HSBC Drops, UniCredit Gains, AB InBev Rises
Stock Movers5 Touko

HSBC Drops, UniCredit Gains, AB InBev Rises

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- HSBC shares declined as much as 5.6% in London trading after the lender missed estimates in the first quarter, weighed by higher costs and impairments. The bank booked an unexpected UK fraud-related charge and recorded a $300 million increase in allowance tied to a deteriorating global economic outlook following the onset of hostilities in the Middle East.
- UniCredit shares advanced 3%, the best performing stock on the Stoxx 600 Banks Index, after the Italian lender reported a record quarter with strong revenues. KBW analysts expect earnings to be well received.
- Shares in AB InBev gained as much as 6.8% in early trading, adding to a more than 14% rise over the past 12 months.

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