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Goldman Sachs: Maintains a 'buy' rating on HSBC Holdings, organizational restructuring to reduce costs.
Goldman Sachs released research reports stating that it maintains a target price of HK$82 for HSBC Holdings (00005) and keeps the rating as 'buy'. It is reported that HSBC Holdings announced a new organizational structure and appointed a new CFO on October 21, the group will be divided into four main businesses, effective from January 1 next year. Goldman Sachs believes that the changes in the company's structure should have three reasons: first, to simplify the management focus of the local markets in China Hong Kong and the United Kingdom, and emphasize the advantages in international banking operations, especially in trading banks and wealth management; second, to save costs by cutting duplicated job positions or low-productivity departments; third, to guide future investments or capital returns.
Daiwa: Lowered the target price of hsbc holdings to HK$76.8. Prefer stanchart.
Morgan Stanley released a research report stating that the target price of HSBC Holdings (00005) has been lowered from HK$78.4 to HK$76.8, with a 'shareholding' rating. HSBC, Standard Chartered (02888), and Bank of China Hong Kong (02388) will announce their performance in October and November respectively. Key factors will include the outlook for the 2025 fiscal year's net interest margin (NIM) and Standard Chartered's future capital return plans. Morgan Stanley also mentioned a preference for international banks over local banks. Overall, Standard Chartered is currently Morgan Stanley's top choice. The bank stated that lower quarterly average HIBOR and soft loan growth will result in a net ...
Institutional Owners May Ignore International Bancshares Corporation's (NASDAQ:IBOC) Recent US$127m Market Cap Decline as Longer-term Profits Stay in the Green
French Central Bank Governor says that the French debt issue urgently needs to be resolved, as the bonds market is showing more and more warnings.
Francois Villeroy de Galhau, Governor of the Bank of France, said that France urgently needs to address deficit and debt challenges, as the bond market is sending more and more risk warnings."In recent days, international banks lending to France have also told us that action must be taken now," Villeroy said in an interview on Wednesday."Before June, our spread with Germany was around 0.5 percentage points, now it is close to 0.8 percentage points, we must address this illness." The French government is facing pressure to quickly address the country's financial difficulties and will need to present a plan in the coming weeks.
An Insider At International Bancshares Lowered Their Holding Recently
Form 144 | International Bancshares(IBOC.US) Director Proposes to Sell 6.04 Million in Common Stocks
SEC FILLINGS DISCLOSED/ Aug 22, $International Bancshares(IBOC.US)$ Director SANCHEZ ANTONIO R JR intends to sell 100K shares of its common stock on Aug 22, with a total market value of
Press Release: IBC Reports 37% Increase in Earnings in 2023
