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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: 705.00
Bid: 697.00
Ask: 722.00
Change: 0.00 (0.00%)
Spread: 25.00 (3.587%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

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Citigroup upgrades HSBC to 'buy'

Mon, 20th Jul 2015 10:10

(ShareCast News) - Citigroup upgraded HSBC to 'buy' from 'neutral' and lifted the price target to 635p from 625p, noting that the stock is trading close to the low end of its valuation range over the past five and 10 years."Reflecting the improvement to capital ratios from upcoming divestments and also recent stock price weakness, we raise HSBC to buy," it said.Citi said HSBC may have a chairman change in 2016 and that failure to improve return on equity or the stock price will increase pressure on CEO Stuart Gulliver, who took office in 2011 at the same time as current chairman Douglas Flint."A new chairman could serve as a catalyst for acceleration of restructuring," the bank said.It said the announced Brazil and Turkey divestments may add up to around 90 basis points to HSBC core capital, which was last reported at 11.2%.It also said that US interest rates are likely to start rising from September 2015 and HSBC will at last begin to benefit from its attractive deposit base."In a simplified model, a 1ppt interest rate increase adds almost 20% to 2014 underlying profits," it said.At 0920 BST, HSBC shares were up 0.9% at 585.60p.
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Saudi Arabia plans benchmark-sized three-tranche bond

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8 Jan 2024 09:24

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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

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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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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22 Dec 2023 16:28

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

MILAN, Dec 22 (Reuters) - A group of investors holding around 10% of Rai Way's MI> capital has asked for the board of the state-owned Italian TV towers group to provide an update on a long-mooted combination with rival EI Towers to create a national champion, sources said on Friday.

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22 Dec 2023 10:59

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

SEOUL, Dec 22 (Reuters) - South Korea's financial regulator said on Friday that it would fine two unnamed global investment banks and one local brokerage a record 26.5 billion won ($20.41 million) in total for naked short selling.

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22 Dec 2023 09:01

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

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

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22 Dec 2023 07:50

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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22 Dec 2023 07:02

Canada govt approves $13bn sale of HSBC local unit to RBC

(Sharecast News) - The Canadian government has approved the $13.5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.

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22 Dec 2023 06:32

HSBC eyes special payout as Canada OKs USD10 billion unit sale to RBC

(Alliance News) - HSBC Holdings PLC on Friday said the sale of its business in Canada to Royal Bank of Canada has received approval from the Canadian minister of finance, enabling the deal to proceed.

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22 Dec 2023 01:34

Canada approves RBC's deal for HSBC Canada, with conditions

Dec 21 (Reuters) -

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