Latest news with #BrendanNelson
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Boeing (BA) Gets a Buy from UBS
UBS analyst Gavin Parsons maintained a Buy rating on Boeing today and set a price target of $255.00. The company's shares closed yesterday at $218.52. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Parsons is a 4-star analyst with an average return of 7.8% and a 67.90% success rate. Parsons covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and General Dynamics. Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $227.35, representing a 4.04% upside. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $245.00 price target. The company has a one-year high of $220.00 and a one-year low of $128.88. Currently, Boeing has an average volume of 8.57M. Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year. Most recently, in May 2025, Brendan J. Nelson, the SVP, President, Boeing Global of BA sold 640.00 shares for a total of $132,019.20.
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Jefferies Sticks to Their Buy Rating for Boeing (BA)
In a report released today, Sheila Kahyaoglu from Jefferies maintained a Buy rating on Boeing, with a price target of $250.00. The company's shares closed yesterday at $212.03. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Kahyaoglu is a 5-star analyst with an average return of 12.5% and a 62.83% success rate. Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Honeywell International. Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $224.56, which is a 5.91% upside from current levels. In a report released on July 1, RBC Capital also maintained a Buy rating on the stock with a $230.00 price target. The company has a one-year high of $218.80 and a one-year low of $128.88. Currently, Boeing has an average volume of 9.34M. Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year. Most recently, in May 2025, Brendan J. Nelson, the SVP, President, Boeing Global of BA sold 640.00 shares for a total of $132,019.20.
Free Malaysia Today
06-06-2025
- Business
- Free Malaysia Today
HSBC chair Tucker to return to Asia insurer AIA after overseeing bank overhaul
Mark Tucker served as AIA's chief executive and president between 2010 and 2017. (EPA Images pic) HONG KONG : HSBC Holdings' high-profile chairman Mark Tucker will return to the insurance sector as chair of Hong Kong-based AIA Group, after having presided over top management changes and navigated Sino-US tensions at the Asia-focused lender. Tucker will depart HSBC by Sept 30 and will step into the role of AIA chairman on Oct 1, the two companies said in separate statements today. Tucker served as AIA chief executive and president between 2010 and 2017. Brendan Nelson, a former KPMG partner and board member who is the chair of HSBC's group audit committee, would become interim chairman from Oct 1, as the bank continues with its search for a permanent replacement, it said. Tucker's departure from HSBC, which generates the bulk of its revenues and profits in Asia, will cap an eventful eight-year tenure at the lender, during which he oversaw a sweeping restructuring and shrinking of the bank. Under Tucker's stewardship, HSBC has had to deal with a constant drumbeat of geopolitical tensions, as Britain, together with the US, clashed with China, where the bank has its second home and major profit engine in the financial hub of Hong Kong. Those experiences, as well as his deep Asia and insurance sector expertise, will stand him in good stead in the new role at AIA, as the pan-Asian insurer looks to bolster market share in the key markets of mainland China and Hong Kong. Tucker will replace Edmund Sze-Wing Tse as AIA's chairman. Shares in AIA were up 1.8%, while Hong Kong shares of HSBC were down 0.3%. Hong Kong's benchmark index was off 0.2%. Besides mainland China and Hong Kong, AIA's 18 markets in Asia include Thailand, Singapore, Malaysia, Australia, Indonesia, New Zealand, the Philippines and South Korea. It also has a joint venture in India. A one-time professional soccer player, Tucker, who took AIA public shortly after his appointment in 2010, has previously held several leadership jobs in the insurance sector, including at Britain's Prudential. Asia pivot Tucker's departure from HSBC was not a surprise. He was nearing the end of the nine-year maximum advised for chair roles under Britain's corporate governance code, and the bank announced on May 1 that he would step down before the end of the year. Since joining HSBC in 2017, becoming the bank's first-ever externally recruited chairman, British-born Tucker worked with four different CEOs, and he was involved in the selection of three of them. Tucker was seen by investors, analysts and insiders as a key person at the bank to help it navigate geopolitical tensions and expand its business in China as part of its Asia pivot to boost growth. Geopolitical tensions came to a head for HSBC in May 2023 when its then-biggest shareholder, Ping An Insurance of China, lobbied for the bank to spin off its Asian business, a proposal ultimately defeated at HSBC's annual shareholder meeting. HSBC's senior independent director Ann Godbehere said the selection process to appoint a permanent chairman was underway. Tucker will serve as a strategic adviser to CEO Georges Elhedery and the board while the recruitment search remains in place. 'Brendan's extensive experience on UK-listed boards, and as group audit chair, makes him ideally placed to assume the role on an interim basis while the process continues,' Godbehere said of Nelson. He previously served as an independent non-executive director at several major UK-listed companies, including oil giant BP and financial services firm NatWest. HSBC is expected to search for Tucker's successor from its current board, sources familiar with the bank's plans told Reuters. 'Among the leading candidates is former Citigroup president Jamie Forese,' the sources said.
