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Stock Market & Financial Investment News

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May 7, 2014
06:01 EDTHSBCHSBC reports Q1 profit before tax $6.8B vs. $8.5B last year
Reports Q1 revenue $15.71B vs. $17.14B last year. The CRD IV transitional basis CET1 capital ratio was 10.7%, down from 10.8% at December 31, 2013, and the end point CET1 capital ratio was 10.8%, down from 10.9%. HSBC said, "In the first quarter we maintained control of costs and further demonstrated our capital resilience. Whilst revenue was lower than the previous year's first quarter, which benefited from a number of specific items, we have seen progress in revenue over the trailing quarters. Loan impairment charges fell, reflecting the changes to the portfolio since 2011. Our return on equity was 11.7%."
News For HSBC From The Last 14 Days
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December 16, 2014
06:35 EDTHSBCBank of England says seven of eight banks pass stress test
The Bank of England said that all but one of the eight banks passed its stress test. The one bank, Co-operative, needs to submit a revised plan to strengthen its balance sheet. Royal Bank of Scotland (RBS), Lloyds (LYG) and Co-operative were found to be the most susceptible to a housing crash and spike in unemployment. RBS and Lloyds passed the stress test, however. Both banks need improved capital positions, but have already put in place plans to do so, the central bank's Prudential Regulation Authority stated. Reference Link
December 11, 2014
13:40 EDTHSBCEuro zone banks accepted $160B in low interest loans, NY Times says
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December 10, 2014
06:21 EDTHSBCHSBC fires London-based head of currencies trading, WSJ reports
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December 8, 2014
10:00 EDTHSBCOn The Fly: Analyst Downgrade Summary
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06:01 EDTHSBCHSBC downgraded to Market Perform from Outperform at Keefe Bruyette
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