HSBC Q3 earnings: what next for the share price?

The lender will release its Q3 results on Monday, with investors hoping its second-half is better than its first, with the bank eager to cut operating costs and reduce its reliance on Asia for growth.

When is HSBC’s results date?

HSBC will unveil its Q3 earnings on Monday next week.

HSBC’s results preview: what does the City expect?

HSBC shares are down 5% to 613p since the beginning of January, with the ‘world’s local bank’ recovering some of the ground its stock after hitting a 12-month low in late-August when its share price hit 580p.

Over its first six months of trading, operating income rose by 5.1% to $27.4 billion, with the bank owing the increase to strong growth in its retail banking and wealth management division and Asia.

However, its over reliance on growth from China and emerging markets to offset rising operating costs and weaker-than-expected performance from its European business has hurt its share price.

With Brexit and the US-China trade war continuing to slow global economic growth, it is unlikely that the bank will wow investors when it unveils its Q3 earnings next week.

But the bank has performed relatively well considering the myriad of challenges it faces, chief among them the lack of a CEO, with John Flint stepping down earlier this year, leaving Noel Quinn, HSBC’s head of global commercial banking to steer the ship until a replacement is found.

Looking to trade HSBC ahead of its Q3 earnings? Open a live or demo account with IG

HSBC to relaunch First Direct to take on digital rivals

Earlier this month, HSBC said that it plans to relaunch its First Direct brand in a bid to attract younger customers away from digital rivals like Monzo.

Over the next 12 months, First Direct will get a complete overhaul that will see the digital bank make significant enhancements to its services, features and general accessibility.

'We have a proud heritage of being the original challenger bank back in 1989,’ First Direct CEO Joe Gordon told the Financial Times. ‘Now we’re making a real digital pivot to tackle the environment as it is now.’

You can go long or short HSBC with IG using derivatives such as CFDs.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.