HSBC Sells Sri Lanka Consumer Division to Concentrate on Global Corporate Clients
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
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Source: Benzinga
HSBC's Retail Banking Exit: HSBC Holdings plans to exit its retail banking operations in Sri Lanka, transferring approximately 200,000 customer accounts to Nations Trust Bank PLC while retaining its institutional banking division in the country. The sale is part of HSBC's restructuring strategy aimed at focusing on markets with stronger growth prospects.
Quantum Computing in Trading: HSBC has partnered with IBM to demonstrate that quantum computing can enhance prediction accuracy in algorithmic bond trading by up to 34%, showcasing the potential of quantum technology to transform trading strategies and provide a competitive edge in financial markets.
Analyst Views on IBM
Wall Street analysts forecast IBM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBM is 315.80 USD with a low forecast of 210.00 USD and a high forecast of 375.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 294.670
Low
210.00
Averages
315.80
High
375.00
Current: 294.670
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
