Can anyone tell me why Trade Republik canceled my December dividend of $HSBA (-0,42 %) canceled ? Never had this case before!

January 20-24, 2025, Davos, Switzerland

The World Economic Forum (WEF) is an international organization founded by Klaus Schwab in Switzerland in 1971. It promotes cooperation between business, politics, science & civil society. The Annual Meeting takes place in Davos. The motto for this year:

"Cooperation in the age of intelligence"

The World Economic Forum 2025 is dedicated to a wide range of topics, including geopolitical tensions, economic growth and the transition to clean energy. At the same time, tech, AI, quantum computing & biotech also play an important role.

As always, there will be posts on all relevant topics from @HennRes & @Michael-official will be published. Under the #wef2025 you will be able to view all posts in chronological order.

Main topics:

• Rethinking growth: How can we tap into new sources of economic growth?

• How can companies respond to tech and geopolitical upheaval?

• What measures promote education, health & human capital?

• How can innovative partnerships & techs drive climate protection?

• How can cooperation be strengthened to overcome social divisions?

Participants from politics & business.

Over 350 government representatives, including 60 heads of state & government, 1600 people from the private sector, including 900 CEOs and over 170 people from NGOs, trade unions, academia and indigenous peoples are also present.

The key figures from politics are:

• 🇺🇸 Donald J. Trump(soon to be) President of the USA (via video link)
• 🇪🇺 Ursula von der Leyen, President of the European Commission
• 🇨🇳 Ding XuexiangVice Prime Minister of the People's Republic of China
• 🇦🇷 Javier MileiPresident of Argentina
• 🇩🇪 Olaf Scholz, Chancellor of Germany
• 🇿🇦 Cyril Ramaphosa, President of South Africa
• 🇪🇸 Pedro Sánchez, Prime Minister of Spain
• 🇨🇭 Karin Keller-Sutter, President of the Swiss Confederation 2025
• 🇺🇦 Volodymyr Zelenskyy, President of Ukraine

Executives from the private sector (who are expected/ not offical)

Technology sector

• 🇺🇸 $MSFT (+0,95 %) (Microsoft) - Satya Nadella, CEO
• 🇺🇸 $AMZN (+0,5 %) (Amazon) - Andy Jassy, CEO
• 🇺🇸 $IBM (+0,37 %) (IBM) - Arvind Krishna, CEO
• 🇺🇸 $MSFT (+0,95 %) (Microsoft) - Bill Gates, co-founder and head of the Bill and Melinda Gates Foundation
• 🌎 Cohere - Aidan Gomez, CEO
• 🌎 $META (+0,46 %) (Meta) - Yann LeCun, AI scientist
• 🌎 OpenAI - Sam Altman, CEO
• 🇺🇸 $TSLA (+0,58 %) (Tesla) - Elon Musk, CEO

Financial sector

• 🇪🇺 ECB - Christine Lagarde, President of the European Central Bank
• 🇫🇷 ECB - Francois Villeroy de Galhau, President of the French Central Bank
• 🇩🇪 German Bundesbank- Joachim Nagel, President
• 🇺🇸 $BLK (BlackRock) - Martin Lück, Chief Investment Strategist
• 🇳🇱 $ING (-0,93 %) (ING) - Carsten Brzeski, Chief Economist at ING Germany

