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HSBC

HSBC

$49.37

0.55 (1.13%)

06:11
12/11/17
12/11
06:11
12/11/17
06:11

U.S. DOJ to dismiss deferred criminal charges against HSBC, FT reports

The U.S. Department of Justice will file a motion with U.S. District Court for the Eastern District of New York looking to dismiss the deferred criminal charges against HSBC, which were put in place as part of a 2012 settlement agreement following the bank's money laundering and sanction breaches, the Financial Times reports, citing the bank. The dismissal of the deferred prosecution agreement, which allowed the DoJ to reopen the criminal case if the bank made any similar breaches, comes as HSBC's new management seeks to move away from its past misconduct. Reference Link

HSBC HSBC
$49.37

0.55 (1.13%)

10/10/17
10/10/17
DOWNGRADE

Underperform
HSBC downgraded to Underperform at Credit Suisse
As previously reported, Credit Suisse analyst Sanjay Jain downgraded HSBC to Underperform from Neutral on valuation. The analyst notes that market revenues have been affected by volatility, and capital return may take longer.
10/10/17
10/10/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HSBC (HSBC) downgraded to Underperform from Neutral at Credit Suisse with analyst Sanjay Jain citing valuation. 2. Jabil Circuit (JBL) downgraded to Sell from Neutral at Goldman Sachs with analyst Mark Delaney saying street expectations, which assume Jabil's earnings grow double digits year-over-year for both of the next two years, are overly optimistic. 3. Carlyle Group (CG) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 60% year-to-date. 4. Eli Lilly (LLY) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan saying the valuation looks full with the shares up 13% since mid-August. 5. Ralph Lauren (RL) downgraded to Sell from Hold at Miller Tabak. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/17
MACQ
11/29/17
INITIATION
MACQ
Outperform
HSBC initiated with an Outperform at Macquarie
11/29/17
MACQ
11/29/17
NO CHANGE
MACQ
Macquarie upgrades Barclays to Neutral, starts HSBC at Outperform
In a research note on the sector titled "Upside Delayed," Macquarie analyst Robert Sage argues that banking activities in the United Kingdom are facing macro challenges. After restructurings, cost cuts and re-sizing capital bases, the European banking sector "now faces economic headwinds from Brexit," Sage writes after taking over coverage of the space. The analyst upgraded Barclays (BCS) to Neutral from Underperform with a price target of 182p. He believes the shares are trading on low valuation multiples. Sage initiated coverage of HSBC (HSBC) with an Outperform rating and price target of 846p. The analyst says the bank combines an "attractive mixture" of growth, income and improving profitability. Sage downgraded Lloyds Banking (LYG) to Underperform from Neutral with a reduced price target of 57p. The shares trade at relatively high multiples, Sage writes. The analyst also downgraded RBS (RBS) to Neutral from Outperform with a price target of 269p and initiated Standard Chartered (SCBFF) with a Neutral rating and 726p price target.

TODAY'S FREE FLY STORIES

FNWB

First Northwest Bancorp

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FCX

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XLE

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-0.24 (-0.32%)

, XLU

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XLE

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XLU

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$52.28

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IYR

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XLP

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XLY

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XLB

S&P Select Materials SPDR

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XLF

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XLV

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XLK

Technology Select Sector SPDR

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XLI

Industrial Select Sector SPDR

$74.44

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GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

SLV

iShares Silver Trust

$14.59

0.18 (1.25%)

USO

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$14.15

0.025 (0.18%)

UNG

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HYG

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$85.62

0.03 (0.04%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.27

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TLT

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-1.46 (-1.19%)

IEF

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$102.21

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SHY

iShares 1-3 Year Treasury Bond

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IWD

iShares Russell 1000 Value

$123.07

-0.2897 (-0.23%)

IWF

iShares Russell 1000 Growth

$149.41

-0.04 (-0.03%)

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

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XRX

Xerox

$25.10

-0.095 (-0.38%)

FUJIY

Fujifilm

$0.00

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03/08/13
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  • 26

    Jul

STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

17:15
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Hot Stocks
Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
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17:11
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17:11
Downgrade
Telefonica rating change at Goldman Sachs »

Telefonica downgraded to…

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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General news
Weekly CFTC Commitment of Traders highlights »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

03/08/13
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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
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Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
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Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
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Hot Stocks
Breaking Hot Stocks news story on ReShape Lifesciences  »

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
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Initiation
Box initiated at First Analysis »

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
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Breaking Syndicate news story on Aldeyra »

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

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RVI

Retail Value

$34.56

0.2 (0.58%)

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

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Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

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LECO

Lincoln Electric

$92.26

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ROK

Rockwell Automation

$171.32

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  • 23

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  • 25

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KMX

CarMax

$77.15

-0.57 (-0.73%)

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CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

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Lowe's names Joseph McFarland as EVP of stores »

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16:30
07/20/18
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Options
Preliminary option volume of 20.2M today »

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PFE

Pfizer

$37.33

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  • 22

    Aug

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JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

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J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

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Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
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Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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DIS

Disney

16:15
07/20/18
07/20
16:15
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16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

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  • 07

    Aug

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