News Headline Summary
HSBC (5 HK) said it achieved USD 4bln of annualized sustainable cost savings and said to progressively grow dividends by 2016
- To introduce share buybacks by 2016.
- Targets additional USD 2-3bln of sustainable saving in 2014-2016.
- 2014-2016 target dividend payout ratio 40%-60%.
15 May 2013 - 14:06
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts