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is HSBC Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.19%
Current annual income from HSBC Holdings dividends. Estimated to be 5.24% next year.
If you bought £2,000 of HSBC Holdings shares you are expected to receive £1 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Paying above low risk savings rate (2.3%).
  • Paying above markets top dividend payers (3.98%).
Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of HSBC Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by net profit (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by net profit (1.5x coverage).
X
Income/ dividend checks
We assess HSBC Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Current dividend yield, is there one at all, is it higher than the low risk savings rate, and is it above the top 25% of dividend payers? (2 checks)
  3. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  4. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  5. How sustainable is the dividend, can HSBC Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  6. HSBC Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of HSBC Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stuart Gulliver, image provided by Google.
Stuart Gulliver
COMPENSATION $5,675,000
AGE 58
TENURE AS CEO 6.8 years
CEO Bio

Mr. Stuart Thomson Gulliver serves as the Chairman of Group Management Board at HSBC Holdings PLC and has been its Group Chief Executive Officer since January 2011. Mr. Gulliver serves as the Group Chief Executive Officer of The HSBC Group at North America Holdings Inc. He served as the Chief Executive for Global Banking and Markets and Group Chief Executive Officer at HSBC USA Inc. He served as the Chief Executive of Corporate, Investment Banking and Markets (CIBM) of HSBC Holdings plc, the holding company of Hsbc Trinkaus & Burkhardt Ag and since June 8, 2004 and served as its Member of the Group Management Board. He served as the Chief Executive Officer of HSBC UK. He served as the Chief Executive of Corporate Investments Banking, Markets and investments at HSBC Bank USA, N.A. He served as Head of Investment Bank at HSBC Holdings plc. He served as Head of Corporate, Investment Banking and Markets and Group Investment Businesses at HSBC Bank plc since September 1, 2006. He served as Group General Manager of HSBC Bank plc. He is a Special Adviser to Dai Xianglong, Mayor of Tianjin, China. He served as Head of Cibm and Group Investment Businesses Globally of HSBC Finance Corp. He served as Group Chief Executive of HSBC Private Banking Holdings (Suisse) SA since January 2011. He served as Senior Advisor at CVC Capital Partners Ltd. Mr. Gulliver served as Group Managing Director at HSBC Holdings plc since March 1, 2004 and served as its Head of Corporate, Investment Banking & Markets. He served as Governor of the People's Bank of China. He joined HSBC in 1980. He served as Group General Manager of HSBC Holdings from 2000 to April 17, 2003 and served as Head of Treasury and Capital Markets in Asia-Pacific from 1996 to 2002, Head of Global Markets from 2002 to 2003 and Co-Head of Corporate, Investment Banking and Markets from April 17, 2003 to May 2006. He served as the Chief Executive of Global Banking & Markets & HSBC Global Asset Management at HSBC Holdings plc until January 1, 2011. He also served as Co-Head of Investment Banking of HSBC Holdings PLC. He has been the Chairman of HSBC Bank Middle East Limited since February 25, 2010. He has been the Chairman at The Hongkong and Shanghai Banking Corporation Limited since January 1, 2011. Mr. Gulliver served as the Non-executive Chairman and Non Executive Director of HSBC France since January 1, 2009. He served as the Chairman of HSBC Private Banking Holdings (Suisse) SA from February 25, 2010 to December 6, 2011. He served as Deputy Chairman of Supervisory Board of HSBC Trinkaus & Burkhardt AG until June 07, 2011. He served as Chairman of HSBC Bank Middle East Limited from February 2010 to December 2010. He served as the Chairman of Europe and Middle East at HSBC Holdings plc. He has been an Executive Director of HSBC Bank USA, N.A. since September 01, 2006. He has been a Director of The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd.) since September 22, 2006. He has been an Executive Director of HSBC Holdings Plc since May 2008. He served as a Member of the Supervisory Board at HSBC Trinkaus & Burkhardt AG. He served as a Director of HSBC Private Banking Holdings (Suisse) SA from September 1, 2007 to December 6, 2011. He served as an Executive Director of HSBC USA Inc. He served as Executive Director of HSBC Bank plc from September 1, 2006 to December 31, 2010. Mr. Gulliver was educated at Oxford University and received a Masters Degree in Jurisprudence.

CEO Compensation
  • Stuart's compensation has been consistent with company performance over the past year.
  • Stuart's compensation appears reasonable.
Management Team Tenure

Average tenure and age of the HSBC Holdings management team in years:

5.5
Average Tenure
55.5
Average Age
  • The average tenure for the HSBC Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stuart Gulliver

TITLE
Chairman of Group Management Board
COMPENSATION
$6M
AGE
58
TENURE
6.8 yrs

Iain Mackay

TITLE
Group Finance Director
COMPENSATION
$3M
AGE
55
TENURE
6.9 yrs

Marc Moses

TITLE
Group Chief Risk Officer
COMPENSATION
$3M
AGE
59
TENURE
6.9 yrs

Peter Wong

TITLE
Group MD & Member of the Group Management Board
AGE
66

Peter Boyles

TITLE
Group MD
AGE
61
TENURE
4.1 yrs

Samir Assaf

TITLE
Group MD
AGE
57

John Flint

TITLE
Group MD
AGE
49

Pat Burke

TITLE
Group MD
AGE
55
TENURE
2.3 yrs

Antonio Simoes

TITLE
Group MD
AGE
42

Stuart Levey

TITLE
Chief Legal Officer
AGE
53
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the HSBC Holdings board of directors in years:

