|Bid||0.00 x 4000|
|Ask||0.00 x 4000|
|Day's Range||41.51 - 41.82|
|52 Week Range||38.23 - 49.64|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||12.12|
|Forward Dividend & Yield||4.20 (9.64%)|
|1y Target Est||45.52|
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.
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 ...
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 ...
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.
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.
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Big global banks in trouble again, with the expected conclusion of investigation by EU regulators, in the coming weeks, alleging the financial firms for rigging prices in the foreign exchange market.
Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge.
Moody´s de México ("Moody's") assigned Baa1 and Aa1.mx long-term global and Mexican National Scale local currency senior unsecured debt ratings to HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's (HSBC México) proposed issuance of Certificados Bursátiles Bancarios (HSBC 19). In addition, Moody´s assigned Baa1 and Aa1.mx long-term global and Mexican National Scale foreign currency senior unsecured debt ratings to HSBC México's proposed issuance of Certificados Bursátiles Bancarios (HSBC 19D).
HSBC Bank USA, N.A., (HSBC), part of HSBC Group, one of the world’s largest banking and financial services organizations, today announced the launch of the Small Business Spotlight Series— a multi-part campaign profiling the bank’s Retail Business Banking customers, including how these small businesses are driving local economies. Since its inception, and with help from HSBC, Natassa has grown her business into a celebrated neighborhood hot spot. It’s our goal to help them achieve their ambitions in a financially responsible way,” says Shaun McDougall, Head of Retail Business Banking at HSBC.
The FTSE 100 ended 0.4 percent higher, following three sessions of decline, and the FTSE 250 overturned earlier losses to close up 0.1 percent. HSBC was the biggest support to the main bourse, rising 2 percent to its highest level in over eight months as its profit surpassed analysts' expectations thanks to a surge in income from its core Asian business. Miners snapped a seven-day losing streak with a 1.1 percent jump as metal prices picked up with China and the United States set to resume trade talks next week.
Our call of the day, from Byron Lotter, portfolio manager at South African-based Vestact Asset Management, says news that Berkshire is buying shares of Amazon is a wake-up call for investors who think the company is out of their reach.