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Citi has told investors that concerns over UK politics and Chinese regulation weighing on the country's banks should now begin to ease, allowing attention to return to what it calls impressive return trajectories. In its summer 2026 big-picture note on the sector, the bank said it remained constructive on UK bank fundamentals, citing net interest margin expansion and high-volume growth.

Arm Holdings Plc (NASDAQ:ARM) stock fell Tuesday after HSBC downgraded the stock, adding to pressure from a broader pullback in AI and semiconductor stocks as investors took profits in richly valued names.

Arm Holdings shares fell more than 6% on Tuesday after HSBC downgraded the chip designer to Hold, saying foundry capacity constraints are likely to limit earnings upside despite the company's strong long-term growth prospects. The brokerage still raised its price target to $315 from $255.

HSBC has downgraded AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) to 'hold' from 'buy', arguing that a recent trial failure has removed the central pillar of its bull case and left a tougher path ahead. The bank cut its target price to 13,750p from 16,500p, implying limited upside.

On July 10, 2026, HSBC Holdings PLC (HSBC) shares rose 1.1% to a current price of $99.09. The stock has experienced a 52-week range between $60.61 and $99.47, r