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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 696.00
Bid: 697.60
Ask: 697.80
Change: 5.10 (0.74%)
Spread: 0.20 (0.029%)
Open: 693.60
High: 700.40
Low: 692.20
Prev. Close: 690.90
HSBA Live PriceLast checked at -

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Broker tips: RSA, Glencore, HSBC

Tue, 22nd Sep 2015 14:20

(ShareCast News) - Deutsche Bank cut its price target on RSA Insurance back to a "fundamental" 430p from 540p on news that Zurich Insurance has ended offer talks with the London-listed insurer.The broker said it's unlikely that any of the European composites will emerge as rival bidders and certainly not at 550p, while the bank's US analysts don't believe that there is interest from US insurers."In our view, therefore, that leaves only the Japanese or Chinese insurers, who could be interested in building their global scale, but who wouldn't derive any synergies." DB rates the stock at 'hold'.Until final demand from China and emerging market currencies find a bottom it will continue to be hard to set a floor for commodity prices, one of the world's largest brokers believed.Iron ore was set to do worst from current levels while copper prices were seen "hovering" around the top-end of the cost curve (220 US cents) until a deficit reappeared in the market, towards 2018, Credit Suisse said.Other base metals would not fare much better either, with the Swiss broker only anticipating a shallow recovery.As regards the main stocks in the sector, Glencore shares offered the potential for a 25% re-rating given the large valuation that has opened up following recent sharp falls in the stock price, the team of analysts led by Liam Fitzpatrick said in a research note e-mailed to clients.Nonetheless, Glencore had "suffered a complete loss of confidence from investors following the recent dividend cut and equity placing," the analysts added.HSBC is a bit of an underachiever when it comes to managing the 'micro' but stands to gain from a big macroeconomic tailwind as US interest rates rise, Goldman Sachs said.For that reason, the US broker believed the risk-reward profile for the lender's Hong Kong-listed shares was "favourable".So while its earnings per share estimates for HSBC came down - to reflect negatives such as lower currency rates in emerging markets and higher EM credit costs - Goldman emphasised the positive impact a rising Fed funds rate would have.Yet the key attraction is HSBC's strong capital position, Goldman said in a research note e-mailed to clients. -The broker reiterated its 'buy' recommendation on the Asia-listed shares (0005.HK) and added them to its Conviction List. The London-listed shares were kept at neutral and the target price trimmed 3% to 670p.The main risks for the investment case were,"underachievement on strategic plan, delayed US$ rate hike, higher minimum capital adequacy ratios," Goldman Sachs added.
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16 Apr 2024 17:09

Europe's STOXX 600 slides in broader market decline on geopolitical jitters

ECB policymakers stick with June rate cut plan

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11 Apr 2024 10:06

Blackstone, CVC consider bids for Superstruct festivals firm, sources say

LONDON, April 11 (Reuters) - Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.

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9 Apr 2024 22:39

Argentina's Banco Galicia bets on lower inflation, rates after HSBC deal

BUENOS AIRES, April 9 (Reuters) - Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal, is betting that new libertarian President Javier Milei will bring down soaring inflation and ease rates to boost lending in the South American nation.

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9 Apr 2024 15:40

Financial firms tout energy business after West Virginia restrictions

NEW YORK, April 8 (Reuters) - West Virginia has added Citi, HSBC and two other financial firms to a list of institutions that may be barred from some state business due to their energy finance policies, prompting three of them to assert their commitment to that industry.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 15:12

HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'

(Sharecast News) - Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.

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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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