ReutersReuters

IBM rises after quantum computing partnership with HSBC shows results

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** Shares of tech firm International Business Machine IBM rise 3.3% to $276.43 premarket

** Co's partnership with London-based HSBC HSBA for trial use of quantum computers to aid bond trading found promising results

** HSBC says the new technology delivered a 34% improvement in predicting how likely a bond trade would be filled at a quoted price

** It marks a rare example of a major finance company finding early benefits from the emerging tech

** Eight of 23 brokerages rate IBM stock "buy" or higher, 12 "hold" and three "sell; median PT is $280

** Up to last close, IBM up 21.7% YTD

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