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Financials Stocks In News: HSBC Holdings (NYSE:HSBC), Citigroup (NYSE:C), National Bank of Greece (NYSE:NBG), JPMorgan Chase & Co. (NYSE:JPM)
HSBC Holdings Plc (ADR) (NYSE:HSBC) in cooperation with Markit Economics may report tomorrow that the preliminary reading of Chinese manufacturing Purchasing Managers’ Index (PMI) remained unchanged at 49.5 in February, according to the median estimate of experts. Shares of HSBC Holdings plc (ADR) (NYSE:HSBC) closed at $54.43 in last trading session. Yesterday share price of…
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Hot Stocks: Citigroup Inc (NYSE:C), UBS AG (NYSE:UBS), HSBC Holdings plc (ADR) (NYSE:HSBC), National Bank of Greece (ADR) (NYSE:NBG)
Citigroup Inc (NYSE:C)’s Move Puts Park Avenue on Edge. More than 50 years ago, Citibank moved from 55 Wall St. to a gleaming new office tower at 399 Park Ave. in the first wave of a migration of banks and securities firms from downtown to Midtown. Citigroup Inc (NYSE:C) price to sales ratio in past…
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Financial Sector News Roundup: HSBC (HBC) Net Profit Hikes while Berkshire Hathaway (BRK.A, BRK.B) Stock Soars after Earnings
HSBC Holdings plc (ADR) (NYSE:HBC) on Monday reported a 23 percent boost in net profit for the primary half of the year, as 3 year cost-cutting program bears fruit and loan impairments tumbled. United Kingdom based financial giant reported net profit for the first half was $10.28 billion, evaluated against $8.44 billion in the first…
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HSBC Holdings plc (ADR) (NYSE:HBC) Expect To Announce More Layoffs, Report
HSBC Holdings plc (ADR) (NYSE:HBC) anticipated to declare more job elimination on Wednesday at what time investors will be told that CEO Stuart Gulliver will set in motion ahead with plans to make a leaner, further streamlined bank, U.K. daily The Independent announced on its website Sunday with no quoting specific sources. The firm has…
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HSBC (HKG:HK 5) HSBC Gets Pinched for Money Laundering Fine
Worried that criminal charges might jeopardize one of the world’s largest banks and destabilize the global financial system USauthorities decided not to indict HSBC in a money-laundering case. Instead, HSBC (HKG:HK 5) announced on Tuesday that it had agreed to a record $1.92 billion settlement with authorities. HSBC faced accusations that it transferred billions of…