Today’s Rating Change: Will Credit Suisse New Ratings Coverage Help HSBC Holdings (NYSE:HSBC) Stock Today?

November 29, 2016 - By Ruchi Gupta

Today's Rating Change: Will Credit Suisse New Ratings Coverage Help HSBC Holdings (NYSE:HSBC) Stock Today?

How Credit Suisse Rates HSBC Holdings (NYSE:HSBC)

Stock research analysts at Credit Suisse has “Neutral” rating on HSBC Holdings (NYSE:HSBC). The firm started coverage on HSBCin an analyst report revealed 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. The firm has “” rating by UBS given on Wednesday, September 30. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Underperform” rating by CLSA on Monday, April 25. Bernstein upgraded the shares of HSBC in a report on Monday, November 21 to “Market Perform” rating. The company was upgraded on Monday, June 27 by BNP Paribas. The firm has “Buy” rating by Bank of America given on Thursday, August 4. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Underweight” rating by JP Morgan on Wednesday, January 6. The firm earned “Neutral” rating on Tuesday, September 13 by Citigroup. BNP Paribas downgraded the stock to “Underperform” rating in Tuesday, March 29 report. The rating was upgraded by Natixis to “Neutral” on Thursday, November 17. JP Morgan upgraded the shares of HSBC in a report on Monday, June 27 to “Neutral” rating.

About 172,803 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 $154.37 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 61.45 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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