In a report released yesterday, Andrew Coombs from Citi reiterated a Buy rating on HSBC Holdings. The company’s shares closed yesterday at p1,374.20.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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According to TipRanks, Coombs is a 5-star analyst with an average return of 19.2% and a 74.37% success rate. Coombs covers the Financial sector, focusing on stocks such as Barclays, HSBC Holdings, and UBS Group AG.
In addition to Citi, HSBC Holdings also received a Buy from Barclays’s Aman Rakkar in a report issued on May 15. However, yesterday, J.P. Morgan maintained a Hold rating on HSBC Holdings (LSE: HSBA).
Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion
