Information Provided By:
Fly News Breaks for August 6, 2019
Aug 6, 2019 | 08:29 EDT
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.