HSBC stock heads into next week near highs as bank rally keeps bid alive
HSBC shares closed up 1.21% at 1,285.40 pence in London on Friday, tracking gains in UK bank stocks. The FTSE 100 rose 0.5%, marking a seventh straight monthly gain. HSBC reported 17.18 billion ordinary shares outstanding as of Jan. 29. In Hong Kong, HSBC suffered a mobile app and branch outage for several hours Friday.