The company's fundamentals are relatively stable. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Hold. Despite an average stock market performance, the company shows strong technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, maintaining historical and operational ties to East Asia alongside a multinational presence. As of September 2024, it ranks as the largest Europe-based bank by total assets, surpassing BNP Paribas, with assets amounting to US$3.098 trillion. This positions HSBC as the 7th largest bank globally, following Bank of America, and as the 3rd largest non-state-owned bank worldwide.
By 2021, HSBC reported $10.8 trillion in assets under custody and $4.9 trillion in assets under administration.
The bank's origins can be traced back to a hong trading house established in British Hong Kong. It was founded in 1865 in Hong Kong, with branch openings in Shanghai during the same year, and was formally incorporated in 1866. In 1991, the current parent entity, HSBC Holdings plc, was formed in London, turning the historic Hong Kong-based bank from which it derived its name into a wholly-owned subsidiary. The following year, HSBC acquired Midland Bank, making it one of the largest domestic banks in the United Kingdom.
Today, HSBC operates offices, branches, and subsidiaries across 62 countries and territories throughout Africa, Asia, Oceania, Europe, North America, and South America, serving approximately 39 million customers. HSBC maintains a dual primary listing on the Hong Kong Stock Exchange and the London Stock Exchange, being a constituent of both the Hang Seng Index and the FTSE 100 Index, with additional listings on the New York Stock Exchange and the Bermuda Stock Exchange.
The company's current financial score is 4.53, which is lower than the Banking Services industry's average of 7.05. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 17.63B, representing a year-over-year increase of 7.18%, while its net profit experienced a year-over-year increase of 20.56%.
Key Metrics
The company’s current valuation score is 6.93, which is lower than the Banking Services industry's average of 7.67. Its current P/E ratio is 14.77, which is 2.44% below the recent high of 15.13 and 65.29% above the recent low of 5.13.
The company’s current earnings forecast score is 6.00, which is lower than the Banking Services industry's average of 7.39. The average price target for HSBC Holdings PLC is 77.72, with a high of 77.72 and a low of 77.72.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 9.18, which is higher than the Banking Services industry's average of 7.28. Sideways: Currently, the stock price is trading between the resistance level at 73.58 and the support level at 66.02, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 3.00, which is lower than the Banking Services industry's average of 5.27. The latest institutional shareholding proportion is 2.26%, representing a quarter-over-quarter increase of 2.91%. The largest institutional shareholder is Ken Fisher, holding a total of 17.04M shares, representing 0.50% of shares outstanding, with 1.00% increase in holdings.
There is no risk assessment score for the company; the Banking Services industry's average is 6.60. The company's beta value is 0.62. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
