Key Insights into HSBC's Stock Performance in 2024
Tuesday, 30 April 2024, 21:23
Company Performance and CEO Resignation
HSBC Holdings pleased investors with its first quarterly-earnings report, despite Noel Quinn's resignation as CEO. The company aims to find a successor from internal or external candidates. Although net income fell, the revenue surpassed analyst estimates.
Shareholder Returns and Dividends
- HSBC declared an interim dividend of $0.10 per ADR and a special dividend of $0.21 per ADR from selling its Canadian assets.
- It plans to initiate a stock-repurchase program worth up to $3 billion to enhance shareholder value.
Should you invest in HSBC Holdings after these developments?
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.