HSBC Holdings plc Sponsored ADR (HSBC)
HSBC hikes as mortgage rates back on the rise
Mortgage rates continued to edge higher this week as HSBC Holdings PLC was among those to hike as lenders grappled with rising swap rates. Though sluggish economic data and news of subsiding inflation in December in recent days has paved the way for a February rate cut, banks already faced growing borrowing costs in line with a surge in government debt yields before this week's figures.
Assessing HSBC's Skepticism: An Unjustified Downgrade; Reiterate Strong Buy On Advanced Micro Devices
AMD offers less competitive AI GPU than Nvidia is not new news. This explains the 20% valuation discount of AMD to Nvidia. AMD could deliver 30% earnings growth pa assuming market share stays the same, as CEO Lisa Su projects demand for datacenter GPU to grow 60% pa to $500bn by 2028. AMD's PEG is well below 1 in 2025-27E, suggesting AMD is being undervalued rather than overvalued.
What's New With HSBC Stock?
HSBC's stock (NYSE: HSBC) fared well over the last year, rising by about 33% since the start of 2024, versus a gain of about 22% on the S&P 500. This compares to rival Barclays (NYSE: BCS) stock which has gained almost 76% over the same period and JP Morgan (NYSE: JPM) which remains up by about 50% over the same period.
HSBC analyst raises Amazon stock price citing AI growth potential and strong profitability
Amazon (NASDAQ: AMZN) has received a significant vote of confidence from HSBC, as analyst Christopher Johnen raised the company's price target to $270, up from $225, while maintaining a “Buy” rating.
Best Momentum Stocks to Buy for January 10th
HSBC, UAL and SCHW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 10, 2024.
HSBC's First Direct cuts but mortgage rates start to accelerate again
HSBC Holdings PLC (LSE:HSBA)'s First Direct was among the latest lenders to cut mortgage rates this week, albeit before a renewed uptick in costs in recent days. First Direct on Tuesday signalled cuts of up to 0.3% across fixed-rate deals, bringing interest on its five-year 90% loan-to-value down to 4.74%, for instance.
HSBC analyst revises AMD stock price amid ‘less competitive' AI chip roadmap
At the time, the market was anticipating Advanced Micro Devices (NASDAQ: AMD) would mount a challenge against Nvidia (NASDAQ: NVDA) in artificial intelligence (AI) chips; an analyst is now cautioning that the firm might not have a competitive edge in the sector.
HSBC names Lisa McGeough as US CEO
HSBC Holdings said on Monday it has named Lisa McGeough as president and chief executive of its U.S. operations.
HSBC to cut prices as mortgage rates fall into new year
HSBC Holdings PLC (LSE:HSBA) has signalled a string of mortgage rate reductions to kick off the new year, in line with a wider drop across the market in recent days. The lender on Friday said rates across its residential and buy-to-let deals would be reduced from Monday, including on two, three, five- and 10-year fixed products.
HSBC Private Bank: bullish on stocks; global economy to stay resilient in 2025
James Cheo, CIO of HSBC Global Private Banking & Wealth believes that stocks will continue their upward momentum in 2025. He predicts S&P 500 earnings growth of around 10%, driven by sectors like financials, healthcare and industrials.
HSBC Shares Soar to 5-Year High: Is Now the Perfect Time to Buy?
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.
What's Happening With HSBC Stock
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.
