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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: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.00 (0.00%)
Spread: 0.10 (0.014%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 705.50
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Broker snap: Espirito Santo downgrades RBS and Lloyds to 'sell'

Tue, 29th Jan 2013 15:33

While shares in Royal Bank of Scotland were being hammered on Tuesday by concerns about alleged LIBOR manipulation in the US, the stock was being weighed down further by a downgrade by Espirito Santo.Lloyds was also taken down a peg by the broker in its review of the UK banking sector. Espirito highlighted that UK domestic lenders have been some of the best performing banks in Europe since the European Central Bank (ECB) unveiled its Outright Monetary Transactions programme.However, the broker said: "While systemic and regulatory risks have receded, the operating environment remains difficult in the face of a weak economic outlook. 2013E consensus earnings have fallen steadily and only now appear to be stabilising."RBS and Lloyds are now two of the most expensive stocks under Espirito's coverage and the broker foresees "limited upside" from current levels. Meanwhile, the broker said that short-term regulatory risks still remain."With Lloyds most impacted if regulators moved to standardised credit risks, and RBS the weakest capitalised UK bank, dilutive equity raisings cannot be ruledout. Hence we downgrade Lloyds and RBS to 'sells' reflecting full valuations and regulatory risks."In contrast, Espirito reiterated its 'buy' ratings for sector peers HSBC and Standard Chartered for their international growth and for Barclays ahead of its strategic review announcement next month.RBS was down 6.3% at 344.5p before the close on Tuesday. The business was making headlines on rumours that suggested it could be charged as much as £500m by regulators to settle claims over a probe into rigged LIBOR.Lloyds was 2.5% lower at 51.83p.BC
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U.S. inflation data sparks selloff

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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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8 Jan 2024 07:14

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

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1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

Jan 1 (Reuters) - HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

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1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

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Rai Way investors seek update on mooted TV towers tie-up - sources

Tie-up with EI Towers would create national leader

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22 Dec 2023 14:58

Rai Way investors seek update on mooted TV towers tie-up - sources

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22 Dec 2023 10:59

South Korea fines two global banks for short-selling rule breaches

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22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

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LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

(Alliance News) - Stocks in London are likely to open lower on Friday, with investors feeling frosty ahead of a US inflation print this afternoon, amid sobering UK economic growth data.

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