Media stories about HSBC (NYSE:HSBC) have been trending very negative on Tuesday, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. HSBC earned a media sentiment score of -3.10 on their scale. InfoTrie also gave news coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected HSBC’s analysis:
- HSBC reported to plan 10,000 job cuts globally – Washington Post (washingtonpost.com)
- HSBC’s reported job cuts signal that banks are struggling to find their postcrisis footing – MarketWatch (marketwatch.com)
- Eagles Soar To First At HSBC Glendale 7s Oct 7, 2019 – FloRugby (florugby.com)
- HSBC: Rumors Leave Bankers Concerned – finews.com (finews.com)
- HSBC planning to axe 10,000 jobs in cost-cutting drive: FT – Yahoo Finance (finance.yahoo.com)
Shares of HSBC stock traded down $0.55 during trading hours on Tuesday, reaching $36.61. The company’s stock had a trading volume of 101,542 shares, compared to its average volume of 2,437,050. The stock has a market capitalization of $150.72 billion, a P/E ratio of 11.62, a P/E/G ratio of 7.18 and a beta of 0.71. HSBC has a one year low of $35.35 and a one year high of $44.93. The firm’s fifty day simple moving average is $37.21 and its 200 day simple moving average is $40.35. The company has a current ratio of 0.89, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63.
HSBC (NYSE:HSBC) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.10). The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $14.03 billion. HSBC had a return on equity of 7.16% and a net margin of 24.96%. As a group, equities research analysts forecast that HSBC will post 3.62 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on HSBC shares. ValuEngine upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered HSBC from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Jefferies Financial Group lowered HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Barclays lowered HSBC from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.80.
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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