HSBC reports Q1 Results on Friday, 3 May

• Last time HSBC reported: FY Results, 19 Feb.
• The shares fell as much as -4.9% on the day for a daily range 19.8p or 3%.
• Shares -0.8% from 2019 highs; +9.3% from 2019 lows; +2.9% year-to-date.
• Currently 667p (at time of writing).
• Will we see another big share price move on Friday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading HSBC – An Example

Let’s say you think that HSBC results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of HSBC using CFDs, at the current price of 667p. To do this, you need £2,000.

For the purpose of this example, let’s assume HSBC reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. HSBC results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.