Home
Investment
News & Views
Company News
news storage
Broker snap: UBS upgrades Standard but prefers HSBC
Thu, 11 Mar, 2010
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Broker snap: UBS upgrades Standard but prefers HSBC
Thu, 2 Jul 2009, 12:30:00
More Chart Options
Related Market Prices
Name
Value
Percent
Change
Standard Chartered
1724.50p
-0.55%
HSBC Holdings
694.60p
-1.63%
Related Articles
HSBC data theft affects 15,000 customers
Thu, 11 Mar 2010
Shire chairman raises £1.5m from disposal
Tue, 9 Mar 2010
London close: Footsie hits 18-month high
Fri, 5 Mar 2010
London afternoon: Footsie through 5,600, 18-month high
Fri, 5 Mar 2010
London midday: Footsie powers on
Fri, 5 Mar 2010
Though it continues to favour fellow Asia-focused bank
HSBC
, UBS has moved from a negative to a neutral stance on
Standard Chartered
, and sees the shares becoming becalmed in the near future. UBS has upped its price target from £10 to £11.40, some 50p below its current share price. The Swiss bank is projecting Standard to make pre-tax profit of $2.5bn at the interim stage this year, nearly four times what it was making four years ago, as it benefits from having maintained its capital and funding discipline prior to the credit crunch. The Swiss bank believes the interim results will represent a near term earnings peak for Standard. It prefers
HSBC
, which is likely to benefit from the same trends as Standard Chartered but which is valued well below its historical average.
©2004-2009 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact