Financial Times (Free subscription) | yesterday
HSBC's chief executive on Tuesday expressed regret that the bank was likely to be frozen out of the bidding process for assets being sold by RBS and Lloyds Banking Group
BloggingStocks (Free subscription) | yesterday
Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Janney Montgomery upgraded Adobe ( ADBE ) to buy from neutral on expectations for a strong CS5 product cycle in 2010. The firm raised its target on shares to $43 from $33. Kaufman Bros. upgraded Rackspace ( RAX ) to buy from hold to reflect the company's "strong" Q3 results and expectations...
Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- Royal Bank of Scotland was upped to buy from hold at Deutsche Bank, with the bank's price target upped to 50 pence from 45 pence. "Though the burden of proof around earnings and capital remains with management, we believe the tide is shifting towards a more positive stance from RBS on this front, with better capital run-off and cost cutting targets possible with results...
24/7 Wall St. (Free subscription) | 13 hours ago
These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer. Barclays plc (NYSE: BCS) Cut to Hold at RBS. China Digital TV (NYSE: STV) Cut to Neutral at Piper Jaffray. FPL Group (NYSE: FPL) Raised to Buy at Citi. Fluor (NYSE: FLR) Raised to [...]
Forbes (Free subscription) | 2 hours ago
As Barclays and HSBC speed ahead, RBS and Lloyds' state owners could hold their stakes for as much as seven years.
Payment News (Free subscription) | 12 hours ago
Security Fix - Washington Post: Eight indicted in $9M RBS WorldPay heist Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.
Market Watch (Free subscription) | yesterday
HSBC climbs after reporting declining U.S. impairments and Royal Bank of Scotland rises on an upgrade; Barclays lags after an impressive run this year.
Market Watch (Free subscription) | 11/10/2009
There’s a lot of hard work left to bring the U.S. economy back, but Stephen Stanley, chief economist for RBS Capital and winner of the Forecaster of the Month award for a record seventh time, says but the 'general feel' of things is getting 'decisively better.'
BloggingStocks (Free subscription) | 11/09/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Keefe Bruyette upgraded Blackstone Group ( BX ) to outperform from market perform following the company's Q3 results and maintains an $18.50 price target on shares. Baird upgraded Astec ( ASTE ) to outperform from neutral citing relative valuation and upside from new multi-year U.S. highway funding...
Market Watch (Free subscription) | 11/09/2009
MADRID (MarketWatch) -- U.K. pharmaceutical group AstraZeneca was upgraded to buy from hold on Monday at Royal Bank of Scotland, which cited potential for strong cash flow generation. The investment bank said while there is litigation risk to AstraZeneca related to marketing over its schizophrenic drug Seroquel, it still sees 30% potential upside to shares. RBS also cut Swiss group Roche Holding to...
The Independent (Free subscription) | 11/07/2009
New banks, a breath of fresh air or more of the same? Financial news has this week been dominated by the EU-enforced break-up of Lloyds TSB and Royal Bank of Scotland, which sees these banking heavyweights having to dispose of hundreds of branches.
The Street (Free subscription) | 11/06/2009
Royal Bank of Scotland reports a net quarterly loss of 1.8 billion pounds -- or the equivalent of $3 billion -- despite an improvement in underlying profits.
Market Watch (Free subscription) | 11/06/2009
LONDON (MarketWatch) -- European shares pulled back from early highs on Friday, ahead of U.S. jobs data, with construction stocks declining after Lafarge , down 3.8%, and Wienerberger, down 6.1%, reported earnings. Telecoms were also lower with Vodafone Group shares down 1.1%. Still, it wasn't all bad news on the earnings front, with British Airways shares up 6.6% and Royal Bank of Scotland shares...
Market Watch (Free subscription) | 11/06/2009
The bank also says there are signs of an improvement from the second quarter.
Market Watch (Free subscription) | 11/06/2009
LONDON (MarketWatch) -- Royal Bank of Scotland said Friday that it swung to a third-quarter net loss of 1.8 billion pounds ($2.98 billion) from a pro-forma profit of 871 million pounds a year earlier. The group said total income fell 17% to 7.09 billion pounds, while impairments losses jumped to 3.28 billion pounds from 1.28 billion pounds. The numbers are adjusted to exclude parts of the ABN Amro...
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