NEW YORK, March 10, 2017 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following Foreign Money Center Banks stocks: UBS Group AG (NYSE: UBS), HSBC Holdings PLC (NYSE: HSBC), The Royal Bank of Scotland Group PLC (NYSE: RBS), and East West Bancorp Inc. (NASDAQ: EWBC). These companies operate in the Financials sector, which was mostly higher in late trade on Thursday, March 09th, 2017, with the NYSE Financials Sector Index climbing less than 0.1%, while Financials companies in the S&P 500 Index were posting a nearly 0.4% increase in the afternoon. Learn more about these stocks by accessing their free research reports at:
Zurich, Switzerland headquartered UBS Group AG's shares rose 1.99%, finishing Thursday's trading session at $15.88. A total volume of 2.91 million shares was traded, which was higher than their three months average volume of 2.27 million shares. In the last month and since the start of this year, the stock has advanced 0.06% and 1.34%, respectively. The Company's shares are trading above their 200-day moving average by 7.39%. Moreover, shares of UBS Group, which together with its subsidiaries, provides financial advice and solutions to private, institutional, and corporate clients worldwide, have a Relative Strength Index (RSI) of 50.47.
On March 02nd, 2017, UBS announced that it has established UBS Group Funding (Switzerland) AG, a wholly owned direct subsidiary of UBS Group AG, to issue future loss-absorbing additional tier 1 (AT1) capital instruments and total loss-absorbing capacity- (TLAC-) eligible senior unsecured debt, which will be guaranteed by UBS Group AG. UBS also intends to substitute the issuer of outstanding TLAC-eligible senior unsecured debt, with UBS Group Funding (Switzerland) AG replacing UBS Group Funding (Jersey) Limited as the issuer. Free research report on UBS is available at:
On Thursday, shares in London, the UK headquartered HSBC Holdings PLC recorded a trading volume of 1.88 million shares, and ended the session 0.15% higher at $40.57. The stock has gained 3.59% on an YTD basis. The Company's shares are trading 12.19% above their 200-day moving average. Furthermore, shares of HSBC Holdings, which provides banking and financial products and services in the UK and internationally, have an RSI of 45.19.
On February 14th, 2017, HSBC announced that Ian Stuart will become the first Chief Executive of HSBC UK, its new ring-fenced bank, subject to regulatory approval. Ian is currently Head of Commercial Banking for HSBC for the UK and Europe. His 35-year career in financial services has spanned retail, business and commercial banking and he joined HSBC three years ago to lead HSBC's Commercial Banking operations for the UK. His remit expanded in 2015 to include the rest of Europe. The complimentary research report on HSBC can be downloaded at:
Royal Bank of Scotland
Shares in Edinburgh, the UK headquartered The Royal Bank of Scotland Group PLC closed at $5.93, climbing 1.19% from the last trading session. The stock recorded a trading volume of 604,320 shares. The Company's shares have gained 3.31% in the last one month, 9.81% in the previous three months, and 7.23% on an YTD basis. The stock is trading 2.85% and 10.47% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Royal Bank of Scotland Group, which together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide, have an RSI of 51.31.
On March 02nd, 2017, research firm Berenberg upgraded the Company's stock rating from 'Hold' to 'Buy'. Visit us today and access our complete research report on RBS at:
East West Bancorp
Pasadena, California headquartered East West Bancorp Inc.'s stock ended 0.16% lower at $54.98 with a total trading volume of 526,241 shares. The Company's shares have advanced 5.71% in the last one month, 11.72% over the previous three months, and 8.58% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.33% and 31.21%, respectively. Furthermore, shares of East West Bancorp, which operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals, have an RSI of 57.89.
On February 13th, 2017, Identiv Inc. announced that it has entered into a $10.0 million term loan agreement with Western Technology Investment and an up to $10.0 million asset-backed line-of-credit agreement through East West Bank's Technology Banking Division (EWB). The proceeds of the refinancing have been used to retire existing debt. The asset-backed line-of-credit agreement with EWB has a term of 24-months and includes a warrant to purchase 40,000 shares of the Company's common stock. Get free access to your research report on EWBC at:
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