Foreign Money Center Banks
(HBC) HSBC Holdings Plc – ADS – Bear of the Day
We retain our Underperform recommendation on HSBC Holdings plc – ADS (HBC) with an Underperform recommendation. Our primary concern is the harsh impact from the deepening Eurozone crisis. Moreover, the company is suffering from weak revenue growth in its mature markets...
30Dec2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings Plc – ADS – Bear of the Day
We retain our Underperform recommendation on HSBC Holdings plc (HBC) with an Underperform recommendation. Our primary concern is the harsh impact from the deepening Eurozone crisis. Moreover, the company is suffering from weak revenue growth in its mature markets due to ongoing...
22Dec2011 | vitalstocks | 0 comments | Continued(UBS) UBS AG Acquires Stake in Chi-X
UBS AG (UBS) acquired an equity stake in Chi-X Global Holdings LLC. The financial terms of the deal were not disclosed. Chi-X Global is an operator of technologically advanced alternative market centers and a provider of innovative market level trading solutions. Chi-X Global...
9Dec2011 | vitalstocks | 0 comments | Continued(HBC) Europe Withers, but the World Hopes
Charles Dickens’ classic ‘A Tale of Two Cities’ begins: “It was the best of times, it was the worst of times…” Isn’t the world going through similar moments of despair and hope? The world hoped and hoped that the economic crisis that started in 2008...
30Nov2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings to Divest Its Losango Unit
On Thursday, Financial Times reported that HSBC Holdings Plc (HBC) is planning to sell its Losango consumer finance unit in Brazil, in yet another attempt to shed its non-core assets and improve efficiency. Presently, HSBC’s Losango unit has nearly 20 million clients and controls...
2Nov2011 | vitalstocks | 0 comments | Continued(UBS) U.S. Economy – Inflation – Jobs – Manufacturing
We have a range of economic data on tap today, from Jobless Claims and CPI to Industrial Production and regional manufacturing surveys. Europe will also be not far from investors’ mind, though the tone of recent headlines out of Europe has softened a bit. Some of the more...
19Sep2011 | vitalstocks | 0 comments | Continued(BCS) Company News for September 19, 2011 – Corporate Summary
• Shares of blackberry smart phone maker Research In Motion Ltd. (NASDAQ:RIMM) declined 18.99% after the company posted poor earnings results that came in below expectations • New York Post reported that Apollo Global Management LLC (NASDAQ:APO) is expected to...
19Sep2011 | vitalstocks | 0 comments | Continued(UBS) VIX Instruments: Why Investing in Volatility is Volatile
by Justin Dove, Investment U Research Wednesday, September 7, 2011 The VIX Index is all over the place in financial media these days. As most investors gather, the VIX is a volatility measure that looks to quantify fear in the markets. Many media outlets report from time to time...
12Sep2011 | InvestmentU | 0 comments | Continued(IBN) ICICI Bank Analyst Maintains Neutral Rating
We are maintaining our Neutral recommendation on ICICI Bank Limited (IBN). Though we are concerned about ICICI’s highly competitive operating environment and below-average credit quality, we anticipate continued synergies from the company’s increased dependence on domestic...
16Aug2011 | vitalstocks | 0 comments | Continued(UBS) Non-U.S. Banks Stock Update – July 2011 – Industry Outlook
Backed by worldwide regulatory reform, the global banking industry is currently going through a transformation phase. Though the growth potential of some non-U.S. banks could be subdued due to higher reserve requirements, increased property taxes and strict lending limits as...
6Jul2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings Saudi Arm to Join SABB Securities
HSBC Holdings Plc (HBC) announced that its Saudi Arabian wholesale and investment banking unit, HSBC Saudi Arabia, would merge with SABB Securities Ltd., a wholly-owned brokerage and custody business unit of The Saudi British Bank. However, the company did not disclose the terms...
29Jun2011 | vitalstocks | 0 comments | Continued(RBS) Royal Bank of Scotland Group Boosts Chinese Investment
Royal Bank of Scotland Group Plc. (RBS) has boosted its investment banking business in China by appointing two senior investment bankers to its team. RBS appointed Wei Wang as head of China financial institutions group and Qing Zhu as head of China energy and resources. Wang...
28Jun2011 | vitalstocks | 0 comments | Continued(UBS) Basel Wants Big Banks to Store More
On Saturday, the oversight body of the Basel Committee on Banking Supervision proposed new rules that would force the world’s biggest banks to hold extra capital on their balance sheets as protection and prevention against global financial crisis, the Associated Press reported....
27Jun2011 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings Plc-Madoff Trustee Lawsuit
HSBC Holdings Plc (HBC) will have to wait for about a month (July end) for the verdict whether the trustee of Bernard L. Madoff Investment Securities LLC can be allowed to proceed with a $9 billion lawsuit accusing the company of having enabled the huge fraud. In December last...
26Jun2011 | vitalstocks | 0 comments | Continued(CS) Company News for June 14, 2011 – Corporate Summary
• Share prices of Transatlantic Holdings (NYSE:TRH) climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion • On Monday, Wendy’s/Arby’s Group (NYSE:WEN)...
