HSBC Holdings (NYSE:HBC): Current price $54.74
HSBC is increasingly worried that its planned divestiture of a $9.4 billion interest in Ping An Insurance Co. might collapse, but nevertheless says that it has no material info to report about the negotiations. In a statement released Wednesday, the bank said that, “HSBC confirms that it is not aware of any information which must be announced to avoid a false market” in its own shares, addressing regulators in Hong Kong and confirming that the announcement of the proposed sale “remains accurate.”
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.