11.21 PM Saturday, 4 May 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:17 05:37 12:18 15:45 18:54 20:14
04 May 2024

KBW cuts HSBC stock ratings

Published
By Staff Writer

HSBC Holdings, Europe's biggest lender, had its stock rating cut by analysts at Keefe, Bruyette & Woods (KBW), who cited "weak" revenue at the investment bank. The analysts cut the rating to "market perform" from "outperform" , KBW said.