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HSBC

HSBC

$38.52

-0.43 (-1.10%)

12:40
09/11/19
09/11
12:40
09/11/19
12:40

HSBC eyes sale of French retail bank, WSJ reports

HSBC is looking to sell its French retail bank, preparing to put the unit on the block in one of its first strategic actions under interim CEO Noel Quinn, the Wall Street Journal's Margot Patrick reports, citing people familiar with the matter. The possible disposal of the money-losing French business is part of a longer-term plan to shed businesses where the company lacks scale or strategic need, Patrick notes. The likeliest suitor for the unit would be a French bank looking to add market share, Patrick says, citing a person familiar with the planned disposal. Reference Link

  • 27

    Oct

HSBC HSBC
$38.52

-0.43 (-1.10%)

06/21/19
MSCO
06/21/19
DOWNGRADE
MSCO
Equal Weight
HSBC downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Magdalena Stoklosa downgraded HSBC to Equal Weight from Overweight and cut her price target to 690p from 740p.
06/21/19
MSCO
06/21/19
DOWNGRADE
MSCO
Equal Weight
HSBC cut to Equal Weight on rate and virtual bank pressures at Morgan Stanley
As previously reported, Morgan Stanley analysts led by Anil Agarwal and Magdalena Stoklosa downgraded HSBC to Equal Weight from Overweight and cut the price target on the London-listed shares to 690p from 740p. A recent pickup in HIBOR rates should help Q2 NIMs expand meaningfully for Hong Kong banks and elevated HIBOR levels could also translate into strong NIMs in Q3, unless HIBOR retraces quickly, the team said. However, they assume two Fed rate cuts by end-2020 and think lower NIMs due to lower Fed rates, as well as the launch of virtual banks, will hurt profitability, Agarwal and Stoklosa told investors in a research note on the Hong Kong financial group. The HKMA has licensed eight virtual banks, and these, particularly the ones backed by Chinese technology players, "are likely to compete fiercely," the analysts added.
07/24/19
JEFF
07/24/19
DOWNGRADE
JEFF
Hold
HSBC downgraded to Hold from Buy at Jefferies
Jefferies analyst Joseph Dickerson downgraded HSBC to Hold from Buy and lowered his price target for the shares to 6.91 pounds from 8.50 pounds. The bank needs a "new narrative" as recent short-term interest rate rises have not translated into margin improvements, Dickerson tells investors in a research note.
08/06/19
FBCO
08/06/19
NO CHANGE
Target $680
FBCO
Neutral
HSBC price target raised to $680 from $670 at Credit Suisse
Credit Suisse analyst Jon Peace raised his for HSBC to $680 from $670 following quarterly results. While the analyst notes that Q2 results were a little ahead of expectations on key P&L lines, a more cautious outlook relating to rates and U.S. profitability leads him to leave his forecasts largely unchanged. Peace reiterates a Neutral rating on the shares.

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TBIO

Translate Bio

$11.01

0.405 (3.82%)

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SWK

Stanley Black & Decker

$144.45

0.73 (0.51%)

21:05
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LEN

Lennar

$53.10

-0.23 (-0.43%)

21:02
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WHR

Whirlpool

$152.15

3.4 (2.29%)

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  • 23

    Oct

TELL

Tellurian

$8.33

-0.1 (-1.19%)

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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

20:41
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LINX

Linx S.A.

$7.74

0.22 (2.93%)

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20:25
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Conference/Events
Morgan Stanley steel analyst to hold an analyst/industry conference call »

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GIS

General Mills

$55.03

0.48 (0.88%)

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  • 18

    Sep

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  • 01

    Oct

ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

20:10
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  • 13

    Nov

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    Sep

NVST

Envista

$0.00

(0.00%)

19:58
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Envista 26.77M share IPO priced at $22.00 »

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  • 17

    Sep

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    Sep

INVH

Invitation Homes

$28.49

0.31 (1.10%)

19:51
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Syndicate
Invitation Homes 44M share Spot Secondary priced at $28.25 »

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  • 18

    Sep

AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

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AMC Entertainment corrects 'inaccurate' statement by National CineMedia »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

NCMI

National CineMedia

$8.35

0.25 (3.09%)

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  • 09

    Oct

BA

Boeing

$384.61

5.74 (1.52%)

19:01
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House panel invites Boeing CEO to testify on 737 MAX »

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  • 02

    Oct

O

Realty Income

$75.76

1.81 (2.45%)

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, CDW

CDW

$113.91

0.94 (0.83%)

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$1.90

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CDW

CDW

$113.91

0.94 (0.83%)

TELL

Tellurian

$8.33

-0.1 (-1.19%)

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

FDX

FedEx

$173.53

-0.14 (-0.08%)

XPO

XPO Logistics

$73.83

-0.76 (-1.02%)

CHWY

Chewy

$30.20

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ADBE

Adobe

$284.59

1.54 (0.54%)

IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

PTCT

PTC Therapeutics

$43.26

0.27 (0.63%)

TBIO

Translate Bio

$11.01

0.405 (3.82%)

ACAD

Acadia

$42.60

-1.45 (-3.29%)

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  • 17

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    Sep

YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

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Yuma Energy enters forbearance agreement with lender YE Investment »

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ADBE

Adobe

$284.59

1.54 (0.54%)

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Adobe CEO: We experienced growth across all of our segments »

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  • 17

    Sep

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  • 27

    Oct

ARAY

Accuray

$3.09

-0.03 (-0.96%)

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

18:29
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FB Financial acquires FNB Financial »

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  • 23

    Sep

  • 13

    Nov

GM

General Motors

$38.28

1.07 (2.88%)

18:28
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18:28
Periodicals
GM stops paying health insurance costs for union workers on strike, Reuters says »

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