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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

Citi sees contrarian 'opportunity' in UK banks

By Alexander Bueso

Date: Monday 12 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi reiterated their 'buy' stance on several of the UK's largest lenders, citing the likely resumption of dividend payments from February 2021 onwards among some of the positives for the group.

They labelled their view on the sector as 'contrarian', pointing out that investor interest in them was at an all-time low.

Similarly, large-capitalisation UK banks were now changing hands on price-to-book multiples of 0.3-0.5 times - which was lower than at the depths of the 2008 financial crisis.

Nevertheless, that, they said, presented an "opportunity, starting with third quarter 2020 results".

Consensus estimates for 2020 had now troughed, Citi added, credit loss assumptions already embedded "conservative" assumptions for unemployment and there was "limited incremental downside risk from a no-deal Brexit vs planned rudimentary [free trade area]".

Indeed, they anticipated that all of the large-cap banks were set to beat analysts' forecasts, especially so Barclays.

"We expect domestic banks to also beat on impairments, most notably Lloyds," they said.

Their 'buy' -rated names in the space included Lloyds, NatWest, StanChart, One Savings Bank and Virgin Money.

However, they were 'neutral' on Barclays, HSBC, Metro Bank and Paragon Banking Group.

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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

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Income
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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