HSBC stock hits a five-year high. Read on to know whether this is the right time to buy it as the bank continues with the Asia pivot plan and simplifies business.
HSBC's stock (NYSE: HSBC) has gained 32% YTD as compared to the 27% rise in the S&P500 index over the same period. This compares to Barclay's stock which has gained almost 70% over the same period.
Jose Rasco, HSBC Private Bank Americas chief investment strategist and Steve Sosnick, Interactive Brokers Chief Strategist, join 'Closing Bell Overtime' to talk the day's market action.
As part of its strategy to focus on profitable operations, HSBC announces a deal to divest its French life insurance business.
Relatively lower interest rates and business restructuring initiatives are likely to support Zacks Foreign Banks Industry stocks like HSBC Holdings and UBS Group amid uneven economic growth globally.
HSBC Chairman Mark Tucker will lead the British government's most important business delegation to China since 2018 next month, sources told Reuters, as Chancellor Rachel Reeves seeks to attract greater Chinese investment into Britain.
HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.
Willem Sels, global chief investment office at HSBC Global Private Banking and Wealth, talks about the U.S. economy, AI and market opportunities.
HSBC on Tuesday appointed insider John Shipman as interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, effective Jan. 1, 2025.
ASIC sues HSBC Australia for failing to protect its customers from fraudulent activities and seeks penalties and measures to prevent future misconduct.
HSBC considers streamlining its retail banking business in Mexico amid cost mitigation efforts and a shift in focus toward wealth management operation.
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments.