Foreign Banks Stock Outlook - June 2016
Kalyan Nandy - Zacks Investment Research - Thu Jun 09, 4:30PM CDT
Foreign Banks Stock Outlook - June 2016
BCS: 9.56 (-0.64), TD: 44.50 (-0.49), BFR: 20.24 (-0.10), CS: 12.43 (-0.57), RY: 61.57 (-0.82), DB: 15.74 (-0.97), HSBC: 31.01 (-1.22), UBS: 14.33 (-0.42), CM: 80.53 (-0.89), SHG: 33.62 (-0.70)
Barclays Encore! Program Helps Professionals Re-Enter the Finance Industry
BusinessWire - Wed Jun 08, 10:30AM CDT
Barclays is piloting a new program in New York called Encore! to help professionals who have taken a career break re-enter the finance industry.
BCS: 9.56 (-0.64)
Barclays and OFI Global Asset Management to Redeem the Barclays OFI SteelPath Midstream MLP ETN (Ticker: OSMS)
BusinessWire - Tue May 31, 5:12PM CDT
Barclays Bank PLC ("Barclays"
BCS: 9.56 (-0.64), OSMS: 17.83 (unch)
Barclays Set to Possibly Rebound After Yesterday's Selloff of 2.42%
Comtex SmarTrend(R) - Tue May 31, 4:16PM CDT
Barclays (NYSE:BCS) traded in a range yesterday that spanned from a low of $10.61 to a high of $10.90. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $10.75 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BCS: 9.56 (-0.64)
Feds: Ex-Barclays PLC director gave stock tips to plumber
AP - Tue May 31, 3:31PM CDT
NEW YORK (AP) — A former Barclays PLC director has been arrested on charges he illegally fed stock tips to a New York plumber in exchange for cash and home renovations.
BCS: 9.56 (-0.64)
Best 4 Inflation-Protected Bond Mutual Funds for Your Portfolio
Zacks Equity Research - Zacks Investment Research - Tue May 31, 7:56AM CDT
As inflation has begun to build up steadily, investing in inflation-protected bond mutual funds will be a prudent decision
BCS: 9.56 (-0.64), GS: 149.89 (-3.28)
Barclays (BCS) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Thu May 26, 8:38AM CDT
Barclays PLC (BCS) has been on the move lately as the stock has risen by 5.1% in the past four weeks, and it is currently trading well above its 20-Day SMA.
BCS: 9.56 (-0.64)
Citi (C) Settles Benchmark Manipulation Case for $425M
Zacks Equity Research - Zacks Investment Research - Thu May 26, 7:34AM CDT
Adding to the woes of banking giant Citigroup Inc. (C), Commodity Futures Trading Commission (CFTC) recently leveled a $425 million charge against the bank for manipulating certain key currency-valuation benchmarks.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), RBS: 6.06 (-0.43)
Why is Barclays (BCS) a Must Buy Foreign Bank Stock Now?
Zacks Equity Research - Zacks Investment Research - Wed May 25, 7:18AM CDT
At a time when most foreign banks are struggling to regain foothold amid a challenging operating backdrop, Barclays is portraying a different picture. Let's check its strengths and the reasons to add this stock to your portfolio now.
BCS: 9.56 (-0.64), SAN: 4.32 (-0.27), BBVA: 5.98 (-0.35), ITUB: 8.39 (-0.54)
LIBOR Lawsuits Revived Against 16 Banks, Fines to Follow?
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:27AM CDT
A federal appellate panel reinstated the private antitrust lawsuits against 16 banks related to the rigging of LIBOR, indicating no respite for the banks from their past wrongdoings.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), CS: 12.43 (-0.57), C: 43.90 (-1.11), HSBC: 31.01 (-1.22), DB: 15.74 (-0.97), BAC: 13.83 (-0.36), UBS: 14.33 (-0.42)
UBS Group Eliminates Jobs in Investment Banking Unit
Zacks Equity Research - Zacks Investment Research - Mon May 23, 2:50PM CDT
In line with its strategy to reduce costs, UBS Group AG (UBS) is reportedly eliminating jobs at its investment banking division.
