You are here

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:
429.30p
Change Today:
0.000p
Market Cap:
87,442m
Sector:
Banks

HSBC to close 82 branches in 2021

By Caoimhe Toman

Date: Tuesday 19 Jan 2021

LONDON (ShareCast) - (Sharecast News) - HSBC bank was set to close 82 branches in the UK between April and September of 2021 as customers increasingly rely more and more on digital banking.
The closures come without redundancies, said the managers on Tuesday. Staff will be moved to nearby branches instead.

The lender will be left with 511 branches across the country following the closure programme.

Included in the planned closures were HSBC's branch of Princes Street (Edinburgh) which would be the first to shut down in April. The region most affected by the closures will be London with 14 branches set to be shut.

HSBC justified the closures claiming that customers were switching to digital banking so there was no need to have as many branches open.

The bank said that the number of customers using branches had fallen by a third over the past five years and that 90% of all customer contact was now conducted over the phone, internet or smartphone, in addition to social media.

Campaigners against the closures argued that local branches provided a lifeline for those who needed access to cash and face-to-face services, allowing small businesses to bank without too much disruption to their own trade.

Jackie Uhi, HSBC UK's head of network, said: "The Covid-19 pandemic has emphasised the need for the changes that we are making.

"It hasn't pushed us in a different direction but reinforces the things that we were focusing on before and has crystallised our thinking. This is a strategic direction that we need to take to have a branch network fit for the future."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HSBC Holdings Market Data

Currency UK Pounds
Price 429.30p
Change Today 0.000p
52 Week High 555.00p
52 Week Low 283.35p
Volume 0
Shares Issued 20,368m
Market Cap 87,442m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 10
Sell 0
Strong Sell 8
Total 23
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
  Interim 3rd Interim
Ex-Div 11-Mar-21 10-Oct-19
Paid 29-Apr-21 20-Nov-19
Amount 15.00¢ 10.00¢

Trades

No recent trades found

HSBC Holdings Key Personnel

CFO Ewen Stevenson
CEO Noel Quinn