Banking sector

• 🇺🇸 $JPM (-0,23 %) (JPMorgan Chase) - Jamie Dimon, CEO
• 🇨🇭 $UBSG (+0,25 %) (UBS) - Sergio Ermotti, Group CEO
• 🇨🇭 $UBSG (+0,25 %) (UBS) - Colm Kelleher, President
• 🇩🇪 $DBK (+0,52 %) (Deutsche Bank) - Christian Sewing, CEO
• 🇺🇸 $GS (-0,18 %) (Goldman Sachs) - David Solomon, Chairman and CEO
• 🇺🇸 $BAC (-0,16 %) (Bank of America) - Brian Moynihan, CEO
• 🇺🇸 $C (-0,1 %) (Citigroup) - Jane Fraser, CEO
• 🇬🇧 $HSBA (-0,42 %) (HSBC) - Mark Tucker, Group Chairman
• 🇬🇧 $HSBA (-0,42 %) (HSBC) - Michael Roberts, CEO of HSBC Bank
• 🇺🇸 $MS (-0,27 %) (Morgan Stanley) - Ted Pick, CEO
• 🇬🇧 $BARC (-0,2 %) (Barclays) - C.S. Venkatakrishnan, CEO
• 🇫🇷 $GLE (+0,28 %) (Société Générale) - Slawomir Krupa, CEO
• 🇮🇹 $UCG (+0,55 %) (UniCredit) - Andrea Orcel, CEO
• 🇦🇹 $BG (+1,49 %) (BAWAG Group) - Anja E. M. W. Schreiber, CEO
• 🇦🇹 $EBS (+0,18 %) (Erste Group) - Andreas Treichl, CEO

Industry sector

• 🇩🇪 $BAYN (-1,95 %) (Bayer) - Bill Anderson, CEO
• 🇨🇭 $NESNE (Nestlé) - Mark Schneider, CEO
• 🇬🇧 $ULVR (-0,48 %) (Unilever) - Hein Schumacher, CEO
• 🇨🇳 SHEIN - Donald Tang, Vice Chairman
• 🇮🇳 ADANIENT (Adani Enterprises) - Gautam Adani, Chairman

... and many more from the Tech, Banking, AI, Biotech, Pharma, Industrial, etc. sectors.

$JPM (-0,23 %)

"The US economy has proven to be robust. Unemployment remains relatively low and consumer spending remained strong through the vacation season. Businesses are more optimistic about the economy and are encouraged by expectations of a more growth-oriented agenda and improved cooperation between government and business."

"However, two significant risks remain. Current and future spending needs are likely to be inflationary and therefore inflation could persist for some time. In addition, geopolitical conditions remain the most dangerous and complicated since the Second World War. As always, we hope for the best, but are preparing the company for a variety of scenarios."

$C (-0,1 %) , $WFC (-0,4 %) , $BAC (-0,16 %) , $DBK (+0,52 %) , $SOFI (+1,85 %) , $BLK (+0,17 %) , $MS (-0,27 %) , $HSBA (-0,42 %) ,

Last year, there was a distinct lack of snow in December. Instead, the portfolio did really well and I made progress with my crypto sell-off strategy. A small cold in the fall, despite taking good precautions, set me back in terms of ice bathing and hiking, but fortunately I was healthy again by Christmas. Unfortunately, that wasn't all... Time for a look back.

I present the following points for the past month of December 2024:

➡️ SHARES

➡️ ETFS

➡️ DISTRIBUTIONS

➡️ CASHBACK

➡️ AFTER-PURCHASES

➡️ P2P CREDITS

➡️ CRYPTO

➡️ WHAT IS REALLY IMPORTANT

➡️ OUTLOOK

➡️ Shares

$AVGO (+2 %) is back on the tube. Wow, at +276%, the stock is now up for me. After the share cooled down a little, it went to the moon again in December.

$NFLX (+1,06 %) and $SAP (+1,51 %) are on a par with the previous month in terms of performance and are still in 3rd and 4th place in terms of volume. $WMT (-0,07 %) . The retail chain will soon become a doubler for me.

The red lanterns will once again go to the usual suspects $NKE (+0,04 %) , $DHR (+0,21 %) and $CPB (-0,61 %) . In terms of performance, all three stocks are down between -30% and -20%. They are the smallest positions in my main share portfolio with the $DHL (-1,2 %) However, across all portfolios, the smallest positions are the new additions $SHEL (+0,75 %) and $HSBA (-0,42 %) .