BCS: 9.56 (-0.64), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
HSBC to Close 24 Indian Branches to Expand Digital Banking
Zacks Equity Research - Zacks Investment Research - Mon May 23, 8:20AM CDT
In a bid to boost digital banking to develop its consumer business in the South Asian nation, HSBC (HSBC) is planning to close almost half its branches in India.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), HSBC: 31.01 (-1.22), BAC: 13.83 (-0.36)
HSBC to Cut 840 IT Jobs in UK & Move them to Low Cost Sites
Zacks Equity Research - Zacks Investment Research - Tue May 17, 7:49AM CDT
As part of its previously announced strategic overhaul aimed at boosting profitability and overall efficiency, HSBC (HSBC) will axe 840 information technology jobs in the U.K. and move them overseas.
BCS: 9.56 (-0.64), JPM: 63.84 (-0.91), HSBC: 31.01 (-1.22), BAC: 13.83 (-0.36)
Mitsubishi UFJ (MTU) FY15 Earnings Fall, to Buy Back Shares
Zacks Equity Research - Zacks Investment Research - Tue May 17, 7:35AM CDT
Mitsubishi UFJ Financial Group, Inc.'s (MTU) net income for the fiscal year ended Mar 31, 2016, came in at ??951.4 billion ($8.2 billion), declining 8% year over year
BCS: 9.56 (-0.64), MTU: 4.84 (unch), DB: 15.74 (-0.97), RBS: 6.06 (-0.43)
Barclays Africa Attracts Bid from Abraaj for Stake Sale
Zacks Equity Research - Zacks Investment Research - Mon May 16, 9:04AM CDT
Barclays Africa unit has attracted the attention of Abraaj. The private equity firm plans to acquire a minority stake in the division.
BCS: 9.56 (-0.64), CG: 15.79 (-0.25), GGAL: 29.76 (+0.11), SHG: 33.62 (-0.70)
HSBC to Hire 175 Compliance Staff at U.K. Ring-Fenced Unit?
Zacks Equity Research - Zacks Investment Research - Fri May 13, 7:50AM CDT
HSBC (HSBC) is said to employ 175 people for the financial-crime compliance team at its U.K. consumer bank, which is soon going to be split per the U.K. government's plans for the "ring-fencing" of retail and wholesale banking activities.
BCS: 9.56 (-0.64), CS: 12.43 (-0.57), HSBC: 31.01 (-1.22), DB: 15.74 (-0.97)
Upgrade Alert for Barclays (BCS)
Comtex SmarTrend(R) - Fri May 13, 3:32AM CDT
Barclays (NYSE:BCS) was upgraded from Underperform to Neutral at Exane BNP Paribas today. The stock closed yesterday at $9.45 on volume of 4.6 million shares, above average daily volume of 4.0 million. Barclays PLC offers commercial and investment banking, insurance, financial, asset management and related services. The Company's subsidiary, Barclays Bank plc, operates over 2,000 branches in the United Kingdom and around 900 branches overseas. In all, Barclays Bank operates branches in over 60 countries.
BCS: 9.56 (-0.64)
Credit Suisse (CS) Posts Q1 Loss Amid Tough Backdrop
Zacks Equity Research - Zacks Investment Research - Thu May 12, 7:29AM CDT
Credit Suisse reported dismal first-quarter 2016 results. Net loss attributable to shareholders came in at CHF 302 million, which is a significant deterioration from net income recorded in the year-ago quarter.
BCS: 9.56 (-0.64), HDB: 64.63 (-0.85), CS: 12.43 (-0.57), DB: 15.74 (-0.97)
Barclays Ratings Affirmed by Moody's with Stable Outlook
Zacks Equity Research - Zacks Investment Research - Wed May 11, 8:42AM CDT
Moody's Investors Service, the rating services arm of Moody's (MCO), affirmed the ratings of Barclays (BCS), Barclays Bank PLC and all affiliated companies.
BCS: 9.56 (-0.64), GGAL: 29.76 (+0.11), MCO: 99.44 (-1.63)