HSBC Holdings plc (ADR) (HSBC) was Upgraded by Investec to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Investec advised their investors in a research report released on May 17, 2016.
Many Wall Street Analysts have commented on HSBC Holdings plc (ADR). HSBC Holdings plc (ADR) was Downgraded by Credit Agricole to ” Underperform” on Apr 25, 2016. 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) opened for trading at $31 and hit $31.2468 on the upside on Monday, eventually ending the session at $31.18, with a gain of 1.20% or 0.37 points. The heightened volatility saw the trading volume jump to 21,84,847 shares. Company has a market cap of $122,756 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.