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…
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