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| 23.06.25 09:30:00 | 10 Stocks That Pay $100 or More in Dividends |  |
| Key Points You don't need a lot of money to generate $100 in passive income. These 10 companies are your best bets for consistent dividend earnings. 10 stocks we like better than Bank Of Nova Scotia › Looking for stocks that pay $100 in annual income? You've come to the right place. Even a small investment in the 10 stocks listed below can create a reliable cash income stream. For this list, we're looking at U.S. stocks only that trade on major exchanges, with market caps of at least $10 billion. The dividend yield must also be above 5%, allowing you to generate $100 annual income with an initial investment of $2,000 or less. 1. HSBC Holdings With a market cap of more than $200 billion, HSBC Holdings(NYSE: HSBC) is one of the largest banks in the world. Shares have also consistently paid a large dividend, though the rate has been cut several times during the past decade due to a decline in earnings. Right now, the yield stands at roughly 5.5%, allowing you to generate $100 in annual dividend income with an investment of just $1,818. 2. Verizon Communications After losing roughly one-quarter of its value during the past five years, Verizon's (NYSE: VZ) dividend yield is now up to 6.5%. While revenue and profit growth has stalled in recent years, the company has always been a consistent dividend payer, raising or maintaining its payout every year for more than a decade. 3. Pfizer With a market cap of $135 billion, Pfizer(NYSE: PFE) is one of the largest publicly traded pharmaceutical companies in the world. The shares trade at just 17 times earnings -- a sizable discount to the S&P 500 index's average valuation of 28.5 times earnings. Pfizer's revenue growth has stalled in recent years, but the 7.2% dividend yield was reaffirmed in May. 4. British American Tobacco A reliable dividend payer for years, British American Tobacco (NYSE: BTI) now delivers a dividend yield of 6.1%. While cigarette volumes are on the decline, nicotine use is still on the rise thanks to smokeless products, creating a stable revenue channel in a variety of economy conditions. 5. Altria Group Similar to British American Tobacco, Altria Group(NYSE: MO) is a large nicotine business that delivers a reliable 6.9% dividend. Its cigarette volumes are also on the decline, but thanks to smokeless products growth, Altria has managed the industrywide transition well. Earnings are expected to grow by 2% to 5% this year, allowing the dividend payout to remain stable or even grow.Image source: Getty Images. 6. Enbridge A longtime favorite of dividend investors, Enbridge (NYSE: ENB) operates one of the largest pipeline networks in the world, transporting hydrocarbons like natural gas and crude oil. This business largely operates like a toll road, collecting huge cash flows that can then be delivered back to shareholders in the form of a dividend. The current payout is about 6.1%. Story Continues 7. BP Another oil and gas business, BP(NYSE: BP) is a diversified, integrated oil company with exposure to nearly every aspect of the energy business. While there has been volatility along the way, shares still trade at the same price that they did back in 1997. The dividend yield of 6.2%, however, has kept investors satisfied despite minimal share price appreciation over the long term. 8. The Bank of Nova Scotia Many American investors aren't too familiar with Canadian banks, but the Canadian banking industry is significantly more consolidated than the U.S. banking industry, creating more stability for the bigger players. One of the biggest Canadian banks right now is The Bank of Nova Scotia(NYSE: BNS), which currently delivers a 5.9% dividend yield. 9. Realty Income With a 5.6% dividend yield, Realty Income (NYSE: O) is a favorite among real estate investors looking for high-income potential investments. The company essentially owns a huge portfolio of income-producing properties -- income it then redirects back to shareholders in the form of dividends. 10. Pembina Pipeline Pembina Pipeline (NYSE: PBA) is significantly smaller than Enbridge. Its dividend payout has also varied over the years. But its pipeline network still generates plenty of cash, enough to support a current dividend yield of 5.7%. Should you invest $1,000 in Bank Of Nova Scotia right now? Before you buy stock in Bank Of Nova Scotia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bank Of Nova Scotia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you’d have $664,089!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $881,731!* Now, it’s worth notingStock Advisor’s total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don’t miss out on the latest top 10 list, available when you joinStock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 HSBC Holdings is an advertising partner of Motley Fool Money. Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enbridge, Pfizer, and Realty Income. The Motley Fool recommends BP, Bank Of Nova Scotia, British American Tobacco P.l.c., HSBC Holdings, Pembina Pipeline, and Verizon Communications and recommends the following options: long January 2026 $40 calls on British American Tobacco and short January 2026 $40 puts on British American Tobacco. The Motley Fool has a disclosure policy. 10 Stocks That Pay $100 or More in Dividends was originally published by The Motley Fool View Comments |
