Million

Yield

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>HSBC stock price experienced a slightly bullish market trend last week.</a> </li> 
 <li> <span>2</span> <a>In the monthly price performance, HSBC stock also showed a bullish trend.</a> </li> 
</ul> 
<p>HSBC Holdings (HSBC) stock price has shown increased bulls activity after the release of recent Q2 2023 results. In weekly price performance, HSBC stock rose 0.39% while adding $0.16 to its trading price. Meanwhile, in the recent month, HSBC stock showed over 4% price rise which further showed more than 28% surge in year-to-date (YTD) price analysis.</p> 
<h2 class="wp-block-heading" id="strong-hsbc-stock-price-analysis-strong"><strong>HSBC Stock Price Analysis</strong></h2> 
<p>In the recent trading session, HSBC Holdings (HSBC) stock price opened at $41.03, marked a high at $41.03, and then closed at $40.79 on August 9, 2023. Notably, the 52-week high of HSBC share was noted at $42.46 which was marked with the support of the bullish trend.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/cnDva6jpJAp6gUFIyCgbdMwUyxAX2LRYTpS0HeTA41dPPD8B1-abgEz5RPiOuoFw7IGBx7nmx-u2XLUjfl5ciZbI7XwDR6bQe08szOJwpDEZVQfD2XbwDhzEq7YFvLSYmUbYrs7NbI8iN2HY8niZIQ" alt="HSBC Stock Crafts Rising Graph in Monthly Price Performance"> 
  <figcaption class="wp-element-caption"> <strong>Source: HSBC/USD by </strong><a href="https://www.tradingview.com/x/Sv3SY0Me/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>The recent price performance of the stock is nearing its 20-day moving average while making a rising graph. However, the RSI of HSBC share slid downwards whereas the pre-market price of the stock showed a slight price drop. The stock has experienced nearly 1 Million average volume while mostly showing bulls’ dominance.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/wNbmY5CjseJHjuYCF0UH7ifB2_QiDcEiz5eHPYj8S6ayHT7N-4brh78BQVTev6xUuIyn9hFg_Fgs3fhxu4nG94KAw_ivjpuxz4wFYZ4HfUXM7uFDhFm-ceaxh2nZoQycYz6_qCJqaniXsITct1QsSg" alt="HSBC Stock Crafts Rising Graph in Monthly Price Performance" style="width: 100%;height:504px" width="1146" height="504"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of HSBC Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>The one-year price target set by analysts is showing at $49.31, up by over 20% from the recent closing of HSBC <a href="https://www.thecoinrepublic.com/2023/07/31/will-brk-a-stock-price-rise-more-ahead-in-q2-2023-report/" rel="noopener noreferrer nofollow">stock</a>. The maximum estimate of analysts is resting at $52.92 while the minimum estimate is $45.70. Meanwhile, in the past three months, analysts have given a “buy” rating to HSBC Holdings.</p> 
<h3 class="wp-block-heading" id="strong-the-fundamentals-of-hsbc-holdings-strong"><strong>The Fundamentals of HSBC Holdings</strong></h3> 
<p>HSBC Holdings plc (NYSE: HSBC), a British universal bank and financial services group, has a market cap of nearly $159.43 Billion. Earlier this week, the company released its Q2 2023 results that state its net income is $6.64 Billion. HSBC dividends are paid quarterly while the last dividend per share was $0.50 and as of August 10th, the Dividend Yield (TTM)% is 5.10%.</p> 
<p>HSBC earnings per share (EPS) for Q2 2023 is $1.73 whereas the estimation was $1.59 which accounts for an 8.47% surprise. The revenue for the same period amounts to $16.95 Billion despite the estimated figure of $15.85 Billion. For upcoming quarter results, the estimated EPS is $1.48 and the revenue is expected to reach $16.40 Billion.</p> 
<p>In the previous year, the revenue of HSBC Holdings PLC reached $55.34 Billion. Out of which, $22.20 Billion came from its highest performing source at the moment, “wealth and personal banking”. Moreover, the greatest contribution to the revenue figure was made by Hong Kong which last year brought HSBC Holdings PLC to $15.89 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

HSBC Stock Crafts Rising Graph in Monthly Price Performance

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Thecoinrepublic.com

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