➡️ ETFs

The ETFs are doing their thing as usual. This month, I immediately invested a refund from the previous year's utility bill in the $GGRP (+0 %) and $JEGP (-0,87 %) invested. I'm always expanding this asset class in particular with cash inflows. I don't care about timing. The money should go into the assets so that the stream of distributions keeps growing. I buy income and want cash flow.

➡️ Distributions

I received 34 distributions on 14 payout days in December. I am grateful for this additional income stream. My minimum target has been met anyway in this high-distribution month. The snowball rolling down the slope is getting bigger and bigger.

I already donated part of the dividend at the beginning of the month. This is based on the conviction that you can (and should) give something back, no matter how small, if you have the opportunity to do so.

➡️ Cashback

In November, I received €6 from redeemed Payback points, the equivalent of which I transferred from my grocery account to my settlement account. As already mentioned, there was also a credit from the utility bill. REWE and Penny have now separated from Payback, while Edeka, Netto Markendiscount and Marktkauf have joined. All three new stores are not in my immediate vicinity, which is why I will earn fewer Payback points in future. I will most likely collect the points mainly at DM. REWE and Penny now have their own bonus programs. REWE's will be exciting, as I can also save up credit with my purchases. I will deduct this discount from my grocery account and invest it in the same way as before. I'll see over the year whether it pays off more than Payback did back then.

➡️ Subsequent purchases

As already mentioned, there were additional purchases at $JEGP (-0,87 %) , $GGRP (+0 %) and $SPYD (-0,89 %) . I always invest every little return or leftover money to further increase my portfolio. This buys me freedom.

➡️ P2P loans

I was finally able to get rid of Peerberry. Now only Mintos is hanging on my leg like a log. A mid-double-digit amount, which has long since defaulted, is still waiting to be refunded or written off.

This asset class will soon be history for me.

➡️ Crypto

All in all, December was another exciting month for crypto investors. Limit orders were triggered again for me. The last tranches $LINK (-2,95 %) have left me, as has a first tranche $UNI (-1,6 %) and a first tranche $BTC (-0,99 %) . I have invested the proceeds in $HSBA (-0,42 %) and $SHEL (+0,75 %) invested in the separate portfolio. I have already explained my underlying strategy in detail, which you can read about in my articles. Recently, the crypto market has been in a sideways phase again. I'm hoping for another breakout in January to trigger further limit orders, as I still need to buy a security so that the separate portfolio pays me a return each month. So far, only two out of three quarterly months are covered. The two new stocks have even performed well in this short period of time, gaining around +3.6% within a month. The last purchase will perhaps be an ETF. You will see more about this in the coming reviews. I am already looking forward to collecting again in the coming bear market and will then certainly write an extra post with the levels at which I will gradually enter again.

➡️ What is really important

I remember December as a good month in financial terms, but unfortunately Christmas was overshadowed by tragic events this time.

After recovering from my cold at the beginning of the month a few days before Christmas Eve and getting back to my daily routine (consisting of work, running, ice swimming, hiking and my love of finance), I received the terrible news from Magdeburg. I am simply stunned and ask myself "why?". I am not affected, I am not one of the bereaved and I don't know any of the victims, the wounded or the bereaved personally, yet this event brought me down on the evenings around the Christmas holidays. Loyal readers know that I am working on a closer relationship with my ex's kids. Even though my blood doesn't run through their veins, questions ran through my mind about what if they were affected by the horrific act, or me? It could have happened anywhere. At least in the event of my untimely demise, I also made appropriate arrangements in the last few days of the year to ensure that what I leave behind ends up where I want it to be. I spent the turn of the year with the kids and the time I spent with them was the best end to the year imaginable. It's nice when connections continue to exist and you remain part of the life of the Kampfzwerge and can continue to accompany them through life.

➡️ Outlook

New year, new luck. I'll be surprised what the new year will bring. There will be a separate post for the evaluation of 2024 as a whole. I'm particularly happy because I exceeded an important goal despite a few expenses.

