Rating Flow: Is HSBC Holdings PLC (ADR) (NYSE:HSBC) Worth Your Time? Credit Suisse Thinks So

November 29, 2016 - By Ruchi Gupta

Rating Flow: Is HSBC Holdings PLC (ADR) (NYSE:HSBC) Worth Your Time? Credit Suisse Thinks So

How Credit Suisse Rates HSBC Holdings PLC (ADR) (NYSE:HSBC)

Professional analysts at Credit Suisse has started coverage on HSBC Holdings PLC (ADR) (NYSE:HSBC) with “Neutral” rating. This was released in a report on 29 November.

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 stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Market Perform” rating by Bernstein on Monday, November 21. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Buy” rating given on Tuesday, November 8 by Citigroup. The rating was downgraded by Citigroup on Tuesday, September 13 to “Neutral”. The company was upgraded on Wednesday, September 30 by UBS. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underweight” rating given on Wednesday, January 6 by JP Morgan. Macquarie Research downgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Thursday, January 14 to “Neutral” rating. The firm has “Neutral” rating given on Wednesday, September 14 by UBS. The firm earned “Underperform” rating on Tuesday, March 29 by BNP Paribas. Morgan Stanley downgraded the shares of HSBC in a report on Monday, February 8 to “Underweight” rating. The company was downgraded on Monday, April 25 by CLSA.

The stock increased 0.46% or $0.18 during the last trading session, hitting $39.31. About 1.19 million 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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