HSBC (NYSE:HSBC) Issues Earnings Results, Beats Estimates By $0.04 EPS

HSBC (NYSE:HSBC) issued its earnings results on Wednesday. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04, Zacks reports. HSBC had a return on equity of 10.71% and a net margin of 15.70%.

HSBC Stock Down 0.3 %

NYSE:HSBC traded down $0.18 during mid-day trading on Wednesday, hitting $56.70. The company had a trading volume of 601,069 shares, compared to its average volume of 1,432,164. HSBC has a 1 year low of $36.93 and a 1 year high of $57.08. The firm has a market capitalization of $203.10 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.46 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $50.79 and a 200-day simple moving average of $46.84.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.