Weekly Outlook: Key Events for Wealth Managers
This week, several major companies are set to report their quarterly results, including HSBC, Amazon, and Shell.
HSBC's Third-Quarter Results
HSBC will release its third-quarter results on Tuesday, following a period of instability in the banking sector. Despite this, HSBC's stock has risen over 27% year to date, reaching a new all-time high.
Amazon's Third-Quarter Results
Amazon will report its third-quarter results on Thursday, after a recent outage of its Amazon Web Services (AWS) division. The AWS division is the largest source of Amazon's profits, and analysts will be looking! for any signs of how the outage may impact fourth-quarter and full-year figures.
AWS is the recipient of much of Amazon's colossal capital investment budget
Russ Mould, Danni Hewson, and Dan Coatsworth of AJ Bell will be focusing on these key events.
Author's summary: HSBC and Amazon report quarterly results this week.
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