HSBC (NYSE:HSBC - Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04, Zacks reports. HSBC had a net margin of 15.70% and a return on equity of 10.71%.
HSBC traded down $0.09 during trading on Wednesday, reaching $56.79. The company had a trading volume of 778,648 shares, compared to its average volume of 1,437,094. The stock has a market cap of $203.40 billion, a P/E ratio of 9.38, a PEG ratio of 1.46 and a beta of 0.54. The business has a 50 day simple moving average of $50.79 and a 200-day simple moving average of $46.84. HSBC has a 52 week low of $36.93 and a 52 week high of $57.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.
Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.
Read Our Latest Stock Report on HSBC
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.
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