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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.20% per year. These returns cover a period from January 1, 1988 through April 1, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Zacks News
Zacks Industry Outlook Highlights HSBC Holdings, Barclays and Deutsche Bank
by Zacks Equity Research
HSBC Holdings, Barclays and Deutsche Bank have been highlighted in this Industry Outlook article.
3 Foreign Bank Stocks Worth a Look in a Prospering Industry
by Nikita Kataruka
Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.
HSBC Q1 Pre-Tax Earnings Decline as Expenses Increase Y/Y
by Zacks Equity Research
HSBC records a y/y increase in revenues in the first quarter of 2024.
BNY Mellon (BK) Plans to Divest Canada Unit to Computershare
by Zacks Equity Research
BNY Mellon (BK) signs a deal to divest its Canada business while at the same time focusing on global expansion efforts. The financial terms of the deal remain undisclosed.
The Zacks Analyst Blog Highlights Oracle, HSBC, RTX, Marsh & McLennan and Chipotle Mexican Grill
by Zacks Equity Research
Oracle, HSBC, RTX, Marsh & McLennan and Chipotle Mexican Grill are part of the Zacks top Analyst Blog.
Earnings Season Scorecard and Analyst Reports for Oracle, HSBC & RTX
by Sheraz Mian
Today's Research Daily features a real-time update on the Q1 earnings season and new research reports on Oracle (ORCL), HSBC (HSBC), RTX (RTX) and others.
Barclays (BCS) Q1 Earnings, Revenues & Expenses Decline Y/Y
by Zacks Equity Research
Barclays (BCS) records y/y lower credit impairment charges in the first quarter of 2024.
UBS Group (UBS) to Swap Stake in CS Securities in China
by Zacks Equity Research
UBS Group (UBS) is seeking to swap its holding in Credit Suisse Securities in order to gain the complete ownership of its joint venture UBS Securities in China.
HSBC to Divest Argentina Business Under Asia Pivot Strategy
by Zacks Equity Research
HSBC to divest its Argentina business in order to sharpen its focus on Asia. The deal, valued at $550 million, is expected to be completed within the next 12 months.
HSBC Explores Selling Few German Business Units Amid Asia Focus
by Zacks Equity Research
HSBC considers selling its wealth-management, custody and fund administration units in Germany in an effort to focus more on Asia operations.
HSBC Closes Sale of Canada Business to Royal Bank of Canada
by Zacks Equity Research
HSBC completes the sale of its retail banking business in Canada. The deal will lead to a gain on sale of $4.9 billion in the first quarter of 2024. The company also plans to announce a special dividend.
First Citizens BancShares (FCNCA) to Buy SVB India Business
by Zacks Equity Research
First Citizens BancShares (FCNCA) agrees to acquire Silicon Valley Bank's Indian subsidiary, SVB Global Services India LLP.
HSBC to Hire 50 Bankers to Serve Startups Via Venture Lending
by Zacks Equity Research
HSBC announces plans to hire 50 bankers to expand offerings and serve startups through venture lending. This strategic initiative will boost its market penetration to gain long-term business.
The Zacks Analyst Blog Highlights Exxon Mobil, PepsiCo, HSBC, Cadence Design Systems and CrowdStrike Holdings
by Zacks Equity Research
Exxon Mobil, PepsiCo, HSBC, Cadence Design Systems and CrowdStrike Holdings are part of the Zacks top Analyst Blog.
Top Analyst Reports for Exxon Mobil, PepsiCo & HSBC
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), PepsiCo, Inc. (PEP) and HSBC Holdings plc (HSBC).
Capital One (COF) Gets Victory in Lawsuit Filed by Cardholders
by Zacks Equity Research
A U.S. district judge dismisses lawsuit filed by cardholders against Capital One (COF), citing overcharging of customers on foreign currency related transactions.
JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business
by Zacks Equity Research
JPMorgan (JPM) selects HSBC and Standard Chartered to run its custody business in Hong Kong and Taiwan.
Royal Bank of Canada (RY) Q1 Earnings Fall on Higher Provisions
by Zacks Equity Research
Substantial rise in provisions and higher non-interest expenses hurt Royal Bank of Canada's (RY) fiscal Q1 earnings, while an increase in revenues offers some support.
Barclays (BCS) to Face Class Action Suit Regarding Debt Sale
by Zacks Equity Research
Barclays (BCS) will face a proposed class action by shareholders, accusing the bank of securities fraud related to the sale of unregistered securities.
Company News for Feb 22, 2024
by Zacks Equity Research
Companies in The News Are: EXC, ADI, HSBC, WBA
HSBC Q4 Pre-Tax Earnings Fall on One-Time Impairment Charges
by Zacks Equity Research
Decline in operating expenses supports HSBC's Q4 results, while one-time impairment charges, lower revenues and a rise in ECL are undermining factors.
HSBC Gets Russia Unit Sale Approval, Paves Way for Full Exit
by Zacks Equity Research
HSBC receives approval to sell its Russia unit to Expobank.
Wells Frago's (WFC) 2016 Consent Order Terminated by OCC
by Zacks Equity Research
Wells Frago (WFC) comes out of a legal hassle with the termination of the consent order imposed in 2016 relating to the fake account scandal. The order was uplifted by OCC.
Citigroup (C) to Cut 10% Jobs in Its Wealth Segment in London
by Zacks Equity Research
Citigroup (C) is planning to reduce 10% of its Wealth segment workforce in London, which will likely lower its expense base.
HSBC Holdings (HSBC) to Sell Armenian Unit to Ardshinbank
by Zacks Equity Research
HSBC Holdings (HSBC) signs a deal to divest its Armenian unit to Ardishinbank. This is part of the former's strategic review, under which the bank plans to bolster its Asia presence.