The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) is a huge mover today! About 345,663 shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 14.20% since March 11, 2016 and is uptrending. It has outperformed by 8.75% the S&P500.
The move comes after 9 months positive chart setup for the $149.10B company. It was reported on Oct, 14 by Barchart.com. We have $56.55 PT which if reached, will make NYSE:HSBC worth $73.06B more.
Analysts await HSBC Holdings plc (ADR) (NYSE:HSBC) to report earnings on November, 7.
HSBC Holdings plc (ADR) (NYSE:HSBC) Ratings Coverage
Out of 8 analysts covering HSBC Holdings (NYSE:HSBC), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. HSBC Holdings has been the topic of 12 analyst reports since September 30, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the shares of HSBC in a report on Monday, June 27 to “Neutral” rating. As per Thursday, January 14, the company rating was downgraded by Macquarie Research. The company was upgraded on Monday, June 27 by BNP Paribas. The company was downgraded on Tuesday, September 13 by Citigroup. The rating was downgraded by CLSA to “Underperform” on Monday, April 25. As per Thursday, March 24, the company rating was downgraded by Bank of America. The company was downgraded on Tuesday, March 29 by BNP Paribas. The firm has “Underweight” rating by JP Morgan given on Wednesday, January 6. The firm earned “” rating on Wednesday, September 30 by UBS. As per Wednesday, September 14, the company rating was downgraded by UBS.
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.”
More notable recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Businessfinancenews.com which released: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” on June 29, 2016, also Businessfinancenews.com with their article: “HSBC Holdings plc (ADR) 14 Years of Nightmare is Finally Over” published on June 19, 2016, Businessfinancenews.com published: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations” on April 28, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) were released by: Livetradingnews.com and their article: “HSBC Holdings plc (ADR)(NYSE:HSBC) Upward Trend” published on September 07, 2016 as well as Businessfinancenews.com‘s news article titled: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” with publication date: February 11, 2016.
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.
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