Links:

Social media links can be found in my profile, you can also check out the Instagram version of my review.

......noch bought a little extra dividend

Tonight I also triggered a limit order at $BTC (-0,99 %) triggered a limit order. A first smaller partial tranche has been sold. Everything is going according to plan. I have even revised the targets announced in my #krypto -I have even adjusted some of the BTC targets announced in my post upwards. This means that the limit order was triggered at around USD 106,500 / EUR 99,000. Over USD 10,000 more than planned. The order, which I also placed with a lot of gut feeling after my analysis, happens to be as good as the nightly top 🥰

The next tranche is at 104,000 EUR / 109,300 USD.

Even though my planning and analysis is based on USD prices for crypto, I have set the limit orders in EUR prices.

I am now also publishing what the profits and stakes will be reinvested in. The exact securities I am looking at have not yet been explicitly mentioned.

So far, investments have been made in $HSBA (-0,42 %) from the proceeds of $XRP (-0,04 %) , $LINK (-2,95 %) and the first tranche of $UNI (-1,6 %) -sales.

From today's first tranche of $BTC (-0,99 %) -sales, I entered $SHEL (+0,75 %) I have entered.

What else will come according to plan? $BP. (+0,53 %) As a single share. I would then have 3 shares to cover the third month of each quarter with distributions in a separate portfolio. I want to cover the first two months with ETFs, including the first month with either the $EXSB (-0,15 %) or (and) $EXX5 (-0,76 %) and the second month with the $FUSD (-0,34 %) . Will there be any overlaps with my main or one of the two old ETF portfolios in terms of the composition of the securities? For sure! But that doesn't matter to me, as I consider this portfolio, in which the crypto stakes and profits are invested, separately. As you can see from my articles, this is all about building up the basis, the dividends from which I will then use to build up new crypto holdings in the coming bear market so that I don't have to draw on my net salary. This is because the net salary is firmly earmarked for the regular savings plans and the distributions from the main and old portfolios.

Based on the current prices, I think that my second BTC tranche will be the next to fall. The altcoin season should start very soon. I can hardly wait $BCH (-0,73 %) , $LTC (-2,47 %) , $SOL (-0,08 %) , $DOT (-2,43 %) , , the rest $UNI (-1,6 %) and $MATIC (-1,38 %) to finally get rid of it. But I think it will be most exciting with the higher planned tranches at $BTC (-0,99 %) and $ETH (-0,67 %) .

$XRP (-0,04 %) performed quite well today and yesterday. My limit order, which I placed yesterday, was triggered on the assumption that it would not be triggered so easily. It can't be that this coin will soon double within a few days. Well... Bye bye XRP holdings... I'm going home with a smaller three-digit amount, which is tax-free as the holding period has long expired.

As per my article yesterday, I'm shifting into a stock that will then generate cash flow for me to enable new purchases via dividends in the coming bear market. $BTC (-0,99 %) purchases in the coming bear market.

The candidates are $HSBA (-0,42 %) , $SHEL (+0,75 %) and $BP. (+0,53 %) . Which one would you prefer?

HSBC Q3 2024 $HSBA (-0,42 %)

Financial performance

HSBC reported profit before tax of USD 30.0 billion for the first nine months of 2024, up slightly from USD 29.4 billion in the same period last year. This growth was supported by a stable revenue performance, with revenues increasing from USD 53.0 billion to USD 54.3 billion. The cost efficiency ratio rose slightly to 45.0% from 44.2% previously, indicating a slight increase in operating costs.

Balance sheet analysis

As of September 30, 2024, HSBC's total assets grew to USD 3.1 trillion, an increase of USD 124 billion since June. This growth was mainly driven by higher repurchase agreements, increased loans and advances to banks and an increase in financial investments. Customer loans increased to USD 968.7 billion from USD 938.3 billion, reflecting solid demand for credit.