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| 22.04.25 13:40:05 | Why HSBC (HSBC) is a Top Value Stock for the Long-Term |  |
| It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Why Investors Should Pay Attention to This Value Stock Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks. HSBC (HSBC) Headquartered in London, HSBC Holdings plc is a major global banking and financial services firm with $3.02 trillion in assets as of Dec. 31, 2024. Operating through a global network of various offices in nearly 60 countries and regions in Europe, Asia, the Middle East and North Africa (MENA), and North and Latin America, it provides a wide range of financial services. HSBC sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Banks - Foreign industry's P/E of 9.3X, shares of HSBC are trading at a forward P/E of 7.7X. HSBC also has a PEG Ratio of 1, a Price/Cash Flow ratio of 6.6X, and a Price/Sales ratio of 1.3X. A company's earnings performance is important for value investors as well. For fiscal 2025, one analyst revised their earnings estimate higher in the last 60 days for HSBC, while the Zacks Consensus Estimate has increased $0.15 to $6.81 per share. HSBC also holds an average earnings surprise of 2.8%. HSBC should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 22.04.25 11:16:37 | HSBC China's top wealth banker reassigned, Asia wealth head relocates to Shanghai | |
| By Selena Li HONG KONG (Reuters) - HSBC's top wealth manager overseeing China will leave the role soon in an Asian leadership reshuffle, as the lender also cuts hundreds of jobs from its digital wealth project in China. Trista Sun, who has been leading the bank's International Wealth and Premier Banking (IWPB) business in China, will leave the role on May 1 after more than three years, according to a company memo issued on Tuesday and seen by Reuters. Kai Zhang, the bank's Asia head of IWPB, will relocate to Shanghai from Singapore and take on the additional role as acting head of IWPB China from the same date, according to the memo. A company spokesperson confirmed the contents of the memo. Sun has been appointed managing director for strategic projects at IWPB - a newly created role. She will report to global wealth head Barry O'Byrne and will relocate from Shanghai to Hong Kong. The bank said Sun will manage projects critical to accelerating the delivery of IWPB's growth agenda, including boosting cross-border customer acquisition and capturing fund flows. HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, Reuters reported in February citing two sources. The scale-down marks a sharp reversal of the bank's ambition for the unit as part of its expansion plans in the country. (Reporting by Selena Li; Editing by Kirsten Donovan) |
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| 21.04.25 18:46:00 | World’s Economic Chiefs Face Trump’s Trade War in Washington | |
| (Bloomberg) -- Subscribe to Economics Daily for the latest news and analysis. Most Read from Bloomberg DOGE Visits National Gallery of Art to Discuss Museum’s Legal Status Trump Administration Takes Over New York Penn Station Revamp DOGE Places Entire Staff of Federal Homelessness Agency on Leave Nashville’s $3 Billion Transit Plan Brings a Call for Zoning Reform The Racial Wealth Gap Is Not Just About Money World economic and finance chiefs want an off-ramp from the worst global trade crisis in a century. This week they’re heading toward its epicenter. Washington makes a turbulent backdrop to the spring meetings of the International Monetary Fund and World Bank, headquartered in the US capital as anchors of America’s economic and financial clout. President Donald Trump’s tariff war hasn’t just roiled markets and raised recession fears: It’s also called into question US economic and security leadership — a pillar of the post-World War II global order — like never before. The stage is set for “one of the most stark and dramatic meetings I can think of in recent history,” says Josh Lipsky, senior director of the GeoEconomics Center at the Atlantic Council and former IMF adviser. “You have at this moment a deep challenge to the multilateral rules-based system which the US helped build.” Trade will be top of mind during the meetings, which start Monday, and many countries may use the opportunity to pursue talks with the US. Trump, who’s already dialed back some tariffs he imposed this month, has displayed a preference for one-to-one deals while his administration aims to rally countries against China. But finance ministers and central bankers from outside the US will also have the chance to consult among themselves – and start figuring out how to maintain a global financial system without the US. “All those traveling to Washington are interested in the survival of the existing world order,” says Karsten Junius, chief economist at Bank J Safra Sarasin in Zurich. “We have to find out how to do this without provoking Trump.” Meanwhile, economic risks are mounting. Trump’s tariffs are set to shave $2 trillion off world gross domestic product by the end of 2027, according to Bloomberg Economics, which cut its global growth forecast for this year to 2.7% from 3.1%. It also downgraded the US to 1.3% from 2.1%. Read Bloomberg Economics’ Global Outlook: Trump Tariffs to Slice $2 Trillion Off World GDP China Overtures China is