HSBC (HSBC) Expected to Announce Quarterly Earnings on Wednesday

HSBC (NYSE:HSBC) is expected to be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect HSBC to post earnings of $1.41 per share and revenue of $13.79 billion for the quarter.

HSBC Stock Performance

Shares of HSBC stock opened at $54.60 on Wednesday. HSBC has a fifty-two week low of $36.93 and a fifty-two week high of $54.80. The stock’s 50-day moving average is $49.88 and its two-hundred day moving average is $46.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $195.57 billion, a P/E ratio of 9.03, a PEG ratio of 1.41 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

About 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.