Income statement

The income statement shows a stable sales trend. On a constant currency basis and excluding special effects, sales amounted to USD 50.9 billion for the first nine months. However, the net interest margin fell slightly to 1.57% from 1.70%, indicating lower profitability in the lending business.

Cash flow analysis

Growth in customer deposits and lending indicates strong cash flows from operating activities. Customer deposits increased by USD 67 billion, strengthening HSBC's liquidity position.

Key performance indicators and profitability

Return on common shareholders' equity was 17.9%, down slightly from 18.3% last year, while average return on tangible equity was 19.3%, compared to 19.7% previously. The Common Equity Tier 1 (CET1) ratio improved to 15.2%, indicating a solid capital base and lower risk profile.

Segment analysis

The Wealth and Private Banking segment recorded strong growth momentum, with the volume of assets increasing by 15% to USD 1.9 trillion. The corporate banking business also expanded, particularly through growth in term lending in the UK and other key markets, reflecting HSBC's strategic focus on credit expansion.

Competitive analysis

HSBC continues to expand internationally and diversify its revenue streams, particularly in Asia. The strategic steps, such as the acquisition of SVB UK and disposals in France and Canada, are part of a comprehensive strategy to optimize the portfolio and focus on growth regions.

Forecasts and management commentary

Management is targeting a return on tangible equity in the mid-teens, excluding special effects, for 2024 and 2025. The bank continues to focus on growth in Asia and strict cost control as key strategic elements.

Risks and opportunities

Geopolitical tensions, particularly in the Middle East and between China and Western nations, pose risks that could impact the business. However, HSBC is well positioned to benefit from growth opportunities in the Asian asset sector and to take advantage of recent portfolio shifts.

Summary and strategic implications

HSBC's Q3 2024 results reflect stable financial health, with strategic acquisitions and divestments likely to shape its future direction. The Bank's focus on growth in Asia and wealth management as well as the strengthened balance sheet provide a solid foundation for further growth. At the same time, prudent risk management in the face of geopolitical and economic uncertainties will be crucial for continued success. Remains on the watchlist due to too many financial stocks in the portfolio.

Positive statements

• Profit Growth: HSBC reported a pre-tax profit of USD 30.0 billion for the first nine months of 2024, an increase on the previous year.
• Asset Growth: Total assets increased to USD 3.1 trillion, reflecting strong growth supported primarily by repurchase agreements and loans.
• Wealth Management Success: Assets in Wealth and Personal Banking increased by 15% to USD 1.9 trillion, indicating a positive development in this segment.
• Strategic transactions: The acquisition of SVB UK and divestments in France and Canada are strategic moves to realign HSBC's portfolio in line with its growth strategy.
• Strong CET1 ratio: The CET1 ratio improved to 15.2%, underlining the Bank's solid capital position.

Negative statements

• Falling net interest margin: The net interest margin fell slightly from 1.70% to 1.57%, indicating pressure on interest income.
• Slight decline in return on equity: The return on equity for ordinary shareholders fell to 17.9% from 18.3%, indicating slightly reduced profitability.
• Geopolitical risks: Tensions in the Middle East and between China and Western countries pose significant risks to business operations.
• Market volatility: Increased volatility, particularly as a result of political changes in China, has led to increased customer activity, which could result in unstable revenue streams.
• Exposure to economic uncertainty: The Bank is exposed to risks arising from economic uncertainty, including the potential impact of inflation and interest rate fluctuations.

