Nomura Securities Maintains a 'Buy' on HSBC Holdings (HBC); Updward Bias
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Price: $55.69 +0.87%
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
7 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Nomura Securities maintains a 'Buy' on HSBC Holdings (NYSE: HBC), PT 650p.
Analyst, Chintan Joshi, said, "Upward bias to consensus estimates. The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view. On the plus side, full-year consensus expectations are likely to nudge upwards, and there are further signs of cost control. There was good growth in profits and revenues in the emerging markets businesses. Capital ratios have continued to strengthen. On a negative tack, overall business growth remains limited owing to the developed markets, and there were unusually large BSM gains in the quarter. We remain positive towards the shares. We believe the group is both balance sheet and geographically advantaged and that this is worth a valuation premium."
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 $45.07 yesterday.
Analyst, Chintan Joshi, said, "Upward bias to consensus estimates. The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view. On the plus side, full-year consensus expectations are likely to nudge upwards, and there are further signs of cost control. There was good growth in profits and revenues in the emerging markets businesses. Capital ratios have continued to strengthen. On a negative tack, overall business growth remains limited owing to the developed markets, and there were unusually large BSM gains in the quarter. We remain positive towards the shares. We believe the group is both balance sheet and geographically advantaged and that this is worth a valuation premium."
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 $45.07 yesterday.
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