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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 697.50
Bid: 668.00
Ask: 707.00
Change: 0.00 (0.00%)
Spread: 39.00 (5.838%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 697.50
HSBA Live PriceLast checked at -

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Berenberg highlights an 'unrewarded transformation' at HSBC

Fri, 14th Mar 2014 09:30

Berenberg has maintained its 'buy' rating on global banking group HSBC, saying that its transformation has gone unrewarded by the market."We believe HSBC has transformed itself into a bank that is comparable to the one that outperformed its peers and the market between 1992 and 2003. "This appears to have been ignored by the market, with HSBC trading at a 15-year relative low to the UK market and at a 10% valuation discount to the European banks, a 13-year low," the broker said.It said that a "change of focus" at HSBC should allow the stock's valuation to return to at least a 15% premium to its European banking peers, offering 30% upside to its 790p target price.Berenberg said a simplified structure at the bank "should allow better control and focus on risk" and this will be the biggest driver of the stock's outperformance."HSBC is one of the few banks to focus on risk-adjusted return targets and recognise the inherent issues in being too big to manage. This focused risk appetite has been supported with a repositioning of the book towards secured lending and writing 90% of new business with existing customers." The stock was trading 0.75% higher at 601.7p by 09:41 on Friday.BC
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16 Jan 2024 09:27

IN BRIEF: RBC targets completion of HSBC Canada buy in late March

Royal Bank of Canada - Toronto-based lender - Targets March 28 as close date for acquisition of HSBC Bank Canada. RBC will begin conversion activities once the transaction closes and will open the branches and offices in Canada for business a few days later on April 1.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

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15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

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15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

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15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

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11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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8 Jan 2024 09:49

Saudi Arabia plans benchmark-sized three-tranche bond

DUBAI, Jan 8 (Reuters) - Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported.

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8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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8 Jan 2024 07:16

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

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