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J.P. Morgan Reaffirms Their Hold Rating on HSBC Holdings (HSBA)

Tipranks - Tipranks - Thu Feb 26, 1:41AM CST

In a report released today, Kian Abouhossein from J.P. Morgan maintained a Hold rating on HSBC Holdings, with a price target of £11.90.

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In addition to J.P. Morgan, HSBC Holdings also received a Hold from Jefferies’s Joseph Dickerson in a report issued today. However, on the same day, Barclays maintained a Buy rating on HSBC Holdings (LSE: HSBA).

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Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion

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