4.2
Average Tenure
59.2
Average Age
  • The tenure for the HSBC Holdings board of directors is about average.
Board of Directors

Mark Tucker

TITLE
Non-Executive Group Chairman
AGE
59
TENURE
0.1 yrs

Stuart Gulliver

TITLE
Chairman of Group Management Board
COMPENSATION
$6M
AGE
58
TENURE
9.5 yrs

Iain Mackay

TITLE
Group Finance Director
COMPENSATION
$3M
AGE
55
TENURE
6.9 yrs

Marc Moses

TITLE
Group Chief Risk Officer
COMPENSATION
$3M
AGE
59
TENURE
3.8 yrs

Peter Wong

TITLE
Group MD & Member of the Group Management Board
AGE
66

Andy Maguire

TITLE
Chairman of the Technology Advisory Board
AGE
50
TENURE
0.8 yrs

Paul Maia

TITLE
Group MD
AGE
58
TENURE
1.7 yrs

Digby Jones

TITLE
Head of International Business Advisory Board
AGE
61

Laura Cha

TITLE
Independent Non-Executive Director
COMPENSATION
$270K
AGE
67
TENURE
6.7 yrs

Jonathan Evans

TITLE
Independent Non-Executive Director
COMPENSATION
$195K
AGE
59
TENURE
4.3 yrs
Recent Insider Trading
  • More shares have been bought than sold by HSBC Holdings insiders in the past 3 months, but not in substantial volumes.
Who owns this company?
X
Management checks
We assess HSBC Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HSBC Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

Company News

Company Info

Map
Description

HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking businesses. The company’s Retail Banking and Wealth Management business offers a range of personal banking products and services, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and insurance and investment products, asset management services, and financial planning services. Its Commercial Banking business provides services and financing for buyers and suppliers throughout the trade cycle; liquidity and cash management services; capital financing, including debt and equity advisory services; and insurance and investment products, such as business and financial protection, trade insurance, employee benefits, corporate wealth management, and other commercial risk insurance products to small and medium-sized enterprises, and mid-market companies. The company’s Global Banking and Markets business is involved in the provision of financing, advisory, and transaction banking services, as well as prime, research and analysis, trading and sales, and securities services to companies, governments, and institutions. Its Global Private Banking business provides private banking, investment, and wealth management services to business owners, entrepreneurs, and senior executives and their families. The company operates through approximately 4,000 offices in North America, Latin America, Europe, the Middle East, North Africa, and Asia. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.

Details
Name: HSBC Holdings plc
Ticker: HSBA
Exchange: LSE
Founded: 1865
Market Cap: £145,311,909,145
Shares outstanding: 19,916,654,214
Website: http://www.hsbc.com
Address: HSBC Holdings plc
8 Canada Square,
London,
Greater London, E14 5HQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HSBA Ordinary Shares USD 0.50 London Stock Exchange GB GBP 08. Apr 1991
OTCPK HBCY.F Ordinary Shares USD 0.50 Pink Sheets LLC US USD 08. Apr 1991
DB HBC1 Ordinary Shares USD 0.50 Deutsche Boerse AG DE EUR 08. Apr 1991
XTRA HBC1 Ordinary Shares USD 0.50 XETRA Trading Platform DE EUR 08. Apr 1991
SEHK 5 Ordinary Shares USD 0.50 The Stock Exchange of Hong Kong Ltd. HK HKD 08. Apr 1991
SHSC 5 Ordinary Shares USD 0.50 Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Apr 1991
SZSC 5 Ordinary Shares USD 0.50 The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Apr 1991
ENXTPA HSB Ordinary Shares USD 0.50 Euronext Paris FR EUR 08. Apr 1991
BER HSBC.BH Ordinary Shares USD 0.50 The Bermuda Stock Exchange BM USD 08. Apr 1991
BATS-CHIXE HSBAL Ordinary Shares USD 0.50 BATS 'Chi-X Europe' GB GBP 08. Apr 1991
BATS-CHIXE HSBP Ordinary Shares USD 0.50 BATS 'Chi-X Europe' GB EUR 08. Apr 1991
NYSE HSEA SUB CAP 8.125% New York Stock Exchange US USD 03. Apr 2008
NYSE HSBC SPON ADR NEW New York Stock Exchange US USD 26. Apr 1991
DB HBC2 SPON ADR NEW Deutsche Boerse AG DE EUR 26. Apr 1991
XTRA HBC2 SPON ADR NEW XETRA Trading Platform DE EUR 26. Apr 1991
BMV HBC N SPON ADR NEW Bolsa Mexicana de Valores MX MXN 26. Apr 1991
Number of employees
Current staff
Staff numbers
232,346
HSBC Holdings employees.
Industry
Industry: Diversified Banks
Sector: Banks