Chronicle Journal: Finance

Bullish US Stocks Trading Above Parabolic SAR: $RY $FIS $HSBC

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Royal Bank of Canada Lets Employees Work From Home Up To 2021

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Royal Bank of Canada (NYSE:RY) is bullish and currently, it is trading above its Parabolic SAR of $68.28. Amid the pandemic, the bank has announced that it will let its staff work from home through 2021 but few of the employees in the greater Toronto area are likely to return to work by mid-September. In a Memo, the lender indicated that plan for returning to work will depend on functions across businesses and the nature of work.

The bank and its Artificial Intelligence research institute Borealis AI have collaborated ith Nvidia and red Hat in developing a private AI cloud platform that will enhance customer banking experience. The collaboration will leverage Nvidia's DGX AI computing system and Red hat OpenShift to power the private cloud.

Fidelity National Information Services posts revenue of $2.96 billion in Q2 2020

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Another stock looking bullish is Fidelity National Information Services Inc. (NYSE:FIS) which is trading above its Parabolic SAR of $142.58. The company topped Q2 2020 analysts' earnings estimates posting earnings per share of $1.15 versus analysts' $1.10 per share revenue was $2.96 billion for the quarter compared to $2.11 billion reported in Q2 2019.

Fidelity has launched a free innovative app, Fidelity Spire which helps young people in achieving their money goals. The app has been designed to ensure young adults stay focused on their money goals by enabling them to plan, save as well as invest easily. The app also has a learning section that has financial tips and education that will help young investors with certain money goals.

HSBC Holdings To Hire 3,000 Wealth Planners in China As profits Sink

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HSBC Holdings Plc (NYSE:HSBC) is also looking bullish as it is trading above its Parabolic SAR of $25.72. the company is planning a massive boost to its Chinese Wealth Management team as it tries to boost its falling profits. The company revealed that its 1H profits dropped 50% and it is now planning to hire between 2,000 and 3,000 wealth planners in the next four years in China. So far its first 100 new employees have started working in Shanghai and Guangzhou.

Recently the company reached a long-term strategy cloud deal with Amazon's Amazon Web Services for the provision of cloud services. AWS will help the bank in driving its digital transformation and delivery of tailored banking services.

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