HSBC Announces Quarterly Earnings Results

HSBC (NYSE:HSBC - Get Free Report) disclosed its quarterly earnings on Wednesday. The financial services company reported earnings per share (EPS) of $1.45 for the quarter, surpassing analyst expectations of $1.41 by $0.04, as reported by Zacks. HSBC also achieved a net margin of 15.70%, along with a return on equity of 10.71%.

Market Performance

On Wednesday, HSBC's stock saw a slight decline of 0.2%, dropping by $0.09 to reach $56.79. During the trading session, a total of 778,648 shares changed hands, which is lower than the average trading volume of 1,437,094 shares. Currently, HSBC has a market capitalization of $203.40 billion, a price-to-earnings (P/E) ratio of 9.38, a price/earnings to growth (PEG) ratio of 1.46, and a beta of 0.54. The stock has experienced fluctuations within a 52-week range, having a low of $36.93 and a high of $57.08. HSBC's liquidity ratios stand at a quick ratio of 0.96 and a current ratio of 0.96, while its debt-to-equity ratio is recorded at 0.52.

Analyst Ratings

In related news, Deutsche Bank Aktiengesellschaft recently adjusted its rating on HSBC, moving it from a "buy" to a "hold" rating in a research report issued on February 3rd.

About HSBC

HSBC Holdings plc is a global financial services provider, offering various banking and financial services worldwide. The company operates through different segments, including Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking segment encompasses retail banking and wealth management services, which involve current and savings accounts, mortgages, personal loans, credit and debit cards, and payment services. Additionally, it provides services related to insurance and investment products, global asset management, and private wealth solutions.

HSBC, Earnings, Finance