UBS downgrades HSBC to 'neutral' from 'sell'
14th Sep 2016 09:27
(ShareCast News) - UBS downgraded HSBC to 'neutral' from 'sell' but nudged up the price target to 540p from 535p, with modest capital downside offset by dividend yield. The bank noted HSBC's share price is up 17% in sterling since early August, adding $25bn to its market cap and prompting investor i
Read moreCiti downgrades HSBC to neutral following outperformance
13th Sep 2016 14:40
(ShareCast News) - Analysts at Citi downgraded their view on shares of HSBC given the resilience in the lender's share price despite recent earnings downgrades from the analyst consensus. Year-to-date analysts had cut their forecasts for HSBC's earnings in 2017 and 2018 by approximately 30%, whereas
Read moreThursday newspaper round-up: Sports Direct, Coutts, HSBC
8th Sep 2016 07:21
(ShareCast News) - US billionaire John Malone's Liberty Media has agreed to take control of Formula One in a deal valuing the sport at $8bn. The two-part manoeuvre will initially see the US media group buy 18.7 per cent of F1 parent company Delta Topco for $746m in cash from a consortium of sharehol
Read moreTuesday newspaper share tips: Lloyds, Aldermore, Hunting
6th Sep 2016 13:25
(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa
Read moreBarclays downgrades Standard Chartered on valuation
6th Sep 2016 09:42
(ShareCast News) - Barclays downgraded Standard Chartered to 'underweight' from 'equalweight' as it said the stock's valuation is overshooting its earnings power, but lifted the price target to 520p from 500p. Barclays said management actions have stabilised the business with revenues appearing to h
Read moreBanks made to share 'open banking' data, cap overdraft fees, and more
9th Aug 2016 09:04
(ShareCast News) - High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the
Read moreBarclays rallies on Exane upgrade
8th Aug 2016 08:43
(ShareCast News) - Barclays got a boost on Monday after Exane BNP Paribas upgraded the stock to 'outperform' from 'neutral' as it took a look at UK banks. Exane pointed out that having been cautious on the stock for two years, it "made the mistake" of upgrading the recommendation shortly before the
Read moreMonday newspaper round-up: Lloyds, new post-Brexit data, banks
8th Aug 2016 06:59
(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo
Read moreHSBC passes on BoE base rate cut to customers
5th Aug 2016 12:02
(ShareCast News) - After the Bank of England lowered the base rate to 0.25% from 0.50%, HSBC said on Friday it will pass on the rate cut to its tracker and variable mortgage rate customers. Tracker mortgage customers will have their rates fall to 0.25% from 0.50% and standard variable rate mortgage
Read moreThursday newspaper share tips: HSBC, StanChart
4th Aug 2016 10:37
(ShareCast News) - There are two clear options for British investors wanting to partake of the fruits of Asian economic growth and The Times's Tempus was very clear about which one was the likely winner. HSBC and Standard Chartered both have major operations in the Far East, the tipster said, eve
Read moreHSBC pledges $2.5bn share buyback as interim profits plunge
3rd Aug 2016 07:15
(ShareCast News) - Amid continuing turbulent economic conditions, HSBC Holdings' profits plunged in the second quarter to push interim result south of market expectations, though the bank sweetened the pill with news of a $2.5bn (£1.8bn) share buyback thanks to the sale of its Brazilian business. In
Read moreTuesday broker round-up
2nd Aug 2016 10:58
(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read moreBank solvency in jeopardy if recession hits post Brexit
28th Jul 2016 16:17
(ShareCast News) - Britain's banking system will face a capital shortfall of £68bn if the UK hits a recession after it leaves the EU, according to Moody's. The ratings agency has carried out its annual stress test across British high street banks to see whether they have enough capital to withstand
Read moreHSBC forex exec reportedly arrested in New York
20th Jul 2016 14:44
(ShareCast News) - A foreign exchange executive at HSBC has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, head of foreign exchange cash trading Mark Johnson has become the first person to be charged in the Just
Read moreCapita bumps up forecast for 2016 dividends, mid-caps to take Brexit hit
18th Jul 2016 12:28
(ShareCast News) - The fall in sterling following Brexit would deliver an immediate boost to the value of companies' dividend payments but potential recessionary pressures would hit profits and dividends from UK-focused mid-caps hardest, Capita said in its second quarter 2016 Dividend Monitor. De
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