HSBC Holdings PLC (HSBC) Earns Daily Coverage Optimism Score of 0.13
Media headlines about HSBC Holdings PLC (NYSE:HSBC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HSBC Holdings PLC earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.9614790991052 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- HSBC has promoted 2 new heads to run its Wall Street equity capital markets business (finance.yahoo.com)
- HSBC begins payouts to some of small UK firms whose accounts it froze (finance.yahoo.com)
- Form 6-K HSBC HOLDINGS PLC For: Sep 06 – StreetInsider.com (streetinsider.com)
- HSBC joins Bell Pottinger exodus after S. Africa scandal – BBC News (bbc.com)
- Are Options Traders Betting on a Big Move in HSBC Holdings PLC (HSBC) Stock? – Nasdaq (nasdaq.com)
Several brokerages have weighed in on HSBC. Jefferies Group LLC began coverage on HSBC Holdings PLC in a report on Monday. They issued a “buy” rating for the company. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Monday. Finally, BidaskClub cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. HSBC Holdings PLC has an average rating of “Hold” and a consensus price target of $36.00.
Shares of HSBC Holdings PLC (HSBC) traded up 0.84% during trading on Friday, hitting $47.86. The stock had a trading volume of 1,088,444 shares. The company has a market cap of $194.02 billion, a PE ratio of 97.67 and a beta of 0.88. The firm’s 50 day moving average is $48.49 and its 200 day moving average is $44.24. HSBC Holdings PLC has a 1-year low of $36.79 and a 1-year high of $50.86.
HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. The company had revenue of $13.17 billion for the quarter. Equities research analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 4th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.18%. HSBC Holdings PLC’s dividend payout ratio (DPR) is presently 400.01%.
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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