Brokerage Firm Rating Update on HSBC Holdings plc (HSBC)

HSBC Holdings plc (HSBC) has an average broker rating of 3, which is interpreted as a Hold, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on HSBC Holdings plc (NYSE:HSBC). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 4, 2016.

HSBC Holdings plc (NYSE:HSBC): stock was range-bound between the intraday low of $37.78 and the intraday high of $38.22 after having opened at $38.09 on Wednesdays session. The stock finally closed in the red at $38.09, a loss of -1.25%. The stock remained in the red for the whole trading day. The total traded volume was 3,343,755 shares. The stock failed to cross $38.22 in Wednesdays trading. The stocks closing price on Thursday was $38.33.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.

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