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Ticker Summary (HBC)

50.68+0.32 (+0.64%)
Open 50.78
High 50.99
Low 50.35
Volume 1,706,808
Market Cap N/A
52 Week High 64.42
52 Week Low 43.25
P/E N/A
F P/E 8.96
EPS N/A
Dividend 1.30
Yield 2.58%
1 Year Target 56.54

HBC 50.68 +0.64%

According to South Korea's Chosun Ilbo newspaper, both HSBC Holdings and an unidentified Chinese bank are both among potential buyers for acquiring Lehman Brothers. The newspaper stated that HSBC, the Chinese bank, and several large U.S. hedge funds are negotiating to acquire a 25 percent in Lehman Brothers for $4.4 to $5.3 billion. Lehman Brothers, which currently has over $60 billion in mortgage and mortgage security exposure, is under desperate pressure to shore up additional capital.

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2 years 269 days ago by Tim

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