Why HSBC Holdings Is Up 29% During the Last 12 Months

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

LONDON -- HSBC  (LSE: HSBA  )   (NYSE: HSBC  )  has advanced 29% to 682 pence during the last 12 months, making the share one of the best performers in the FTSE 100.

The bank, which boasts 7,200 offices in more than 80 countries, seems to have impressed investors with a series of confident statements.

During July, HSBC announced half-year results for 2012 that showed core profits slip 3% to $10.6bn. The group added that its return on average shareholders' equity during the six months was 10.5% and admitted it had earmarked $1.3bn to compensate U.K. customers that were mis-sold payment protection insurance.

During November, HSBC's third-quarter statement revealed adjusted profits had surged 125% to $5bn, and cost savings had reached $3.1bn to exceed the bank's expectations. However, the results also showed an additional $800m provision relating to a money-laundering investigation in the States.

Then in March, HSBC disclosed full-year results that showed underlying profits up 18% to $18.4bn and an annual dividend up 10% to $0.45 per share. The bank also revealed its first three quarterly dividends of 2013 would be raised 11%.

Douglas Flint, HSBC's chairman, said at the time:

2012 was a year of considerable progress in delivering on the strategic priorities which the Board has tasked management to address. Our decision to focus on reshaping the Group through targeted disposals and closures and internal reorganisation is paying dividends.

Flint also referred to the bank's position as one of the FTSE 100's highest dividend payers.

HSBC's first-quarter update will be published on 7 May, which may reveal further positive news that can impress investors.

If you already own HSBC shares and are looking for additional blue-chip winners, this exclusive wealth report reviews five particularly attractive FTSE possibilities.

Indeed, all five suggestions offer a mix of robust prospects, illustrious histories and dependable dividends, and have just been declared by the Fool as "5 Shares You Can Retire On"!

Just click here for the report -- it's free.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2351435, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:28:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 12:13 PM
HSBA $570.34 Down -6.76 -1.17%
HSBC Holdings CAPS Rating: No stars
HSBC $37.43 Down -0.16 -0.43%
HSBC Holdings CAPS Rating: **