the closest US competitor, as well as Trump’s main target as he’s convinced it unfairly benefited from globalization and freer trade at America’s expense. Beijing only joined the IMF’s elite club of reserve currency-issuers less than a decade ago, and has an opportunity to further build its soft power and influence. Story Continues “China is now positioning itself as the leader of the rules-based global trade system, and painting the US as a dangerous rogue nation determined to blow up orderly trade relations,” says Stephen Olson, a former US trade negotiator now with the ISEAS-Yusof Ishak Institute in Singapore. Trump aides say they want other countries to join its China trade crackdown. But as tariff threats ramped up, advanced economies that have been close US allies since WW II – and were largely on board with the Biden administration’s pressure on Beijing – have made overtures to China. The European Union, which is sending top officials to Beijing in the coming months, has a two-pronged approach to the trade war: respond jointly and decisively, while keeping the door open for deals. The UK has sought to position itself as a potential broker between the US and the EU – and perhaps even China, where three ministers have visited this year. Meanwhile, China’s leader Xi Jinping has sought to firm up relations in Southeast Asia, where many countries rely on exports to the US but are facing some of Trump’s steepest tariffs. Major economies like the UK, Germany and Japan have already held discussions with Trump’s team since the trade war escalated. British officials, for instance, are headed to Washington seeking lower duties on cars and an exemption from higher anticipated levies on pharmaceuticals, which together make up one-quarter of exports to the US, in return for cutting tariffs on American food and taxes on tech giants. For smaller countries, the opportunities afforded by the IMF-World Bank meetings are arguably even more valuable – because they likely don’t have other channels. “There’s going to be a lot of door-knocking” during the Washington meetings, says Frederic Neumann, chief Asia economist at HSBC Holdings Plc in Hong Kong. Small countries, he says, often “don’t know exactly how to go about negotiating. What does the US want? Establishing that contact will be very important.” Trump’s pivot toward unilateral action and bilateral deals will further undermine the utility of the Group of 20, whose finance ministers and central bank bosses will also gather this week, and raises questions about Washington’s commitment to global post-financial crisis banking reforms, which it’s yet to implement. “We’re no longer in a world where we can sync policy responses,” says Clemence Landers, vice president and senior policy fellow at Center for Global Development. Already hobbled by divisions over Russia’s invasion of Ukraine, the US has further distanced itself from the G-20, which represents about 85% of the global economy. “The cost of not having the G-20 is that you won’t have a level of economic policy coordination, and that should be terrifying people,” she says. Bretton Woods As for the IMF and World Bank themselves, they’re in the crosshairs – and they know it. Trump has ordered a review of US membership in multilateral bodies by August. The two lenders have been highlighting ways they can be useful to America. The biggest recipient of IMF funds is Argentina, currently governed by close Trump ally Javier Milei. It was already by far the fund’s top debtor, and has a long history of failed loans — but just got greenlighted for another $20 billion anyway. US Treasury Secretary Scott Bessent, whose office ultimately manages Washington’s relationship with the IMF, traveled to Buenos Aires last week after the latest IMF loan was announced, signaling at least part of the administration supports the fund’s work. IMF and World Bank leaders have also pointed out to the administration that America — as their biggest shareholder – already has the power to shape policies or block decisions it opposes. The risk of outright US withdrawal from the IMF is ultimately low, according to Jimena Zuniga of Bloomberg Economics. Still, she concludes in a recent analysis that the lender likely faces a loss of status – driven by geopolitical fractures, an inward turn by the US, and declining resources relative to other parts of the global financial safety net. A weaker IMF and World Bank — known as the Bretton Woods institutions — would be an acute risk for emerging market economies struggling with high debt levels, dwindling reserves or other fiscal challenges which rely on the fund, such as Kenya, Egypt and even Ukraine. “The fund is precisely the type of organization that allows Trump to pursue foreign policy objectives aligned with national or personal interest,” Zuniga wrote, “while getting others to help foot the bill.” Meanwhile, there might be benefits to keeping a low profile. One European central banker, who asked not to be identified giving candid comments about fears of the US, said the IMF has been noticeably holding back since Trump moved into the White House. For good reasons: “When the lawnmower is on the way, you better not stick your head out.” --With assistance from Erica Yokoyama, Laura Noonan, Philip Aldrick, Kamil Kowalcze, Jorgelina do Rosario, Zijia Song and Jorge Valero. (Updates with Bloomberg Economics forecasts in seventh paragraph.) Most Read from Bloomberg Businessweek How Mar-a-Lago Memberships Explain Trump’s Tariff Obsession The Guy Who Connected Donald Trump to the Manosphere Eight Charts Show Men Are Falling Behind, From Classrooms to Careers It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an Hour Why US Men Think College Isn’t Worth It Anymore ©2025 Bloomberg L.P. View Comments |
