What's Going On With HSBC Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Benzinga
Cost Savings and Reorganization: HSBC is set to announce $1.5 billion in annual cost savings as part of a major reorganization led by new CEO Georges Elhedery, aimed at reducing inefficiencies and streamlining operations.
Investment Banking Changes: The bank will significantly restructure its investment banking operations, shutting down key units outside Asia and the Middle East, while also merging its commercial and investment banks for a more focused approach.
Analyst Views on IDVZ
Wall Street analysts forecast IDVZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IDVZ is USD with a low forecast of USD and a high forecast of 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.
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Current: 33.113
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Current: 33.113
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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.
