Investors interested in stocks from the Banks - Foreign sector have probably already heard of HSBC (HSBC) and Toronto-Dominion Bank (TD) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.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, whil ...

Core Viewpoint - HSBC Holdings PLC is strategically shifting its focus towards enhancing its investment banking operations in Asia and the Middle East, following its exit from significant businesses in Europe and the United States [1][3]. Group 1: HSBC's Strategic Focus - The bank will concentrate on debt financing activities globally, as well as mergers and acquisitions and equity capital markets specifically in Asia and the Middle East [2]. - HSBC aims to invest in areas where it has a competitive advantage to generate "quality" revenues [2][3]. - The ongoing withdrawal from Europe and the Americas is intended to allow HSBC to provide differentiated services to its customers [3]. Group 2: Investment and Restructuring Plans - HSBC plans to continue investing in Hong Kong, which is viewed as a central hub for the bank and a future cross-border wealth center [4]. - The restructuring initiative led by CEO Georges Elhedery aims to merge the commercial banking division with the global banking and markets unit by January 2025, targeting nearly $1.5 billion in annualized savings by the end of 2026 [5]. - The bank anticipates incurring approximately $1.8 billion in severance and upfront charges to facilitate these business simplification efforts [5]. Group 3: Recent Business Developments - HSBC is currently negotiating the sale of its German fund administration business to BlackFin Capital Partners and has already sold its private client trust business to Ludlow Trust [6]. - The bank is reducing its workforce by about 900 employees in its China digital wealth business and plans to close its M&A and some equities businesses in Europe, the UK, and the Americas by January 2025 [7]. - In October 2024, HSBC announced a simplification of its organizational structure into four distinct lines of business [8]. Group 4: Market Performance - Over the past year, HSBC shares have increased by 49.7%, outperforming the industry growth of 24.1% [9].

该基金主要投资于亚洲美元高收益债券，与同类基金相比，其在新兴市场主权债券和投资级债券上的配置 比重相对更高。亚洲固收投资团队首先基于对宏观经济的研判，确定信用、利率和货币等不同资产之间的 配置比重，进而借助定量工具的辅助，制定针对不同行业和地区的配置策略；而在自下而上精选个券环 节，投资团队会与研究团队充分讨论后决定。在 2011 年 5 月至 2025 年 2 月底主基金经理管理期间，该基金的年 化回报为 2.58% ，在同类基金中排名第 32 个百分位。在此期间，组合的波动性（以标准差衡量）为 8.63% ， 低于晨星同类平均的 10.13% ，同样排在同类第 32 个百分位。费用方面，该基金的人民币累计份额年化综合 费率为 1.36% ，低于同类基金中位数的 1.49% 。 进入晨星小程序，轻松掌握更多基金信息！ | 基金代码： | 968092 | | --- | --- | | 基金类型： | 亚洲高收益债券 | | 基准指数： | 摩根大通亚洲信贷指数非投资 | | | 级总回报指数 | | 成立日期： | 2020-02-03 | | --- | --- | | 基金规模（亿元）： | 81.8 ...

American investors are feeling the impact of tariff threats, as hedge funds funnel money away from domestic tech to international competitors. However, it isn’t just Chinese competitors who are benefiting from the inflationary and tariff squeeze concerns facing the United States—investors are also taking a renewed interest in top European stocks.  In January, the pan-European STOXX 600 rose by 6.3%, beating out the 2.7% increase seen by the S&P 500 index in the same time period. This momentum has continued ...

近日，有市场消息称，汇丰聆峰将进行人员调整，形式包括裁员、自然减员以及向其他部门进行调动。 对此，汇丰方面回应称，集团对中国市场持有长远的战略承诺，并将其作为优先发展市场，这一承诺没有改变。 券商中国记者了解到，汇丰聆峰创投计划（Pinnacle）项目始于2020年，致力于帮助汇丰在银行网点之外获客，该项 目现已成功结束。 汇丰最新表态 汇丰方面最新回应称，将继续投入，通过服务网点的客户经理、非银行渠道的财富规划师以及数字化工具，继续拓 展获客和客户服务渠道，并拓宽为客户提供的财富管理解决方案。 券商中国记者了解到，此次人员调整传闻所涉及的汇丰聆峰创投计划（Pinnacle）项目始于2020年，致力于帮助汇丰 在银行网点之外获客，该项目现已成功结束。 "我们的财富规划师团队现任职于汇丰保险经纪有限公司，我们通过这家公司提供非银行渠道的综合保险和投资服 务。"汇丰方面表示，集团致力于成为中国内地大众富裕和高净值客户首选的国际财富管理机构。 数据显示，2024年，汇丰集团在中国内地的财富管理投资资产比2023年增长了61%。 据了解，汇丰集团持续投入中国内地市场，对财富管理业务加大布局，涵盖银行端的卓越理财和环球 ...

