HSBC

HSBC (NYSE: HSBC), Europe's largest bank in terms of assets, revealed a major reorganization decision that would decrease the total number of staff from 235,000 to around 200,000 in the next three years. This is a decrease of 15% in the workforce, and it is probably one of the deepest...

HSBC Holdings Plc (NYSE: HSBC) reported pre-tax earnings that missed analysts’ expectations on Tuesday. The bank also said that it plans to restructure over the next two years. What Happened HSBC reported its annual results for the 2019 year on Monday. The London-based international...

Hong Kong saw a market-wide drop on Wednesday as markets opened after the Lunar New Year holidays. What Happened Concerns over the spread of novel coronavirus continue as the official death toll rose to 132 by the end of Tuesday (Beijing Time), with 5,974 cases confirmed, as reported by China's...

Since the dawn of the 20th century, evolutions in communications technology have resulted in our financial systems becoming increasingly interconnected and interdependent. Early attempts at electronic fund transfers still relied on net settlement systems: Banks aggregated their balances with one...

Apple Inc., (NASDAQ: AAPL) may benefit from an iPhone upgrade push, according to one sell-side analyst, but another downgraded the stock Wednesday on concerns about the company’s move away from an iPhone focus toward services and streaming TV. The Analysts Bank of America Merrill Lynch’...

HSBC downgraded The Coca-Cola Co (NYSE: KO) Tuesday, citing questions about how a company trying to modernize and hedge against changing tastes will deal with a profit-splitting model with bottlers that’s a holdover from a different era. The Analyst HSBC’s Carlos Laboy downgraded...

Despite the apparel maker closing 2018 with strong second-quarter performance, Wall Street analysts are notably divided on Nike Inc (NYSE: NKE) this week.  While HSBC upgraded the stock from Hold to Buy rating this week and lifted its price target from $92 to $95, Baird went in the...

Constellation Brands, Inc. (NYSE: STZ) sunk nearly 30 percent in 2018, and although political and environmental threats persist, one analyst expects no further depreciation. The Analyst  HSBC analyst Carlos Laboy upgraded Constellation from Hold to Buy rating with a $206 price...

Does Apple Inc. (NASDAQ: AAPL) have a dependence problem? Analysts at HSBC say the iPhone maker's years of growth from hardware units is "broadly over." What Happened Apple's growth story over the years has com mostly from selling new hardware devices to new users but this is...

Las Vegas Sands Corp. (NYSE: LVS) got a bump Tuesday after one Wall Street analyst said it’s finally time to jump in and buy the stock. The Analyst HSBC analyst Charlene Liu upgraded Las Vegas Sands from Hold to Buy but lowered her price target from $71 to $69. The Thesis Macau is the hotter...

Not everyone is so bullish on Nike Inc (NYSE: NKE) following its first-quarter earnings beat. The Analyst HSBC's Erwan Rambourg downgraded Nike from Buy to Hold and maintained a $92 price target. The Thesis Even though Nike delivered results ahead of consensus expectations, management didn'...

Ferrari NV (NYSE: RACE) is zooming higher after an analyst upgrade. The Analyst HSBC's Giulio Pescatore upgraded Ferrari from Hold to Buy and raised his price target from 114 Euros to 133 Euros. The Thesis After initiating coverage in December 2017, Pescatore said he was "hesitant to...

Pre-open movers U.S. stock futures traded lower in early pre-market trade. The S&P Corelogic Case-Shiller home price index for March is schedule for release at 9:00 a.m. ET, while the Conference Board’s consumer confidence index for May will be released at 10:00 a.m. ET. The Dallas Fed...

2017 will go down as a turning point in Nike Inc (NYSE: NKE)'s history. After turning in the worst performance in the Dow in 2016, the stock has recovered this year, with shares up 17 percent. The sportswear giant is heading into 2018 with more focus on innovation, differentiated retail and...