The Independent
06-06-2025
- Business
- The Independent
HSBC's Sir Mark Tucker to leave in September for return to insurer AIA
Banking giant HSBC's outgoing chairman Sir Mark Tucker will step down at the end of September to take up the same post at Hong Kong-based insurer AIA, the bank has announced. It was announced last month that Sir Mark would retire by the end of 2025, ending an eight-year tenure at the helm of the bank's board. His departure date comes after AIA confirmed his appointment as non-executive chairman on October 1 – a move that sees him return to the group he led as chief executive for seven years until 2017. HSBC is still searching for his permanent replacement, but Brendan Nelson, head of the group's audit committee, will take on the role on an interim basis. Sir Mark will remain as a strategic adviser to the group's chief executive Georges Elhedery and the board as the hunt for his successor continues. Ann Godbehere, senior independent director who is leading the search, said the bank was 'making progress' on the succession process. On his appointment at AIA, Sir Mark said: 'I am deeply honoured and excited to be taking on the role of independent chairman of one of the world's largest insurance companies. 'AIA plays a critical role in protecting the financial wellbeing of millions of families across Asia.' At the insurer, he replaces Edmund Sze-Wing Tse, who retires after a career spanning more than six decades with the business. Sir Mark Tucker took on the role of chairman at HSBC in October 2017 and has been at the helm of one of the world's biggest banks during crises including the Covid pandemic, the rising cost of living, and growing tensions between the US and China. Under the leadership of Mr Elhedery, the bank is undergoing a major overhaul as it seeks to slash costs by 1.5 billion US dollars (£1.1 billion) by the end of 2026. HSBC has also faced mounting pressure from one of its biggest shareholders, Chinese insurer Ping An, in recent years to split the bank in two and create a separate Asia-headquartered business. A plan to break up the bank was rejected by shareholders last year, but the restructuring announcement initially prompted some speculation that it could eventually fracture. Sir Mark said on announcing plans to leave last month that it had been a 'great honour and privilege to lead HSBC as chair'.
Yahoo
06-06-2025
- Business
- Yahoo
HSBC's Sir Mark Tucker to leave in September for return to insurer AIA
Banking giant HSBC's outgoing chairman Sir Mark Tucker will step down at the end of September to take up the same post at Hong Kong-based insurer AIA, the bank has announced. It was announced last month that Sir Mark would retire by the end of 2025, ending an eight-year tenure at the helm of the bank's board. His departure date comes after AIA confirmed his appointment as non-executive chairman on October 1 – a move that sees him return to the group he led as chief executive for seven years until 2017. HSBC is still searching for his permanent replacement, but Brendan Nelson, head of the group's audit committee, will take on the role on an interim basis. Sir Mark will remain as a strategic adviser to the group's chief executive Georges Elhedery and the board as the hunt for his successor continues. Ann Godbehere, senior independent director who is leading the search, said the bank was 'making progress' on the succession process. On his appointment at AIA, Sir Mark said: 'I am deeply honoured and excited to be taking on the role of independent chairman of one of the world's largest insurance companies. 'AIA plays a critical role in protecting the financial wellbeing of millions of families across Asia.' At the insurer, he replaces Edmund Sze-Wing Tse, who retires after a career spanning more than six decades with the business. Sir Mark Tucker took on the role of chairman at HSBC in October 2017 and has been at the helm of one of the world's biggest banks during crises including the Covid pandemic, the rising cost of living, and growing tensions between the US and China. Under the leadership of Mr Elhedery, the bank is undergoing a major overhaul as it seeks to slash costs by 1.5 billion US dollars (£1.1 billion) by the end of 2026. HSBC has also faced mounting pressure from one of its biggest shareholders, Chinese insurer Ping An, in recent years to split the bank in two and create a separate Asia-headquartered business. A plan to break up the bank was rejected by shareholders last year, but the restructuring announcement initially prompted some speculation that it could eventually fracture. Sir Mark said on announcing plans to leave last month that it had been a 'great honour and privilege to lead HSBC as chair'. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
