TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

Operation Disclosure GCR/RV Intel Alert for December 14, 2017

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - December 14, 2017 The Galactic advisers in ch...

Monday, July 31, 2017

HSBC: Second Quarter of Growth Backs Turnaround Story

HSBC Rises as Second Quarter of Growth Backs Turnaround Story

By Stephen Morris and Alfred Liu
July 31, 2017, 12:07 AM EDT July 31, 2017, 3:51 AM EDT

  • Bank to buy back $2 billion of stock as capital buffer rises
  • Investment bank profit jumps as advisory offsets poor trading
After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings Plc might finally be gathering momentum.

Adjusted revenue and pretax profit rose 4 percent and 13 percent respectively, beating analysts’ estimates, as the bank continued to pump capital into better-returning markets in Asia and earnings at the investment bank surged. The latest buyback means the London-based bank has pledged to repurchase $5.5 billion of shares in the past year, and executives said they’re prepared to do more.

“The key market focus will be on the improved revenue and capital formation trends,” Goldman Sachs Group Inc. analysts wrote in a note Monday. “Investors will undoubtedly focus on what implications this could have for future capital returns.”

The results indicate Gulliver’s revamp of HSBC is starting to bear fruit as the bank starts to grow again after five years of declining revenue. The chief executive officer has spent most of his tenure shrinking and imposing central control over HSBC’s vast global network, exiting almost 100 businesses and 18 countries while enduring several costly misconduct scandals.

“You could argue there is a more focused, logical, cohesive set of businesses that remain and there is absolutely growth” on show at HSBC now, Gulliver said on a call with analysts.

New Chairman Mark Tucker, who will succeed Douglas Flint in October, is already considering internal and external candidates to replace the retiring Gulliver, with an emphasis placed on someone who can continue to galvanize growth at Europe’s largest bank.

Shares Up

The bank’s stock jumped 3.8 percent to 771.6 pence at 8:15 a.m. in London to the highest price since May 2013. The shares have risen 56 percent in the past year.



“We’ve got revenues heading in the right direction across all our major businesses and regions” and are in a “very strong capital position,” HSBC’s Finance Director Iain Mackay said in Bloomberg Television interview with Manus Cranny.

With most banks in Europe slashing or eliminating their dividends to fund major restructuring programs, HSBC has been one of the few to consistently pay out since the financial crisis, distributing more than $20 billion since June 2015 alone. New capital regulations have also depressed shareholder payouts as banks stockpile cash to swell their loss-absorbing buffers.

HSBC has reached the end of this capital-building process after boosting its common equity Tier 1 ratio to 14.7 percent from 14.3 percent at the end of March, above its target range of 12 percent to 13 percent.

More Buybacks?

“We will maintain the dividend” and “you can see that we are more than prepared to use buybacks to manage our capital actively,” Gulliver said in a telephone interview. “We’ll use buybacks if we find that we have surplus capital beyond what we think we can deploy profitably in the business in an accretive way and beyond the buffers that we think we may need.”

Mackay has previously said as much as $8 billion could be repatriated from its U.S. operations and a portion of this would be allocated to buybacks. HSBC’s North American unit passed a Federal Reserve stress test in June, clearing the way for more than $3 billion of capital to be returned to shareholders, analysts said at the time.



Profit at its three biggest units increased, led by a 31 percent jump in Global Banking and Markets, which houses the investment bank. A 16 percent gain in income from services such as debt and equity underwriting and merger advice offset a 6 percent decline in the trading businesses, where rates and credit suffered a bad quarter across the industry.

“The shape of our global banking and markets business is somewhat different than some of the others,” Gulliver said. “A large chunk of it is shaped towards corporates not financial institutions and obviously corporates have to do things every day irrespective of whether markets are good, bad or indifferent, so they are far more stable and predictable.”
More Investment

In Asia, where the bank makes the vast majority of its earnings and is redeploying billions of dollars of investment, second-quarter pretax profit rose 2 percent to $3.8 billion. Earnings in Europe surged 62 percent on the back of the better-then-expected investment bank performance.

The bank delivered on some key metrics, but missed on others. Revenue rose faster than costs -- a measure the bank calls jaws -- which management has identified as a strategic issue to address. Adjusted jaws was at 1.6 percent though the bank’s return on equity remained below the bank’s target of more than 10 percent, coming in at 8.8 percent for the first half.

The bank also took another $89 million charge for the payment protection insurance scandal after the deadline for customer compensation claims was extended. Barclays Plc and Lloyds Banking Group Plc each set aside 700 million pounds ($918 million) for PPI last week.

The firm’s pretax profit rose 13 percent to $6 billion, exceeding the $5.5 billion average estimate of five analysts compiled by Bloomberg. Revenue in the quarter rose 4 percent to $13.2 billion, also beating analyst forecasts.

Source: Bloomberg

Reactions:

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More