HSBC Holdings plc Sponsored ADR (HSBC)
Dollar and gold rising together 'always a bad sign,' says HSBC analyst
However, the inverse relationship between the two "always reasserts itself" says James Steel, chief precious metals analyst at HSBC, with a soft dollar acting as a "real stabilizing force" for the gold market.
Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows
HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo showed on Tuesday.
Reports: HSBC Shuttering Cross-Border Payments App Zing
Just one year after its launch, HSBC's cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan.
HSBC kills off 'killer app' in boost for Wise, Revolut
HSBC Holdings PLC is reportedly set to pull the plug on what it hoped was a 'killer app' only a year after it was launched. According to a report by Financial News, the lender is said to be on the verge of informing staff, following what is said to have been a struggle with compliance functions.
HSBC's payments app closure puts around 400 jobs at risk, source says
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank.
HSBC Reportedly Weighing Sale of Australian Retail Banking Unit
HSBC is reportedly considering a sale of its Australian consumer banking operation. That's one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter.
Growth rates in India still very solid, says HSBC's Jose Rasco
Jose Rasco, HSBC Global Private Banking and Wealth Management Americas CIO, and Jim Paulsen, Paulsen Perspectives author, joins 'Closing Bell Overtime' to talk the day's market action.
Investor sentiment on Europe has never been so negative: HSBC Private Banking
Willem Sels, global chief investment officer of HSBC Global Private Banking and Wealth discusses his concerns on Europe and what the Euro-Dollar falling below parity would mean for markets.
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.
