Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 10:HSBC Holdings plc (HSBC) : This banking and financial services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.HSBC Holdings' shares gained 12.6% over the last three months compared with the S&P 500’s advanced of 1.7%. The company possesses a Momentum Score of B.United Airlines Holdings, Inc. (UAL) : Th ...

At the time, the market was anticipating Advanced Micro Devices (NASDAQ: AMD) would mount a challenge against Nvidia (NASDAQ: NVDA) in artificial intelligence (AI) chips; an analyst is now cautioning that the firm might not have a competitive edge in the sector.Specifically, HSBC analyst Frank Lee, in an investor note on January 8, downgraded AMD from ‘Buy’ to ‘Reduce’ and slashed the price target from $200 to $110, citing a less competitive roadmap in the AI GPU market.The announcement comes after AMD’s st ...

HSBC Holdings (HSBC) shares touched a five-year high of $49.46 during Thursday's trading session. Year to date, the stock has risen 21.5%, outperforming the industry’s jump of 7.8%.In the same time frame, HSBC’s peer, UBS Group AG (UBS) , has declined 0.9%, while Barclays (BCS) shares have skyrocketed 70.5%. Year-to-Date Price Performance Image Source: Zacks Investment ResearchTechnical indicators suggest strength for HSBC. The stock is trading above its 50-day and 200-day moving averages. It signals robust ...

STREET, UNITED KINGDOM - MARCH 03: The HSBC logo is displayed outside a branch of HSBC on March 3 ... [+] 2008 in Street, United Kingdom. HSBC, the UK's largest bank, has said it has made a 8.7bn GBP loss, after the decline in the US housing market hit the value of its loans. The bank's losses are said to be the biggest write-down of the UK's big five because it has a lot of business and operations in the USA, however its annual profits still rose 10 percent to 12.2bn GBP, up from the year before. (Photo by ...

HSBC's Strategic Divestiture and Restructuring - HSBC Continental Europe signed an MOU for the potential sale of its French life insurance arm, HSBC Assurances Vie (France), to Matmut Société d'Assurance Mutuelle [1] - The transaction is expected to close in the second half of 2025, resulting in a pre-tax loss of €0.1 billion [2] - HSBC Assurances Vie (France) manages over €20 billion in assets, recorded a net income of €77 million in 2023, and has a Solvency II ratio of 287% [8] - The deal is valued at €925 million and aligns with HSBC's strategy to simplify operations and focus on growth markets [3][8] HSBC's Asia-Focused Strategy - HSBC aims to enhance shareholder returns by consolidating operations and concentrating on Asia [5] - The company will operate through four business lines starting Jan 1, 2025: Hong Kong, UK, Corporate & Institutional Banking, and International Wealth & Premier Banking [4] - HSBC intends to reinvest divestiture proceeds in expanding its presence in Southeast Asia and China [11] - The company acquired Citigroup's retail wealth management business in China and Singapore-based SilkRoad Property Partners Group, and re-launched its private banking business in India [11] HSBC's Operational Streamlining Efforts - HSBC is divesting from less profitable markets, including private banking in Germany, South Africa, Argentina, and Armenia [14] - The company has exited retail banking businesses in the United States, Canada, France, New Zealand, Greece, and Russia [14] - HSBC Global Asset Management (France) will maintain its partnership with HSBC Assurances Vie (France) post-sale, ensuring continuity for customers and partners [9] Peer Performance and Market Position - HSBC's shares have gained 20.1% year-to-date, outperforming the industry's rally of 6.7% [15] - DBS Group Holdings Ltd (DBSDY) saw a 22.2% share price increase in the past six months, with current-year earnings estimates revised 1.4% upward [7] - UBS Group AG (UBS) had an 18.5% upward revision in current-year earnings estimates and a 1.7% share price gain in the past six months [12]

Banks worldwide have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. While the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, relatively lower interest rates will provide support.Despite geopolitical concerns, industry players like HSBC Holdings plc (HSBC) and UBS Group A ...

HSBC Holdings plc’s (HSBC) Australia unit, HSBC Bank Australia, has been sued by the Australian Securities and Investments Commission (“ASIC”) for failing to protect its customers from losing millions of dollars in scams.ASIC’s Findings and Allegations Against HSBC Bank AustraliaAccording to ASIC’s report from Monday, HSBC received approximately 950 reports of fraudulent transactions between January 2020 and August 2024, which resulted in a total loss of around A$23 million ($14.6 million) for its customers ...

HSBC Holdings PLC (HSBC) is considering retrenching its retail operations outside the U.K. and Hong Kong, particularly in Mexico, to mitigate costs further and focus on wealthier “premier” clients. This was revealed by people familiar with the discussions to the Financial Times.Rationale Behind HSBC’s Operation Scale DownHSBC is reviewing the regions excluding its core markets to reduce its consumer presence. The company plans to focus on wealthier “premier clients.”HSBC entered Mexico by acquiring Grupo Fi ...

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures.The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments. “We allege HSBC Australia’s failings were widespread and systemic, and the bank failed to protect its customers,” ASIC Deputy Chair Sarah Court said in a news release.“We allege that from at least Januar ...

HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries.The bank is considering focusing only on wealthier clients in these markets as it looks to cut costs and focus on its core markets, which are the United Kingdom and Hong Kong, the Financial Times (FT) reported Thursday (Dec. 12), citing unnamed sources.No decision has been made on these changes, according to the report.HSBC did not immediately reply to PYMNTS’ request for comment ...