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Zacks News
HSBC Q3 Pre-Tax Earnings Decline as Revenues Fall, Costs Rise
by Zacks Equity Research
HSBC witnesses fall in revenues and marginal rise in expenses in the third quarter of 2019.
Wells Fargo (WFC) Cuts 200 Jobs in U.S. Lending Divisions
by Zacks Equity Research
Wells Fargo's job-cut move in line with the banking giant's efforts to restructure agricultural and energy lending teams.
Barclays (BCS) Reports Net Loss in Q3, Provisions Surge
by Zacks Equity Research
Barclays (BCS) witnesses significantly higher provisions in the third quarter of 2019.
UBS Making Job Cuts in Asia-Pacific Region to Reduce Costs
by Zacks Equity Research
UBS cuts jobs in the Asia-Pacific region, in order to reduce costs and restructure businesses.
The Zacks Analyst Blog Highlights: Facebook, UnitedHealth, HSBC, PetroChina and Netflix
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Facebook, UnitedHealth, HSBC, PetroChina and Netflix
Top Analyst Reports for Facebook, UnitedHealth & HSBC
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Facebook (FB), UnitedHealth (UNH) and HSBC Holdings (HSBC).
HSBC to Reduce 10,000 Jobs in Europe Amid Cost-Saving Drive
by Zacks Equity Research
HSBC initiates another round of cost-cutting, leading to the reduction of 10,000 jobs in Europe, under the new interim CEO, Noel Quinn.
Company News For Oct 8, 2019
by Zacks Equity Research
Companies in the news are: GE, GM, HSBC, DISH and FOXA
Lazard's Asset Management Arm Mulls to Lay Off 60 Employees
by Zacks Equity Research
Amid a tough operating environment and changing client preference, Lazard (LAZ) might cut jobs to maintain profitability.
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, HSBC and Barclays PLC
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, HSBC and Barclays PLC
Comerica Lawsuit Against Bombardier Gets Dismissed Yet Again
by Zacks Equity Research
Per the judge's ruling, Comerica (CMA) will not be able to file an amended complaint.
Banks Win as U.S. Judge Dismisses Mexico Bond Rigging Lawsuit
by Zacks Equity Research
The lawsuit filed against JPMorgan (JPM), Citigroup (C) and others, alleging that they tried to rig the Mexican government bonds market, has been dismissed.
Banco Santander's U.K. Unit to Take Impairment Charge in Q3
by Zacks Equity Research
Owing to Brexit-uncertainty and weaker economic outlook, Banco Santander (SAN) will take a goodwill impairment charge of 1.5 billion euros in Q3.
HSBC to Escape 33.6 Million Euro EU Euribor Cartel Fine
by Zacks Equity Research
Among seven banks entangled in cartel formation to rig the key interest rate benchmark, HSBC Holdings (HSBC) gets some relief with the annulment of fine worth 33.6 million euros, imposed by the EC.
The Zacks Analyst Blog Highlights: Celgene, Sinopec, HSBC, Vertex Pharmaceuticals and Prudential Financial
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Celgene, Sinopec, HSBC, Vertex Pharmaceuticals and Prudential Financial
Top Stock Reports for Celgene, Sinopec & HSBC
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Celgene (CELG), Sinopec (SNP) and HSBC Holdings (HSBC).
UBS Group Contemplates Investment Bank Unit Restructuring
by Zacks Equity Research
UBS Group (UBS) to revamp the company's investment banking unit, in a bid to improve its performance and trim costs.
Scotia Bank's (BNS) Q3 Earnings Impressive, Costs Escalate
by Zacks Equity Research
The Bank of Nova Scotia's (BNS) third-quarter fiscal 2019 (ended Jul 31) earnings reflect higher revenues, its solid capital levels and elevated expenses.
Canadian Imperial (CM) Up as Q3 Earnings & Revenues Rise
by Zacks Equity Research
Higher interest income, fee revenues and a strong balance sheet position support Canadian Imperial's (CM) fiscal Q3 earnings.
Royal Bank of Canada (RY) Q3 Earnings Improve Y/Y, Costs Rise
by Zacks Equity Research
Royal Bank of Canada (RY) witnesses higher revenues and rise in expenses in third-quarter fiscal 2019.
HSBC Plans to Bid for Aviva Asia Business, Seeks to Diversify
by Zacks Equity Research
HSBC is in the early stage of weighing an offer for the Asia operations of Aviva.
HSBC to Resolve Belgium Money Laundering Lawsuit for $336M
by Zacks Equity Research
HSBC Holdings' (HSBC) agreement to settle Belgium money laundering and tax fraud lawsuit is a step in the right direction.
Will JPM, MS Get Nod for Majority Stake in China Ventures?
by Zacks Equity Research
JPMorgan (JPM) and Morgan Stanley (MS) acquire majority stake in their respective Chinese joint ventures. However, getting regulatory nod for the same can be difficult.
HSBC Plans to Lay Off 4,000 Employees Globally to Cut Costs
by Zacks Equity Research
HSBC will likely reduce 2% of its workforce, i.e. 4,000 jobs globally, to reduce costs.
HSBC Q2 Pre-Tax Earnings Improve as Revenues Rise, Costs Fall
by Zacks Equity Research
HSBC witnesses growth in revenues in the second quarter of 2019. Moreover, a marginal decline in expenses acts as a tailwind.