BNP Paribas to acquire HSBC's German custody and depositary bank operations, boosting its presence in Germany's institutional funds and financial intermediary sectors. No financial terms disclosed.
Broadcom’s stock surged to a record high after HSBC upgraded the stock to ‘Buy’ and raised its target to $400, citing stronger ASIC project visibility and rising AI-driven demand.
Can international stocks continue to outperform their US counterparts? Structrual trends points to continued strength, and these 3 stocks are poised to profit.
The company is looking to raise ₹4,500 crore by selling a 11.6% stake. Analysts say the fundraise could ease debt, but biosimilar execution remains key.
Autos and private banks saw some traction, while technology and PSU bank stocks remained under pressure. The retail sentiment on Stocktwits turned ’extremely bearish’.
Shares of health insurance company UnitedHealth (NYSE:UNH) fell 5.5% in the afternoon session after HSBC analysts downgraded the stock's rating from Neutral to Sell, adding that the recent sell-off had yet to provide a cheap opportunity to buy. The analysts also cited key reasons for the concerns, including "higher medical costs, political pressure on drug prices, and lower overall profitability ahead, especially if there are cuts to Medicaid spending.".
Pharma stocks saw a relief rally, with Sun Pharma and Dr. Reddy’s gaining over 1% each, after U.S. President Donald Trump’s executive order on drug pricing was considered less stringent than anticipated.
Shares of online travel agency Expedia (NASDAQ:EXPE)
fell 7.7% in the afternoon session after the company reported disappointing first quarter 2025 results: while EPS and EBITDA significantly beat analysts' expectations, room nights booked slightly missed, causing revenue to also fall short of estimates. Revenue rose just 3% from a year ago, lagging growth in gross bookings.
Overall, this quarter could have been better.