Core Viewpoint - HSBC shareholders are currently benefiting from strong profitability and a significant re-rate in the market, with shares returning approximately 60% over the past year [1] Group 1: Company Performance - HSBC's profitability remains robust, contributing to its strong market performance [1] - The bank's shares have been standout performers, reflecting a positive market response [1] Group 2: Investment Strategy - The investment approach favors a long-term, buy-and-hold strategy, particularly in stocks that can consistently deliver high-quality earnings [1]

Company Overview - Quantexa is a global leader in Decision Intelligence (DI) solutions, focusing on empowering organizations to make trusted operational decisions using contextual data [5] - Founded in 2016, Quantexa has over 800 employees and thousands of platform users, managing billions of transactions and data points globally [6] Leadership Appointment - Stuart Riley has been appointed to Quantexa's board of directors, replacing Colin Bell [1] - Riley brings 30 years of experience in business and technology strategy, currently serving as Group Chief Information Officer at HSBC [2] Strategic Impact - As Group CIO at HSBC, Riley leads the bank's global technology strategy, focusing on innovative and customer-centric digital solutions [2] - His experience includes roles at Citi, where he led AI initiatives, and senior positions at Deutsche Bank and a technology consulting firm [3] Vision and Goals - Riley emphasizes the importance of fast and intelligent decision-making in today's dynamic business environment, aligning with Quantexa's mission to empower organizations with the right data [4] - Quantexa aims to enhance operational performance with over 90% more accuracy and 60 times faster analytical model resolution compared to traditional methods [6] Financial Performance - An independently commissioned Forrester TEI study found that Quantexa's Decision Intelligence Platform delivered a three-year ROI of 228% for customers [6]

Group 1 - The largest position in the portfolio is HSBC Holdings plc, attributed to a 39% increase in share price over the last 12 months [1] - The investment in HSBC is held through stock ownership, options, or other derivatives [1] Group 2 - The article does not provide specific recommendations or advice regarding investment suitability for individual investors [2] - The performance of HSBC in the past does not guarantee future results [2]

Presentation to Investors and Analysts HSBC Holdings plc 4Q24 Results Business update Georges Elhedery Group CEO Our FY24 performance Business update 4Q24 results Appendix FY24 performance $26.9bn of distributions to shareholders1, on the back of our strong performance Record PBT Earnings Return on tangible equity Distributions Unless otherwise stated, this presentation is presented on a constant currency basis. denotes a measure shown on a reported FX basis. In this presentation, % changes relating to ECL ...

Financial Data and Key Metrics Changes - The company reported a record profit before tax of $32.3 billion, or $34.1 billion excluding notable items, with a return on tangible equity of 14.6%, or 16% excluding notable items, aligning with mid-teens targets [7][22][23] - A total of $26.9 billion was distributed to shareholders for 2024, including $0.87 per share in dividends and $11 billion in share buybacks [7][22] Business Line Data and Key Metrics Changes - Banking net interest income (NII) remained stable, with expectations of around $42 billion in 2025, despite lower interest rates impacting growth [40][41] - Wealth management saw a significant increase, with a 27% year-on-year growth in the fourth quarter, marking the fourth consecutive quarter of double-digit growth [44][48] Market Data and Key Metrics Changes - The company attracted approximately 800,000 new personal banking customers in Hong Kong in 2024, indicating strong market growth [45][46] - The deposit base increased to $1.7 trillion, with a 3% rise in deposits during the fourth quarter, supported by customer growth and seasonality [57][58] Company Strategy and Development Direction - The company is focusing on simplifying its structure and reallocating $1.5 billion from non-strategic activities to priority growth areas, particularly in Asia and the Middle East [13][54] - Plans include expanding wealth centers in Hong Kong and enhancing transaction banking capabilities in high-growth markets [26][28] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in achieving mid-teens return on tangible equity in 2025, 2026, and 2027, despite challenges in the operating environment [24][60] - The outlook for global trade remains positive, with expectations of low-single-digit growth, benefiting from the bank's strong presence in key markets [105] Other Important Information - The company plans to incur approximately $1.8 billion in severance and upfront costs related to organizational simplification, with expected annualized savings of $1.5 billion by the end of 2025 [12][52] - The CET1 ratio stands at 14.9%, above the target range of 14% to 14.5%, providing a strong capital position for future growth [58][95] Q&A Session Summary Question: CIB Return on Tangible Equity Outlook - Management indicated that while specific medium-term returns for CIB were not provided, the business would benefit from cost synergies and improved capital allocation efficiencies [66][67] Question: Incremental Technology in International Wealth - Management emphasized the importance of investing in technology to enhance market share in cross-border wealth management, with a focus on integrating new platforms into existing services [70][72] Question: Cost Reallocation and Revenue Expectations - Management clarified that reallocating $1.5 billion from low-return activities is expected to yield higher returns, particularly in wealth and transaction banking, which are low capital-consuming businesses [82][84] Question: CET1 Ratio and Future Capital Management - Management confirmed comfort with the CET1 ratio target of 14% to 14.5%, with no immediate plans to lower it further, focusing instead on growth opportunities [94][95] Question: Loan Growth Challenges - Management acknowledged recent flat loan growth but expressed optimism for stabilization and potential growth as interest rates stabilize [121][122]