J.P. Morgan Sticks to Its Hold Rating for HSBC Holdings (HSBA)
In a report released yesterday, Kian Abouhossein from J.P. Morgan maintained a Hold rating on HSBC Holdings. The company’s shares closed today at p1,262.80.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Abouhossein covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and HSBC Holdings. According to TipRanks, Abouhossein has an average return of 23.4% and a 69.41% success rate on recommended stocks.
In addition to J.P. Morgan, HSBC Holdings also received a Hold from TipRanks – DeepSeek’s DeepSeek Financial GB in a report issued yesterday. However, today, TipRanks – Google reiterated a Buy rating on HSBC Holdings (LSE: HSBA).
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
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSBA in relation to earlier this year.
Read More on GB:HSBA:
Disclaimer & DisclosureReport an Issue
- HSBC Asia Co-Chief Executive Surendra Rosha Sells HK$43 Million in Shares
- HSBC price target raised to 1,200 GBp from 1,050 GBp at RBC Capital
- HSBC Names Dame Carolyn Fairbairn as Next Chair of HSBC UK Bank
- HSBC Updates Base Prospectus Supplement to Support Global Debt Issuance
- HSBC Confirms Share Capital and Voting Rights Total for Regulatory Disclosure
