HSBC (HSBC) Posts Earnings Results, Meets Estimates

HSBC (NYSE:HSBC) issued its quarterly earnings results on Monday. The financial services provider reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95, MarketWatch Earnings reports. The firm had revenue of $13.84 billion for the quarter.

HSBC traded up $0.35 during trading on Tuesday, reaching $40.53. 124,933 shares of the company were exchanged, compared to its average volume of 3,513,110. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.96. HSBC has a 12-month low of $38.23 and a 12-month high of $55.89.

A number of brokerages recently issued reports on HSBC. Zacks Investment Research cut HSBC from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Citigroup cut HSBC from a “buy” rating to a “neutral” rating in a report on Monday, October 22nd. JPMorgan Chase & Co. raised HSBC from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 10th. Royal Bank of Canada cut HSBC from a “sector perform” rating to an “underperform” rating in a report on Tuesday, October 23rd. Finally, Societe Generale cut HSBC from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. HSBC presently has an average rating of “Hold”.

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Earnings History for HSBC (NYSE:HSBC)

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