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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 706.40
Bid: 688.00
Ask: 710.00
Change: 0.00 (0.00%)
Spread: 22.00 (3.198%)
Open: 0.00
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Prev. Close: 706.40
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US STOCKS-Wall St little changed near record; banks slip

Wed, 12th Nov 2014 17:30

* Macy's climbs after earnings

* BB&T to buy Susquehanna Bancshares for $2.5 bln

* SeaWorld tumbles after earnings

* Indexes: Dow, S&P 500 off 0.04 pct, Nasdaq up 0.09 pct (Adds SeaWorld, updates prices)

By Chuck Mikolajczak

NEW YORK, Nov 12 (Reuters) - U.S. stocks were little changedon Wednesday, as investors saw little reason to push indexessignificantly higher a day after the Dow and S&P 500 closed atrecord highs for a fifth straight session.

Financial companies lost ground after global regulatorsfined five major banks - including UBS AG ,HSBC Holdings Plc and Citigroup Inc - $3.4billion for failing to stop their traders from trying tomanipulate the foreign exchange market.

Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8 percent to $53.39. JPMorgan Chase, which isalso facing a penalty, fell 1.4 percent to $60.49 as the biggestdrag on the S&P 500, while the S&P financial index lost0.3 percent.

Tuesday's S&P 500 record marked its 40th new closing high ofthe year, versus 45 in 2013. The last five-day streak of recordhighs was in May 2013, and the next longest was eight days inJune 1997. The Dow is on a 6-session winning run, its longestsince June.

The Dow Jones industrial average fell 7.46 points, or0.04 percent, to 17,607.44, the S&P 500 lost 0.91 points,or 0.04 percent, to 2,038.77 and the Nasdaq Composite added 4.41 points, or 0.09 percent, to 4,664.97.

"This is a pause. There hasn't been any horrible newspressing down the market," said Kim Forrest, senior equityresearch analyst at Fort Pitt Capital Group in Pittsburgh.

The S&P 500 has rallied more than 9 percent from a six-monthlow in October, buoyed by supportive economic data and corporateearnings. For the year so far, it is up more than 10 percent.

Thomson Reuters data through Wednesday morning showed thatof 453 companies in the S&P 500 reporting, 74.8 percent beatexpectations, well above the long-term and one-year averages.Earnings overall were expected to grow 10 percent over theyear-ago period.

Macy's Inc rose 4.6 percent to $61.26 after it postedthird-quarter earnings and revised its full-year outlook. Cisco Systems is scheduled to reportearnings after the close.

U.S. wholesale inventories rose more that expected inSeptember but the government revised downward initial estimatesfor August, which suggests little impact on current views ofthird-quarter economic growth.

SeaWorld Entertainment slumped 11.1 percent to$16.53, the biggest percentage decliner on the New York StockExchange, after quarterly earnings fell short of expectations.

Susquehanna Bancshares Inc surged 33 percent to$13.17 after the company agreed to be acquired by BB&T Corp for about $2.5 billion. BB&T shares lost 1.9 percent to$37.60. (Reporting by Chuck Mikolajczak; Editing by W Simon, JS Benkoeand Nick Zieminski)

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17 Apr 2024 16:42

Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong weighing on business prospects.

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17 Apr 2024 11:49

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China and Hong Kong weigh on their business prospects.

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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.

Read more
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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