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| 15.04.25 07:27:00 | Best Value Stocks to Buy for April 15th | |
| Here are three stocks with buy rank and strong value characteristics for investors to consider today, April 15th: Lionsgate Studios Corp. LION: This film and television production and distribution conglomerate carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days. Lionsgate Studios Corp. Price and ConsensusLionsgate Studios Corp. Price and Consensus Lionsgate Studios Corp. price-consensus-chart | Lionsgate Studios Corp. Quote Lionsgate has a price-to-earnings ratio (P/E) of 5.53, compared with 32.50 for the industry. The company possesses a Value Score of A. Lionsgate Studios Corp. PE Ratio (TTM)Lionsgate Studios Corp. PE Ratio (TTM) Lionsgate Studios Corp. pe-ratio-ttm | Lionsgate Studios Corp. Quote NCR Atleos Corporation NATL: This financial technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 9% over the last 60 days. NCR Atleos Corporation Price and ConsensusNCR Atleos Corporation Price and Consensus NCR Atleos Corporation price-consensus-chart | NCR Atleos Corporation Quote NCR Atleos has a price-to-earnings ratio (P/E) of 6.11, compared with 19.89 for the S&P 500. The company possesses a Value Score of A. NCR Atleos Corporation PE Ratio (TTM)NCR Atleos Corporation PE Ratio (TTM) NCR Atleos Corporation pe-ratio-ttm | NCR Atleos Corporation Quote HSBC Holdings plc HSBC: This banking and financial services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. HSBC Holdings plc Price and ConsensusHSBC Holdings plc Price and Consensus HSBC Holdings plc price-consensus-chart | HSBC Holdings plc Quote HSBC has a price-to-earnings ratio (P/E) of 7.33, compared with 9.80 for the industry. The company possesses a Value Score of B. HSBC Holdings plc PE Ratio (TTM)HSBC Holdings plc PE Ratio (TTM) HSBC Holdings plc pe-ratio-ttm | HSBC Holdings plc Quote See the full list of top ranked stocks here. Learn more about the Value score and how it is calculated here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lionsgate Studios Corp. (LION) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report NCR Atleos Corporation (NATL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 14.04.25 18:23:16 | Factbox-JP Morgan cuts oil price forecasts on weak demand, higher output | |
| (Reuters) - JP Morgan has revised its oil price forecasts downward for 2025 and 2026, citing increased production from the OPEC+ alliance and a projected decline in global demand, as per a note on Monday. The bank cut its 2025 Brent price forecast to $66 per barrel from $73 per barrel and 2026 target to $58 from $61. The following is a list of the latest brokerage forecasts for 2025 and 2026 average prices for Brent and WTI (in $ per barrel): Brokerage/Agency Brent WTI Forecasts as of 2025 2026 2025 2026 Goldman Sachs $69 $62 $66 $59 April 03, 2025 HSBC $73 $70 - - March 18, 2025 Barclays $74 - $70 - March 14, 2025 BofA $75 $73 - - February 24, 2025 Citi $67 $65 $63 $62 January 22, 2025 Deutsche Bank $72 $72 $68 $68 January 15, 2025 Morgan Stanley - $70 - - January 13, 2025 JP Morgan $66 $58 $62 $54 April 14, 2025 Macquarie $71 $64 $66 $60 December 05, 2024 BMI $78 - $79 - November 07, 2024 NAB $78 - - - October 06, 2024 HSBC $70 - $67 - September 30, 2024 UBS $75 - $71 - September 16, 2024 DNB $77 - - August 20, 2024 * indicates end-of-period forecast # current as of given date, may not indicate date of revision For a table of crude price forecasts as per Reuters' latest monthly poll, see (Reporting by Noel John in Bengaluru) |
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| 14.04.25 15:40:11 | HSBC or NRDBY: Which Is the Better Value Stock Right Now? | |
| Investors interested in stocks from the Banks - Foreign sector have probably already heard of HSBC (HSBC) and Nordea Bank AB (NRDBY). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Both HSBC and Nordea Bank AB have a Zacks Rank of # 2 (Buy) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is only part of the picture for value investors. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. HSBC currently has a forward P/E ratio of 7.33, while NRDBY has a forward P/E of 8.74. We also note that HSBC has a PEG ratio of 0.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NRDBY currently has a PEG ratio of 5.23. Another notable valuation metric for HSBC is its P/B ratio of 0.93. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, NRDBY has a P/B of 1.23. These are just a few of the metrics contributing to HSBC's Value grade of B and NRDBY's Value grade of D. Both HSBC and NRDBY are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that HSBC is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Nordea Bank AB (NRDBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 11.04.25 15:45:09 | HSBC (HSBC) Could Be a Great Choice | |
