|Bid||658.60 x 200000|
|Ask||658.80 x 372700|
|Day's Range||654.50 - 661.10|
|52 Week Range||596.40 - 739.10|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||9.56|
|Earnings Date||Aug 5, 2019|
|Forward Dividend & Yield||0.64 (9.55%)|
|1y Target Est||9.20|
Global consumer lender Home Credit Group has appointed Citigroup, HSBC Holdings and Morgan Stanley to lead its upcoming Hong Kong initial public offering (IPO) of at least $1 billion, three people with direct knowledge of the matter said. One person said Home Credit plans to file with the Hong Kong stock exchange as early as next month and list in September or October. Home Credit, Citi, HSBC and Morgan Stanley declined to comment.
To find some ideas, we decided to ride on the coattails of the Morningstar Global ex-US Moat Focus Index. Morningstar ranks the wide- and narrow-moat stocks in the broad index by lowest price/fair value to find the 50 cheapest wide- and narrow-moat stocks. Switzerland's ABB is a global supplier of power and automation products. Its power grids and robotics and motion divisions are better positioned now to capture share in their respective markets than they have been in recent years, suggests Morningstar director Denise Molina.
The FTSE 100 was up 0.3%, while the FTSE 250 rose 0.5%, with builder Galliford Try leading gains after announcing job cuts. After weeks of waiting for significant updates on Brexit, investors welcomed a "new deal" for Britain's departure from the European Union set out by Prime Minister Theresa May, which offered the prospect of a possible second referendum on the agreement.
LONDON, UK / ACCESSWIRE / May 21, 2019 / HSBC (NYSE: HSBC) (contact: 'synd manager'; telephone: +44 207 992 8066) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named ...
Tesco’s banking arm became the highest-profile casualty of a price war in the UK’s mortgage market on Tuesday, announcing it would pull out of the market entirely as one of its biggest rivals predicted pressures would continue. Tesco Bank blamed “challenging market conditions” for its decision to stop offering new home loans and start exploring a sale of its existing £3.7bn loan book. Intense competition — driven particularly by HSBC’s recent efforts to take market share — has pushed down mortgage rates for customers even as lenders’ funding costs have started to rise.
HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest economy. Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West. In recent years the London-based bank has spent $3 billion (2 billion pounds) annually on its group technology operations which employ 40,000 people worldwide, and West said annual investments of $3-$3.5 billion are planned over the next few years.
HSBC Global Asset Management, the investment management business of the bank, said on Friday Chief Investment Officer Chris Cheetham would retire after spending 16 years at the company. HSBC said Cheetham's ...
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.
By Muvija M and Yadarisa Shabong (Reuters) - Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry (BRBY.L) and Thomas Cook (TCG.L) was floored ...
EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan , MUFG and Royal Bank of Scotland a total of 1.07 billion euros for rigging the spot foreign exchange market for 11 currencies. Swiss ...
BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc have been brought on as joint bookrunners for the planned Hong Kong IPO, according to the people, who asked not to be identified because the information is private. AB InBev is targeting a July listing for the business in a deal that could raise at least $5 billion, Bloomberg News reported last week.
Britain's biggest domestic lender Lloyds Banking Group said on Thursday it would pay dividends quarterly from the first quarter of 2020, in a move aimed at distributing income to its 2.4 million shareholders more regularly and efficiently. The new approach will see the lender adopt three equal interim ordinary dividend payments for first three quarters of year followed by, subject to performance, a larger final dividend in the fourth quarter, the bank said in a statement. Lloyds is one of Britain's biggest dividend payers and distributed around 4 billion pounds to investors in 2018.
The FTSE 100 advanced 0.8% and outperformed its European peers. The FTSE 250 was roughly flat. Markets were initially upbeat after U.S. President Donald Trump said talks between Beijing and Washington had not collapsed, terming the Sino-U.S. conflict as "a little squabble".
Chinese retail sales grew at their slowest pace in nearly 16 years in April and industrial output came in short of estimates, with analysts warning stimulus measures that had boosted the economy were tapering off just as trade tensions with the US were reignited.
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said. The U.S. investment bank bought $100 million (77.23 million pounds) of TIBC debt from Germany's Commerzbank at the end of last year, two of the sources said, reflecting Goldman's increased interest in Saudi Arabia. Although it snubbed a Saudi investment conference last year following the disappearance of journalist Jamal Khashoggi, Goldman Sachs has since won a slew of mandates in the kingdom, including a lead role in Saudi Aramco's debut international bond.
Noor Bank is working with Barclays Plc on the deal, the people said, asking not to be identified because the discussions are private. An acquisition would create a lender with 278 billion dirhams ($76 billion) in assets. Dubai Islamic Bank can see “a lot of synergies with an acquisition of Noor,” Chief Executive Officer Adnan Chilwan said last month after Bloomberg reported that the companies had held initial talks.
The S&P 500 dropped the most in four months, the Dow Jones Industrial Average slumped more than 600 points and the Nasdaq Composite saw the biggest decline of the year after China targeted some of the nation’s biggest exporters. Both Boeing and Caterpillar Inc. fell fell nearly 5%, while Apple Inc. lost 5.8%. Shares briefly came off lows during Monday’s session after President Donald Trump indicated he’ll speak with China’s Xi Jinping at the end of June during the G-20 summit and said he hasn’t yet decided about fresh tariffs on the remaining $300 billion in Chinese imports.
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of HSBC Bank (China) Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Germany exported €118.3bn of goods and imported €95.6bn in March, putting its foreign trade balance at a seasonally adjusted €20bn for the month, Destatis said. Germany’s resilience reflects a wider outperformance across the eurozone. Analysts said the improved exports performance would help to buoy Germany’s first-quarter economic growth data, which will be published next week.
May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22 points higher at 7,229 on Friday, according to financial bookmakers. * BARCLAYS, RBS, HSBC: Barclays, HSBC, and Royal Bank of Scotland ...