HSBC Holdings' stock price in London rose 5.1% in the early session, up 0.4% compared to the Hong Kong closing price

HSBC Holdings (00005.HK) saw its stock price rise 5.1% in early London trading, reaching £13.56 (1,356 pence), equivalent to HKD 143.3, which is 0.4% higher than the closing price of HKD 142.7 in Hong Kong. The intraday high was £13.7, equivalent to HKD 144.8.

HSBC Holdings announced its performance for last year at noon, reporting a year-on-year decline of 7% in adjusted pre-tax profit to USD 29.907 billion, close to the upper limit of the consensus forecast from 8 brokerages of USD 30.135 billion. The basic earnings per share were USD 1.21. The group declared a fourth-quarter dividend of 45 cents per share, with a total annual dividend of 75 cents per share, exceeding the upper limit of the consensus forecast from 8 brokerages of 74 cents.

The group also raised its average tangible equity return on tangible equity (ROTE) forecast for this year to the next two years to 17% or higher