| All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. HSBC in Focus HSBC (HSBC) is headquartered in London, and is in the Finance sector. The stock has seen a price change of -2.51% since the start of the year. The bank is currently shelling out a dividend of $1.79 per share, with a dividend yield of 14.89%. This compares to the Banks - Foreign industry's yield of 4.08% and the S&P 500's yield of 1.7%. In terms of dividend growth, the company's current annualized dividend of $7.18 is up 76% from last year. HSBC has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 48.87%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. HSBC's current payout ratio is 30%. This means it paid out 30% of its trailing 12-month EPS as dividend. Looking at this fiscal year, HSBC expects solid earnings growth. The Zacks Consensus Estimate for 2025 is $6.81 per share, which represents a year-over-year growth rate of 4.77%. Bottom Line From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that HSBC is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Story Continues HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 11.04.25 12:34:14 | Exclusive-HSBC explores private credit push, sources say | |
| By Lawrence White, Sinead Cruise and Stefania Spezzati LONDON (Reuters) - HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the plans said, the latest move by a global bank to get in on the booming sector. HSBC's plan, reported here for the first time, shows how the bank is looking at ways to increase revenue after months of restructuring, job cuts and its biggest retrenchment from investment banking in decades. HSBC has held talks with private credit firms about a potential partnership, two of the sources said, without identifying them. The talks are at various stages and there can be no certainty that they will lead to a formal partnership, the sources said. The bank is likely to stop short of a full-blown push into private credit as some rivals have done, as senior executives, including CEO Georges Elhedery, are sceptical the revenue will outweigh the costs, one of the sources with knowledge of management's thinking said. U.S. President Donald Trump's sweeping tariffs have alsoimpacted near-term demand for credit as corporate borrowers take stock of the turmoil, meaning HSBC will take a more cautious approach, a third source said. A spokesperson for HSBC declined to comment. When banks team up with private credit firms, the latter typically provide the loan while banks earn fees for finding the customer and arranging the deal. The tie-ups enable banks to maintain customer relationships with limited or no risk to their capital. Lightly regulated private credit providers - such as asset managers - are rapidly gaining market share from banks, which have pulled back from financing riskier clients because of capital and regulatory constraints. Banks can regain some of that business by via deals with private credit firms, as Citi did with Apollo last year. HSBC may not go as far as creating a separate unit or team to handle private credit, as other banks have done amid concerns about costs, two of the sources said. It could instead offer private lending via its existing asset management and life insurance businesses in Hong Kong, they said. Jamie Markham, head of credit and capital management, who HSBC hired from JPMorgan in February 2023, is overseeing the planned push into private credit, one of the sources said. Markham did not immediately respond to a request for comment via Linkedin. BANKS FIGHT BACK The share of private lending globally on bank balance sheets has slumped from 55% in the 1970s to 33% in 2023, data from the U.S. National Bureau of Economic Research showed, alongside huge growth in bond markets as a finance source, and, more recently private credit. Story Continues Credit rating agency Moody's estimates assets under management in private credit are expected to double to $3 trillion by 2028. Among other banks, JPMorgan said in February it had set aside $50 billion more for direct lending deals. Goldman Sachs launched a new Capital Solutions Group in January to steer its private capital markets business, while Deutsche Bank last month agreed with its asset manager DWS to give it first preference on private credit deals it finds. Based on HSBC's most recent figures, it manages a $493 billion wholesale customer loan book, including hundreds of well-established mid-sized to large cap multinational companies thirsty for capital to fund cross-border expansion and trade. These borrowers are highly attractive to private credit investors because they borrow more regularly and offer better risk-adjusted returns. (Reporting by Lawrence White, Sinead Cruise and Stefania Spezzati; additional reporting by Tommy Reggiori Wilkes in London, and Selena Li and Sumeet Chatterjee in Hong Kong; Editing by Elisa Martinuzzi and Jane Merriman) View Comments |
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| 10.04.25 08:44:50 | HSBC appoints Richard Blackburn as chief risk and compliance officer | |
| LONDON (Reuters) - HSBC has appointed Richard Blackburn as group chief risk and compliance officer, the bank said on Thursday, confirming him in a role he has held on an interim basis since January. Blackburn, who has been with HSBC for over 20 years, will also serve on the Group Operating Committee which is the bank's most senior decision-making group under CEO Georges Elhedery. (Reporting by Lawrence White; editing by Philippa Fletcher) |
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