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Prices & Quotes - UK Markets - HSBC Holdings (HSBA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 422.65p
Change Today:
1.30p
Market Cap:
86,084m
Sector:
Banks

Bank Rate has likely bottomed, BoE's Ramsden says

By Alexander Bueso

Date: Monday 28 Sep 2020

LONDON (ShareCast) - (Sharecast News) - A top Bank of England official said he believed that 0.1% was likely to prove the floor for the price of money in the UK.

Nonetheless, he added that the monetary authority was "duty bound" to study a move below zero as a possible option to help foster an economic recovery.

Speaking at Britain's Society of Professional Economists, Ramsden said: "For me, I see the effective lower bound still at 0.1 which is where Bank Rate is at present."

His remarks echoed those of Governor Andrew Bailey, according to whom Bank was analysing and preparing to implement negative rates in case they should ever be needed, but that no one should "read any more into that".

On 22 September, Bailey told a webinar hosted by the British Chambers of Commerce: "nobody should read more into" the statement from the last Monetary Policy Committee meeting.

"It would be a cardinal sin if we stated we had a tool in the box we didn't think we could use in practice. It is no surprise we're going to do this work," the Governor said.

"We are not about to use them imminently. It will take time to do this work," Ramsden also said on Monday.

That comment also appeared to be in-line with Bailey's thinking, who on 6 August had indicated that a move into negative might in any case be more effective once the economy was in a recovery phase, whereas now it could be counterproductive due to its impact on lenders.

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HSBC Holdings Market Data

Currency UK Pounds
Price 422.65p
Change Today 1.30p
52 Week High 600.20p
52 Week Low 283.35p
Volume 21,430,041
Shares Issued 20,368m
Market Cap 86,084m

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 2
Buy 4
Neutral 8
Sell 0
Strong Sell 10
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Holdings Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 10-Oct-19 15-Aug-19
Paid 20-Nov-19 26-Sep-19
Amount 10.00¢ 10.00¢

Trades for 04-Dec-2020

Time Volume / Share Price
16:35 9,606,492 @ 422.65p
16:29 31 @ 422.20p
16:29 1,250 @ 422.25p
16:29 1,250 @ 422.25p
16:29 241 @ 422.30p

HSBC Holdings Key Personnel

CFO Ewen Stevenson
CEO Noel Quinn