HSBC

The Wall Street Journal reports that the Justice Department may file a lawsuit against HSBC India (HBC) in San Fransisco federal court. This news comes from a person familiar with the matter. The suit will look to force HSBC Indi

Wall Street estimated for $14.02 billion. Analysts said rising costs were the biggest disappointment and were above expectations due to infrastructure spending and the cost of recruiting customer-facing staff.

Recently appointed CEO Stuart Gulliver told analysts on a conference call that the bank's cost efficiency was "unacceptable" and that it is taking steps to
address the issue.

U.K. banking giant HSBC Holdings (HBC) reported its 2010 net profit more than doubled to $13.16 bln. However, ADRs are falling as this number is below the average analyst expectation.

The U.S. arm of HSBC announced Monday received two subpoenas from the SEC. The commission is seeking documents and information relating to HSBC's private-label residential mortgage-backed securities transactions. The first subpoe

Rising costs were around $1.7 billion, due to infrastructure spending and the cost of recruiting customer-facing staff.

HSBC Holdings has a potential upside of 3.5% based on a current price of $57.27 and an average consensus analyst price target of $59.26.

HSBC Holdings PLC (NYSE:HBC) reported that its 2010 net profit more than doubled to $13.16 billion, up from $5.83 billion in 2009, missing consensus estimates of $14.02 billion.

The firm has a $45 price target on company shares.

Shares of ArcelorMittal (MT) are 1.6% higher in pre-market trading as the company is reportedly upgraded to Overweight from Neutral at HSBC.

As a result, HSBC will no longer provide RALs or RACs to H&R Block clients.

H&R Block (HRB) is lower this morning after announcing that as a result of a regulatory directive by the Office of the Comptroller of the Currency (OCC), HSBC has given notice to H&R Block that it is immediately terminatin