HSBC Holdings PLC
CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
The Nvidia headquarters in Santa Clara, California, in November 2024. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can […]
Read More
HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
Chinese markets are “turning a corner” following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. “Mainland China has announced a slew of policies to help ensure that local governments can pay their bills and service debt. This should reduce the risk of an immediate slowdown in growth […]
Read More
CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
There’s a concept called the “hedonic treadmill,” which theorizes as people achieve success, their expectations rise. Nvidia seems a victim of this. Source
Read More
SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
Jaidev Janardana, CEO of U.K. digital bank Zopa. Zopa LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company’s CEO told CNBC. Zopa posted revenues of £222 million ($281.7 million) in 2023 and […]
Read More
Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
Key Points U.S. and Canadian banks reported a ten-fold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. The sharp rise in reported scams comes as banks have put in place more controls to prevent account takeovers and other […]
Read More
Stocks making the biggest moves premarket: VF Corp, McDonald’s, Pfizer, PayPal and more
Check out the companies making headlines before the bell. VF Corp – Shares soared nearly 20% following the North Face and JanSport parent’s better-than-expected quarterly results. For the fiscal second quarter, the company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue. Analysts surveyed by LSEG were looking for 37 cents […]
Read More
CNBC Daily Open: Stocks are approaching the hottest period of the year
The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds. Stan Honda | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily […]
Read More
HSBC announces $3 billion share buyback as third-quarter earnings beat expectations
HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Boosted by strong revenue growth, Europe’s largest lender HSBC on Tuesday reported third-quarter earnings that beat analysts’ expectations as it embarks on a major restructuring that will […]
Read More
Barclays profit jumps 23% in third quarter, beating expectations
Signage shines through a window reflecting Barclays head office in Canary Wharf, London, U.K. Bloomberg | Getty Images LONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations. The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts, and […]
Read More
HSBC names Pam Kaur as first female CFO amid major restructuring
Key Points HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July. The bank also announced plans […]
Read More