Revenue Update on HSBC Holdings plc (ADR)(NYSE:HSBC)

HSBC Holdings plc (ADR)(NYSE:HSBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $11.24B. Analysts estimated a revenue of $57.61B. Earnings per share were $0.12.

In a different note, On Jun 27, 2016, BNP Paribas said it Upgrades its rating on HSBC Holdings plc (ADR). The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, JP Morgan said it Upgrades its rating on HSBC Holdings plc (ADR). The shares have been rated ‘Neutral’ by the firm.

HSBC Holdings plc (ADR) (HSBC) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.14% at a volume of 14,02,785. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.31. The peak price level was also seen at $35.31 while the days lowest was $35.135. Finally the shares closed at $35.25. The 52-week high of the shares is $43.95 while the 52-week low is $28.62. According to the latest information available, the market cap of the company is $139,682 M.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company’s 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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