HSBC Holdings PLC
StanChart profit beats estimates, flags strong outlook on rising rates
Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation. The London-headquartered lender, which is focused on Asia, Africa and the Middle East, now expects income growth this year to slightly exceed earlier guidance of 5-7%, underlining […]
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Standard Chartered reports better-than-expected profit, flags bullish outlook on rising rates
Pedestrians pass the headquarters of Standard Chartered in London on Feb. 14, 2022. Standard Chartered’s first-quarter pre-tax profit rose 6%, beating market expectations, as the emerging markets-focused lender benefited from rising interest rates and flagged a robust outlook. Chris Ratcliffe | Bloomberg | Getty Images Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, […]
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HSBC’s first-quarter profit slides as Ukraine conflict, inflation bite
Pedestrians walk past a HSBC Bank branch in Hong Kong. HSBC reported a 27% fall in quarterly profit on Tuesday, as the Asia-focused bank suffered from decreased revenues and slowing growth in Hong Kong. Budrul Chukrut/SOPA Images | Lightrocket | Getty Images HSBC reported a 27% fall in quarterly profit on Tuesday, as the Asia-focused […]
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Stay defensive with these global stocks amid market volatility, analysts say
HSBC, Credit Suisse and UBS name their top defensive stock picks. Source
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These are the best stocks to own as bond yields rise, Jefferies says
Jefferies has named the best stocks to own during rising U.S. 10-year Treasury yields. Source
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Asia is seeing a wave of buybacks. Goldman and Morgan Stanley say these companies could be next
Asia has seen a wave of stock buybacks, and bank analysts say it’s not stopping anytime soon. Chinese tech giant Alibaba said last week it will increase its share buyback program from $15 billion to $25 billion. Phone maker Xiaomi announced Tuesday a buyback of up to 10 billion Hong Kong dollars ($1.28 billion), while JD […]
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Wall Street banks name their top global stock picks to navigate market volatility
Defensive stocks, “rock solid” payouts and buying the dip: Wall Street analysts share their favorite strategies for navigating the market volatility right now. Source
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Here are Wall Street’s top global stocks to play rising stagflation risks
Goldman Sachs’ analysts have named a number of “stagflation winners” they think will outperform. Source
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