HSBC Holdings plc (ADR) (HSBC) is Downgraded by Citigroup to Neutral

HSBC Holdings plc (ADR) (HSBC) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on HSBC Holdings plc (ADR). HSBC Holdings plc (ADR) was Upgraded by JP Morgan to ” Neutral” on Jun 27, 2016. HSBC Holdings plc (ADR) was Upgraded by Exane BNP Paribas to ” Neutral” on Jun 27, 2016.

HSBC Holdings plc (ADR) closed down -0.18 points or -0.47% at $38 with 2,540,682 shares getting traded on Monday. Post opening the session at $37.42, the shares hit an intraday low of $37.35 and an intraday high of $38.06 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

HSBC Holdings plc (ADR)

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