3rd UPDATE: HSBC 1H Net Doubles To $6.76B On Lower Charges
2nd Aug 2010 11:15
(Adds detail.) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC), Europe's largest bank by market capitalization, said Monday that its net profit for the first half of the year doubled, as it sharply reduced impairment charges and
Read moreHSBC Chairman: Emerging Markets Priority Focus For Investment
2nd Aug 2010 11:08
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) Chairman Stephen Green said Monday emerging markets will remain the bank's priority for investments and the lender will continue to invest in mainland China. Green also told reporters he doesn't believe the U.K.-based but Asia-focused bank has too m
Read more2nd UPDATE: BNP Paribas 2Q Net Surges 31% On Retail Banking
2nd Aug 2010 10:59
(Adds detail and analyst comment.) By Elena Berton Of DOW JONES NEWSWIRES PARIS (Dow Jones)--BNP Paribas SA (BNP.FR), France's largest lender by market capitalization, Monday reported far better-than-expected second-quarter net profit, as strong retail operations and lower provisions mor
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:50
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0950 GMT [Dow Jones] HSBC Holdings (HBC) beat expectations on lower provisions for the first half of the year, says Citigr
Read moreMARKET TALK: HSBC Beats Expectations On Lower Provisions -Citi
2nd Aug 2010 10:50
0950 GMT [Dow Jones] HSBC Holdings (HBC) beat expectations on lower provisions for the first half of the year, says Citigroup. Adds investment banking also better-than-expected, driven by trading income and lower impairments. Pretax profit from Hong Kong also ahead of consensus. Keeps stock at hold
Read moreUPDATE: Corporate Credit Indexes Tighten As Earnings Support
2nd Aug 2010 10:43
By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spreads on European corporate credit default swap indexes were tighter Monday as economic data and second-quarter earnings reports from banks continued to support the positive momentum built last week. At around 0930 GMT, the Mar
Read more2nd UPDATE: HSBC 1H Net Doubles To $6.76B On Lower Charges
2nd Aug 2010 10:41
(Adds detail and analyst comment.) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC), Europe's largest bank by market capitalization, said Monday that its net profit for the first half of the year doubled on lower impairment charge
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:33
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0933 GMT [Dow Jones] Improved impairments on bad loans offsets slightly weaker revenue in HSBC Holdings' (HBC) 1H results,
Read moreMARKET TALK: HSBC Loan Losses Offset Weaker Revenue - Oriel
2nd Aug 2010 10:33
0933 GMT [Dow Jones] Improved impairments on bad loans offsets slightly weaker revenue in HSBC Holdings' (HBC) 1H results, says Oriel Securities. It says profit figures met consensus estimates, as drops in both trading income and net interest income were balanced against impairments' sharp fall to $
Read moreBEFORE THE BELL: US Stock Futures Rally On Strong Bank Earnings
2nd Aug 2010 10:28
By Polya Lesova U.S. stock futures rallied on Monday, buoyed by strong earnings reports from HSBC Holdings and BNP Paribas, as investors awaited manufacturing data and comments on the economy from the Federal Reserve chairman. Futures on the Dow Jones Industrial Average jumped 100 points to
Read moreOTP: Euro Medium-Term Note Program Unchanged For 2010
2nd Aug 2010 10:21
BUDAPEST (Dow Jones)--Hungary's largest bank OTP Bank Nyrt. (OTP.BU) said its EUR5 billion Euro medium-term note program will continue unchanged in 2010, in an annual stock-exchange filing Monday. Under the program, which was started in 2005, OTP may "from time to time" issue notes denominated i
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:17
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0917 GMT [Dow Jones] HSBC (HBC) shares +3.4% at 668p, shooting higher Monday following the company's 1H earnings, which sh
Read moreMARKET TALK: HSBC Shares Rise Post 1H Earnings
2nd Aug 2010 10:17
0917 GMT [Dow Jones] HSBC (HBC) shares +3.4% at 668p, shooting higher Monday following the company's 1H earnings, which show net profit doubled on lower impairment charges. "Today's numbers underline the overall strength of the bank, whilst the dramatic reduction in the loan impairment provision is
Read moreMARKET TALK: HSBC 1H Good, But Cost Increase A Concern - Execution
2nd Aug 2010 10:12
0912 GMT [Dow Jones] HSBC's (HBC) 1H results are positive, says Execution Noble analyst Joseph Dickerson, but the increase in costs should be taken with caution. Adds while investment banking profits are down, HSBC still did better than its peers in U.S. and Europe. Shares +3.2% at 667p. (patricia.k
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0912 GMT [Dow Jones] HSBC's (HBC) 1H results are positive, says Execution Noble analyst Joseph Dickerson, but the increase
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