HSBC beats expectations as IB, commercial banking and deleveraging drive revenue growth

HSBC on Tuesday beat consensus profit expectations thanks to strong performances from its global banking and markets (GBM) and commercial banking (CMB) divisions, complemented by increased revenues from its balance sheet management business as it continued to shed unwanted assets.

  • 08 May 2012

GBM’s credit and rates businesses benefited from strong performance in European sovereign and FIG debt after the European Central Bank conducted its three year long term refinancing operation (LTRO) in December and February, but equity revenues were down.

The bank posted group pre-tax profits of $4.3bn, compared to ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,472.52 36 6.26%
2 Commerzbank Group 6,830.68 42 5.04%
3 UniCredit 6,825.82 54 5.04%
4 BNP Paribas 6,477.17 27 4.78%
5 LBBW 6,140.56 29 4.53%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 76,734.75 290 7.49%
2 Goldman Sachs 66,762.71 336 6.51%
3 Bank of America Merrill Lynch 66,233.17 243 6.46%
4 Citi 64,509.12 373 6.29%
5 JPMorgan 62,617.38 297 6.11%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 58,376.99 210 10.77%
2 Citi 56,018.85 292 10.33%
3 Bank of America Merrill Lynch 53,331.07 205 9.84%
4 JPMorgan 51,856.81 227 9.56%
5 Goldman Sachs 51,087.97 275 9.42%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,014.64 17 7.41%
2 SG Corporate & Investment Banking 4,741.46 19 7.01%
3 BNP Paribas 4,566.36 14 6.75%
4 Credit Agricole CIB 4,553.92 17 6.73%
5 Commerzbank Group 4,242.73 17 6.27%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,876.41 27 14.03%
2 Barclays 6,735.15 18 12.00%
3 BNP Paribas 3,779.92 18 6.74%
4 Credit Suisse 3,754.01 17 6.69%
5 Citi 3,502.60 28 6.24%