Nomura Securities Reiterates a 'Buy' on HSBC Holdings (HBC); Continued Attractive Product Mix

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Nomura Securities reiterates a 'Buy' on HSBC Holdings (NYSE: HBC). PT 650 pence.

Analyst, Chintan Joshi, said, "Reiterate Buy within the context of European banks...We upgrade our 2013 and 2014 earnings forecasts by 5%. The business is continuing to deliver an attractive mix of mature and emerging market growth (60% of group PBT is generated from Asia), without the sovereign and economic risks associated with peripheral Europe."

For an analyst ratings summary and ratings history on HSBC Holdings click here. For more ratings news on HSBC Holdings click here.

Shares of HSBC Holdings closed at $41.06 yesterday, with a 52 week range of $35.72-$52.59.

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