Earnings summary this morning 👇🏼

$BP. (+0,53 %)
| BP Q3 2024 Earnings

EPS Adj 13.89C (12.67C)

Adj Net $2.27B (est $2.05B)

Oper Cash Flow $6.16B (est $6.29B)

Net Debt $24.21B (est $23.28)

Plans 1.75B Share Buyback For Third Quarter

Sees 4Q Reported Upstream Production To Be Lower Vs Q3

$OMV (-0,41 %) | OMV AG Q3 24 Earnings:

- Clean CCS Oper Profit EU1.10B (est EU1.05B)

- Clean CCS Net Income EU346M (est EU447.8M)

- Still Sees FY Organic CAPEX About EU3.8B (est EU3.68B)

- Sees FY Avg Production 330, 000 To 350, 000 BOE/D

$NOVN (+0,54 %) | Novartis Q3 24 Earnings:

- Core EPS $2.06 (est $1.94)

- Net Sales $12.82B (est 12.68B)

- Net Sales Expected To Grow By 'Double Digit'

- Raises FY Outlook

- Now Sees FY Core Oper Income Growth In High Teens

$SAN (+0,61 %) | Santander Q3 24 Earnings:

- Net Income EU3.35B (est EU3.17B)

- Net Interest Income EU11.23B (est EU11.57B)

- Net Loan - Loss Provision EU2.98B (est EU3.18B)

- Confident It'll Deliver On All Targets

$HSBA (-0,42 %) | HSBC Q3 24 Earnings:

- Div/Shr 10C (est 10C)

- Net Interest Income $7.64B (est $9.25B)

- Sees Div payout Ratio Target Basis of 50% for 2024

- Announces Up $3B Buy Back

$ADS (+2,81 %) | Adidas is optimistic after a strong third quarter and confirms a sales increase of 7.3% to 6.4 billion euros. Demand in Europe and growth in China are driving the development, while profits increase by 73.4% to 469 million euros.

$HYQ (-1,97 %) | Hypoport increases revenue by 29% to 114 million euros in the third quarter and achieves an operating profit of 3.6 million euros, which is above analysts' expectations. The upturn in real estate finance is driving growth.

$LHA (-0,45 %) | Lufthansa announces a savings program to increase adjusted operating profit by EUR 1.5 billion by 2026. Adjusted profit in the third quarter of 2024 falls by 9% to EUR 1.3 billion Deutsche Lufthansa AG expects an operating profit of between EUR 1.4 billion and EUR 1.8 billion for the full year 2024, after focusing on the cost structure in the third quarter. The share is benefiting from hopes of an easing of the Middle East conflict.

$CEC (-1,55 %) | Ceconomy exceeds analysts' expectations with adjusted EBIT in the upper half of the range of 290 to 310 million euros. Sales increase by 5.3% to around 22.4 billion euros in the 2023/2024 financial year

$HFG (-4,69 %) | HelloFresh Group achieves currency-adjusted revenue growth of 1.9% compared to the previous year and adjusted EBITDA ("AEBITDA") of €72 million

Podcast episode 60 "Buy High. Sell Low."

Banker interview part 2, job application, life, personal & private matters. Subscribe to the podcast, because part 3 is coming soon!

Spotify

https://open.spotify.com/episode/67iGQ3lcRqhxsQSXgsdHdY?si=pl4NBip0SK2HevoroljtQA

YouTube

https://youtu.be/_T1XtsyfKx4

Apple Podcast

https://podcasts.apple.com/us/podcast/folge-60-b%C3%A4nker-interview-teil-2-bewerbung-leben-pers%C3%B6nliches/id1695869891?i=1000673078238

$DBK (+0,52 %)
$CBK (-0,47 %)
$BNP (-0,76 %)
$HSBC (-0,71 %)
$HSBA (-0,42 %)
$GLE (+0,28 %)
$ACA (-0,32 %)
$FUT
$MS (-0,27 %)
$GS (-0,18 %)
$C (-0,1 %)
$WFC (-0,4 %)
$SAN (+0,61 %)
$BAC (-0,16 %)
$USB (-0,62 %)
$RBC (-0,32 %)$NUBR33$BNS (+0,6 %)$PBB (-0,19 %)
#podcast
$SPOT (+0,22 %)
$AAPL (-0,49 %)
$GOOGL (-1,23 %)
$GOOG (-1,31 %)
#bank
#banken
#karriere
#geld
#job