Media stories about HSBC Holdings PLC (NYSE:HSBC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. HSBC Holdings PLC earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.5036896167794 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- HSBC Names Jayant Rikhye as New India Chief Executive Officer (bloomberg.com)
- HSBC names Jayant Rikhye as India CEO (finance.yahoo.com)
- HSBC to Participate in Money20/20 Conference – Business Wire (press release) (businesswire.com)
- Jurоrs Tо Weigh Fraud Charges Against Ex-HSBC Executive (newscame.com)
HSBC Holdings PLC (HSBC) opened at 49.54 on Monday. The stock has a market capitalization of $200.83 billion, a PE ratio of 101.10 and a beta of 0.87. The firm has a 50-day moving average of $48.95 and a 200-day moving average of $46.02. HSBC Holdings PLC has a one year low of $36.93 and a one year high of $50.86.
HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $13.17 billion during the quarter. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. On average, equities research analysts forecast that HSBC Holdings PLC will post $2.95 earnings per share for the current year.
HSBC has been the subject of several analyst reports. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC initiated coverage on shares of HSBC Holdings PLC in a report on Monday, September 4th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.00.
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HSBC Holdings PLC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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