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HSBC Holdings Buys Back About 7.3 Million Shares
HSBC Downgrades Trane Technologies to Hold, Announces $405 Price Target
Delos Insurance Solutions Secures Further $9m Funding
HSBC Bank PLC: Pre Stabilisation Notice
Citi: Maintain stanchart 'shareholding' rating, raising outlook guidance as the main highlight.
JPMorgan issued a research report stating that it maintains a 'shareholding' rating on Standard Chartered (02888), but believes HSBC Holdings (00005) has a clearer visibility on next year's earnings. The bank expects the market to raise its earnings per share forecast for Standard Chartered by mid-single digits this year. The report mentioned that in the third quarter, Standard Chartered's income, costs, and asset quality all exceeded expectations, with the guidance upgrade being the biggest highlight. Its pre-tax profit in the third quarter exceeded market expectations by 16%, driven by revenue higher than expected by 4%, and operating costs and impairments lower than expected by 2% and 25% respectively. Standard Chartered also raised its revenue growth guidance for this year from over 7% to a trend.
Express News | TE Connectivity Ltd : HSBC Cuts to Reduce From Hold
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