Rating to Follow: Credit Suisse Will Now Analyze HSBC Holdings plc (NYSE:HSBC)

November 29, 2016 - By Winifred Garcia

Rating to Follow: Credit Suisse Will Now Analyze HSBC Holdings plc (NYSE:HSBC)

How Credit Suisse Rates HSBC Holdings plc (NYSE:HSBC)

Credit Suisse issued Neutral rating on HSBC Holdings plc (NYSE:HSBC). The firm started coverage on shares of HSBC in a report issued to investors and clients 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. BNP Paribas upgraded the stock to “Neutral” rating in Monday, June 27 report. The firm has “” rating given on Wednesday, September 30 by UBS. Bank of America downgraded the shares of HSBC in a report on Thursday, March 24 to “Underperform” rating. The stock has “Underperform” rating given by CLSA on Monday, April 25. BNP Paribas downgraded the stock to “Underperform” rating in Tuesday, March 29 report. The company was upgraded on Monday, November 21 by Bernstein. The rating was upgraded by Natixis on Thursday, November 17 to “Neutral”. The rating was downgraded by Macquarie Research on Thursday, January 14 to “Neutral”. The firm earned “Neutral” rating on Wednesday, September 14 by UBS. As per Wednesday, January 6, the company rating was downgraded by JP Morgan.

About 679,921 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 $154.45 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 61.48 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 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 the news titled: “HSBC Holdings plc (ADR) 14 Years of Nightmare is Finally Over” on June 19, 2016. Businessfinancenews.com‘s news article titled: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” with publication date: February 11, 2016 was also an interesting one.

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