14Jun2011 | vitalstocks | 0 comments | Continued(CS) Company News for June 14, 2011 – Corporate Summary
• Share prices of Transatlantic Holdings (NYSE:TRH) climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion • On Monday, Wendy’s/Arby’s Group (NYSE:WEN)...
14Jun2011 | vitalstocks | 0 comments | Continued(AIB) Company News for May 18, 2011 – Corporate Summary
• Dell Inc. (NASDAQ:DELL) reported Q1 EPS of $0.55, higher than the Zacks Consensus Estimate of $0.43 per share. Revenue for the quarter edged up 1% year-over-year to $15.02 billion, falling short of the Zacks Consensus Estimate of $15.457 billion • Share prices...
18May2011 | vitalstocks | 0 comments | Continued(UBS) UBS AG Faces FINRA Fines
UBS AG (UBS) has hit the headlines again, this time for a wrong reason. Its wealth management services unit has been fined by the Financial Industry Regulatory Authority (FINRA) for misleading investors about the risks associated with certain notes of Lehman Brothers Holdings...
12Apr2011 | vitalstocks | 0 comments | Continued(MTU) Mitsubishi UFJ Financial Group and Morgan Stanley to Cut Jobs?
Mitsubishi UFJ Morgan Stanley Securities Co., a joint venture between Mitsubishi UFJ Financial Group Inc. (MTU) and Morgan Stanley (MS), is planning to right-size its company by trimming its payroll. The company would offer an early retirement program from February, according...
31Dec2010 | vitalstocks | 0 comments | Continued(SIVR) Is Silver Set to Beat Out Gold?
by Tony D’Altorio, Investment U Research Monday, October 25, 2010 Silver has served as a measure of value and currency for over 4,000 years. As early as around 600 B.C., citizens of Lydia used it for coins. But while hardly new, it’s still giving investors something to...
26Oct2010 | InvestmentU | 0 comments | Continued(UBS) UBS AG Profits – Client Funds Inflow Positive Now
UBS AG (UBS) has posted a profit in the third quarter of 2010 and has reported positive client money flows after reporting outflows for the past several quarters. The company reported a net profit of CHF 1.7 billion ($1.7 billion) compared with CHF 2.0 billion in the prior quarter...
26Oct2010 | vitalstocks | 0 comments | Continued(AIB) Allied Irish Banks Announces Sale of M&T Bank Stake
In an effort to generate sufficient capital, Allied Irish Banks plc (AIB) announced yesterday that it would sell its 22.4% shareholding in M&T Bank Corporation (MTB). The sale involves a public offering of 26.7 million notes that are exchangeable for the shares of common...
11Oct2010 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank AG Expects Third Quarter Earnings Loss
Deutsche Bank AG (DB) expects a loss in the third quarter of 2010. This is due to a €2.3 billion ($3 billion) charge from the revaluation of the company’s stake in Deutsche Postbank, which the company agreed to purchase in 2008. Weak market conditions during the third quarter...
23Sep2010 | vitalstocks | 0 comments | Continued(BCS) Company News for September 16, 2010 – Corporate Summary
• FedEx (NYSE:FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 • Microsoft (NASDAQ:MSFT)...
16Sep2010 | vitalstocks | 0 comments | Continued(BCS) Does the U.S. Have Another Recession Ahead?
Are we heading into another financial meltdown? That is what the data released by the U.S. government last Friday seems to suggest. Statistics revealed by the Bureau of Economic Analysis shows economic growth that is stalling and may even flatten out over the rest of the year,...
30Aug2010 | vitalstocks | 0 comments | Continued(STD) Banco Santander SA on Acquisition Spree
Banco Santander SA (STD) is on an acquisition spree. The company is intending to acquire a stake in Bank Zachodni WBK, a Polish Bank. In fact, Santander is planning to buy three overseas businesses from Allied Irish Banks (AIB), according to a report in the Financial Times. As...
23Aug2010 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank AG Forms Alliance with Craigs Investment Partners Limited of New Zealand
On Wednesday, Deutsche Bank AG (DB) and Craigs Investment Partners Limited of New Zealand announced the completion of their strategic alliance. As per the terms of the alliance, Deutsche Bank would hold a 49.9% equity interest in Craigs, while the remaining 50.1% will be held...
16Aug2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Sells $1.5 Billion Notes
UBS AG (UBS) has sold $1.5 billion of senior unsecured bank notes through its Stamford branch. The notes have a coupon rate of 2.25% and mature on August 12, 2013. Ratings from Moody’s Investor Services ? a unit of Moody’s Corp. (MCO) ? and Standard & Poor’s are...
10Aug2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Announces They Will Pay $81 Million to Settle Charges
UBS AG (UBS) has hit the headlines again but this time for a wrong reason. The company has been ordered to pay $80.8 million by the Financial Industry Regulatory Authority Inc.’s (“FINRA”) arbitration panel in order to settle a damage claim brought forward by Kajeet Inc....
10Aug2010 | vitalstocks | 0 comments | Continued(RBS) Royal Bank of Scotland Group Sells 318 Branches to Banco Santander
Royal Bank of Scotland Group plc.(RBS) has announced that it is selling its 318 branches and associated assets and liabilities to Santander UK plc., the U.K. unit of Banco Santander SA (STD). The selling price is at a premium of GBP350 million to net assets at closing. This business’...
9Aug2010 | vitalstocks | 0 comments | Continued