HSBC Holdings plc (ADR) (HSBC) was Downgraded by Credit Agricole to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Agricole advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on HSBC Holdings plc (ADR). HSBC Holdings plc (ADR) was Downgraded by Exane BNP Paribas to ” Underperform” on Mar 29, 2016. HSBC Holdings plc (ADR) was Downgraded by BofA/Merrill to ” Underperform” on Mar 24, 2016. HSBC Holdings plc (ADR) was Downgraded by Investec to ” Hold” on Mar 22, 2016.
HSBC Holdings plc (ADR) closed down -0.05 points or -0.15% at $33.66 with 22,14,448 shares getting traded on Friday. Post opening the session at $33.5, the shares hit an intraday low of $33.44 and an intraday high of $33.779 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.