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HSBC

HSBC

$47.18

0.585 (1.26%)

06:28
08/06/18
08/06
06:28
08/06/18
06:28

HSBC reports 1H adjusted profit before tax $12.1B vs. $12.4B last year

Reports 1H reported revenue $27.3B vs. $26.2B last year. CEO John Flint said, "In June this year, I announced eight strategic priorities for the bank between now and 2020. These have two aims - to get HSBC back to growth and to create value. We will seek to achieve these aims by increasing returns from the Group's areas of strength, particularly in Asia and across our network; turning around low-return businesses of high strategic importance, particularly in the United States; investing in building a bank for the future with the customer at its center; and making it easier for our colleagues to do their jobs. Our first-half performance both reflected these intentions and met our expectations. We grew reported and adjusted revenue in our four global businesses relative to the same period last year, creating the room to invest at the start of this strategy phase while remaining committed to achieving full-year positive adjusted jaws."

HSBC HSBC
$47.18

0.585 (1.26%)

07/11/18
07/11/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Myriad Genetics (MYGN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Steve Beuchaw saying the core HCT business is showing more durability, with volumes returning to growth and price declines slowing, while the acquisitions of Assurex and Counsyl are diversifying the company into higher growth and improving average selling price testing markets. 2. HSBC (HSBC) upgraded to Overweight from Neutral at JPMorgan with analyst Katherine Lei saying despite stable asset quality and an improving net interest margin outlook, HSBC's share price corrected 14% from the peak in January. 3. Conn's (CONN) upgraded to Buy from Hold at Stifel with analyst John Baugh saying he left a recent meeting with management feeling confident that the recent indications of improvement in the credit segment should continue. 4. TripAdvisor (TRIP) upgraded to Overweight from Equal Weight at Barclays with analyst Deepak Mathivanan saying the company's fundamentals "are starting to turn around." 5. Imperial Oil (IMO) upgraded to Equal Weight from Underweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/18
JPMS
07/11/18
UPGRADE
JPMS
Overweight
JPMorgan sees value in HSBC after pullback, upgrades to Overweight
JPMorgan analyst Katherine Lei last night upgraded HSBC to Overweight from Neutral and raised her price target for the shares to HKD 92 from HKD 88. Despite stable asset quality and an improving net interest margin outlook, HSBC's share price corrected 14% from the peak in January, Lei tells investors in a research note. The analyst sees value in the shares at current levels.
07/10/18
JPMS
07/10/18
UPGRADE
JPMS
Overweight
HSBC upgraded to Overweight from Neutral at JPMorgan
05/07/18
LYON
05/07/18
UPGRADE
LYON
Buy
HSBC upgraded to Buy from Outperform at CLSA

TODAY'S FREE FLY STORIES

AKS

AK Steel

$2.75

0.025 (0.92%)

, NUE

Nucor

$58.88

0.36 (0.62%)

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Recommendations
AK Steel, Nucor, Steel Dynamics, U.S. Steel analyst commentary  »

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AKS

AK Steel

$2.75

0.025 (0.92%)

NUE

Nucor

$58.88

0.36 (0.62%)

STLD

Steel Dynamics

$34.95

-0.16 (-0.46%)

X

U.S. Steel

$19.78

0.13 (0.66%)

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NICE

Nice Systems

$120.39

1.37 (1.15%)

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SYK

Stryker

$193.56

-0.43 (-0.22%)

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IDTI

Integrated Device

$48.21

-0.05 (-0.10%)

, SSNLF

Samsung

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Integrated Device

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Samsung

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NKE

Nike

$87.80

0.99 (1.14%)

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HNHPF

Hon Hai Precision

$0.00

(0.00%)

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Foxconn to establish global data center in Taiwan, DigiTimes reports »

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AQB

AquaBounty

$2.79

-0.06 (-2.11%)

06:35
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Syndicate
AquaBounty 3.345M share Secondary priced at $2.25 »

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DNR

Denbury Resources

$1.85

0.15 (8.82%)

, PVAC

Penn Virginia

$53.97

1.13 (2.14%)

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DNR

Denbury Resources

$1.85

0.15 (8.82%)

PVAC

Penn Virginia

$53.97

1.13 (2.14%)

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FLWS

1-800-Flowers.com

$17.95

-0.09 (-0.50%)

06:34
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06:34
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06:34
Upgrade
1-800-Flowers.com rating change  »

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TRPX

Therapix Biosciences

$4.55

0.02 (0.44%)

06:34
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Therapix Biosciences appoints Ambassador Ron Prosor as advisor »

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BVN

Buenaventura

$16.76

-0.38 (-2.22%)

06:33
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  • 01

    May

EBS

Emergent BioSolutions

$49.51

-0.43 (-0.86%)

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CTRE

CareTrust REIT

$23.38

-0.49 (-2.05%)

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CareTrust REIT increases quarterly dividend 9.8% to 22.5c per share »

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HNHPF

Hon Hai Precision

$0.00

(0.00%)

, AAPL

Apple

$188.03

1.83 (0.98%)

06:31
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Foxconn aims to finish Wisconsin LCD plant by end of 2020, Reuters says »

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HNHPF

Hon Hai Precision

$0.00

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AAPL

Apple

$188.03

1.83 (0.98%)

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GM

General Motors

$37.99

-0.095 (-0.25%)

, LYFT

Lyft

$0.00

(0.00%)

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GM

General Motors

$37.99

-0.095 (-0.25%)

LYFT

Lyft

$0.00

(0.00%)

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IMGN

ImmunoGen

$2.59

-0.07 (-2.63%)

, JAZZ

Jazz Pharmaceuticals

$134.45

-2.29 (-1.67%)

06:30
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Downgrade
ImmunoGen, Jazz Pharmaceuticals rating change  »

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IMGN

ImmunoGen

$2.59

-0.07 (-2.63%)

JAZZ

Jazz Pharmaceuticals

$134.45

-2.29 (-1.67%)

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  • 20

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SBUX

Starbucks

$70.84

0.17 (0.24%)

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  • 20

    Mar

DPZ

Domino's Pizza

$243.35

-0.895 (-0.37%)

, YUM

Yum! Brands

$100.25

-0.62 (-0.61%)

06:25
03/19/19
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06:25
Recommendations
Domino's Pizza, Yum! Brands analyst commentary  »

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DPZ

Domino's Pizza

$243.35

-0.895 (-0.37%)

YUM

Yum! Brands

$100.25

-0.62 (-0.61%)

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  • 24

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BCOR

Blucora

$28.33

-0.02 (-0.07%)

06:24
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Earnings
Blucora raises Q1 EPS view to $1.41-$1.49 from $1.19-$1.26, consensus $1.25 »

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CAR

Avis Budget

$35.15

0.32 (0.92%)

06:22
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Conference/Events
Avis Budget management to meet with Northcoast »

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  • 20

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FIS

FIS

$108.14

-0.73 (-0.67%)

06:22
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Downgrade
FIS rating change  »

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  • 19

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BLD

TopBuild

$63.98

0.17 (0.27%)

06:22
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  • 29

    Apr

F

Ford

$8.57

0.14 (1.66%)

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Ford to increase production rate for U.S. large SUVs, Reuters reports »

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  • 25

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ARQL

ArQule

$4.79

0.095 (2.03%)

06:20
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Conference/Events
ArQule management to meet with SVB Leerink »

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  • 19

    Mar

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DB

Deutsche Bank

$9.26

0.375 (4.22%)

06:19
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Periodicals
Deutsche Bank loaned over $2B to Trump over two decades, NYT reports »

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