Newest Rating: HSBC Holdings (NYSE:HSBC) Is Now Covered By One More Research Firm

November 29, 2016 - By Ellis Scott

Newest Rating: HSBC Holdings (NYSE:HSBC) Is Now Covered By One More Research Firm

How Credit Suisse Rates HSBC Holdings (NYSE:HSBC)

Credit Suisse began coverage on shares of HSBC Holdings (NYSE:HSBC) in analysts note published on 29 November. The financial firm issued Neutral rating on HSBC stock.

HSBC Holdings plc (ADR) (NYSE:HSBC) Ratings Coverage

Out of 10 analysts covering HSBC Holdings (NYSE:HSBC), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. HSBC Holdings has been the topic of 15 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Macquarie Research on Thursday, January 14 to “Neutral”. The rating was downgraded by Bank of America on Thursday, March 24 to “Underperform”. The rating was downgraded by Citigroup to “Neutral” on Tuesday, September 13. Bernstein upgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Monday, November 21 to “Market Perform” rating. The firm has “Buy” rating by Bank of America given on Thursday, August 4. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Neutral” rating by UBS on Wednesday, September 14. Citigroup upgraded the stock to “Buy” rating in Tuesday, November 8 report. The company was upgraded on Thursday, November 17 by Natixis. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underperform” rating given on Tuesday, March 29 by BNP Paribas. The firm has “” rating given on Wednesday, September 30 by UBS.

About 378,534 shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 13.92% since April 26, 2016 and is uptrending. It has outperformed by 8.66% the S&P500.

HSBC Holdings plc is the banking and financial services company. The company has a market cap of $154.29 billion. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It has a 61.42 P/E ratio. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

According to Zacks Investment Research, “HSBC HOLDINGS is one of the largest banking and financial services organisations in the world. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.”

HSBC Company Profile

HSBC Holdings plc (HSBC), incorporated on January 1, 1959, is the banking and financial services company. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. The Firm operates in over 70 countries and territories across the world.

More important recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Businessfinancenews.com which released: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations” on April 28, 2016, also Businessfinancenews.com published article titled: “HSBC Holdings plc (ADR) 14 Years of Nightmare is Finally Over”, Businessfinancenews.com published: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” on February 11, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) was released by: Businessfinancenews.com and their article: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” with publication date: June 29, 2016.

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