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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: 691.40
Bid: 692.00
Ask: 692.10
Change: -1.40 (-0.20%)
Spread: 0.10 (0.014%)
Open: 696.20
High: 698.30
Low: 689.10
Prev. Close: 692.80
HSBA Live PriceLast checked at -

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Broker snap: Investec downgrades ratings for HSBC and RBS

Fri, 19th Jul 2013 10:19

Investec has downgraded its ratings for banking peer HSBC and RBS from 'buy' to 'hold' in separate research reports, reiterating its preference for rival Barclays.HSBCAnalyst Ian Gordon said that while HSBC is not overtly expensive, consensus forecasts for the dividend have "now caught up with our own (positive) view, whereas we regard the market's earnings expectations as still a little frothy".Investec is expecting the firm to report a pre-tax profit of $5.9bn for its second quarter, some 5.0% below the consensus estimate of $6.2bn.Gordon said: "To the extent that we are wrong, we expect Global Banking & Markets to get HSBC 'over the line'. We remain more confident that the market still has downgrades to both the net interest margin and net interest income to factor in."He pointed out that the stock has marginally outperformed the FTSE 100 so far this year and now trades within just 4.0% of its 57-month high.The 740p target price for HSBC has been maintained.RBSFollowing an impressive share price recovery after the stock was "oversold" in June (according to Gordon), RBS is now trading on 0.75 times 2013 tangible net asset value, "which we no longer regard as absurdly cheap - just cheap, and (perhaps) for good reason".The analyst believes that the main reasons for the initial sell-off - the removal of frontman Stephen Hester and the potential of an "ill-conceived" 'good bank'/'bad bank' split - still remain unresolved."However, we caution against adopting any aggressively negative stance on RBS. Constructive near-term solutions are at hand. If the Board were to act decisively and appoint Ross McEwan, who would be our top pick, within the next few weeks, we believe it would help to remove significant strategic uncertainty and perhaps convince shareholders that their interests will be protected."After raising his target price from 335p to 340p due to a strongly recovering UK mortgage market, Gordon said it implies little upside to current prices.BC
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9 Apr 2024 08:52

TOP NEWS: HSBC to take USD1 billion loss on sale of Argentina business

(Alliance News) - HSBC Holdings PLC on Tuesday said it will sell its business in Argentina to Grupo Financiero Galicia SA, which it called the largest private financial group in the South American country.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 08:37

HSBC takes $1 bln hit from Argentina sale as Asia pivot continues

Grupo Financiero Galicia to buy the business for $550 mln

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:05

HSBC to take $1bn hit from Argentina unit sale

(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.

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8 Apr 2024 19:45

West Virginia treasurer adds four finance firms to ESG blacklist

NEW YORK, April 8 (Reuters) - West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry.

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8 Apr 2024 07:00

HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

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5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

MADRID, April 5 (Reuters) - Spanish privately owned logistics group Berge has dropped plans to list shares in its automotive unit Astara as market conditions are not the most appropriate for a flotation, the company said late Thursday.

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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

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2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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