HSBC Results – strong start to year from markets division


Following yesterday’s dismal results from Barclay’s dragged down by weak 41% drop in income from FICC, today HSBC by contrast reports a good set of results from their markets division.

HSBC Global Banking and Markets (GB&M) reported first quarter income of $2,225mln almost unchanged from the $2,231mln in Q1 2013. Whilst year on year performance was almost unchanged, Equities (+36%) was the star performer followed by Credits (+14%), with falls from Rates (-13%) and FX (-8%).

However the Markets division got off to a flying start in the Q1 2014 with a 72% increase in income, following a subdued Q4 2013, with a very strong rebound in Rates (+1,478%) and Credits (+125%) and most gains in FX (+16%) and Equities (+10%).

Below is table showing Global Banking and Markets income.

Full report here (my data from table on page 21)

HSBC Markets

 HSBC Table and chart showing year on year and qtr/qtr performance of Markets Division

Below is Table from yesterday’s post now with addition of HSBC results

FICC revenuesGoogle search on FICC results for Year on year FICC performance

2 Responses

  1. For most recent news you have to pay a visit world wide web and on internet I found this website as a finest web page for newest updates.

  2. Thanks for sharing your thoughts on wordpress blog widget.
    Regards

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: