<div id="readability-page-1"><p><span>HSBC (NYSE:HSBC - Get Free Report)</span> was upgraded by research analysts at Keefe, Bruyette &amp; Woods from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating in a research note issued to investors on Wednesday,Benzinga reports.</p><ul><li>3 International Bank Stocks With Strong Dividends</li></ul><p>Other analysts have also recently issued research reports about the stock. Jefferies Financial Group  reaffirmed a &#34;hold&#34; rating on shares of HSBC in a report on Friday, October 10th. Citigroup  reiterated a &#34;buy&#34; rating on shares of HSBC in a report on Tuesday, October 21st. Bank of America raised HSBC from a &#34;neutral&#34; rating to a &#34;buy&#34; rating in a report on Wednesday, December 10th. Zacks Research upgraded shares of HSBC from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Monday, November 3rd. Finally, Erste Group Bank upgraded HSBC from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned  a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $63.00.</p><p><b>View Our Latest Stock Report on HSBC</b></p><h2>HSBC Price Performance</h2><ul><li>Not Just China: 3 European Stocks Gaining Investor Interest</li></ul><p>HSBC stock traded up $2.08 during trading on Wednesday, hitting $76.74. The stock had a trading volume of 1,354,781 shares, compared to its average volume of 1,917,576. The company's 50-day moving average price is $70.12 and its two-hundred day moving average price is $66.22. HSBC has a twelve month low of $45.66 and a twelve month high of $77.32. The stock has a market capitalization of $263.61 billion, a P/E ratio of 16.17, a PEG ratio of 0.94 and a beta of 0.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.92. </p><p>HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.15. HSBC had a net margin of 12.85% and a return on equity of 12.78%. The firm had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $16.78 billion.  As a group, research analysts predict that  HSBC will post 6.66 EPS for the current fiscal year. </p><h2>Hedge Funds Weigh In On HSBC</h2><ul><li>Lock In Your Profits: These 3 Stocks Are Set to Deliver</li></ul><p>A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of  HSBC by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider's stock valued at $271,438,000 after acquiring an additional 53,072 shares in the last quarter.  Belpointe Asset Management LLC acquired a new position in shares of  HSBC during the first quarter valued at $391,000.  Acadian Asset Management LLC increased its stake in shares of  HSBC by 254.2% during the first quarter. Acadian Asset Management LLC now owns 23,718 shares of the financial services provider's stock valued at $1,362,000 after acquiring an additional 17,021 shares during the period.  ABC Arbitrage SA increased its position in shares of  HSBC by 237.0% during the 2nd quarter. ABC Arbitrage SA now owns 170,779 shares of the financial services provider's stock valued at $10,382,000 after purchasing an additional 120,110 shares during the period.  Finally, Fortis Capital Advisors LLC acquired a new stake in shares of  HSBC in the first quarter valued at $391,000. 1.48% of the stock is owned by hedge funds and other institutional investors. </p><h2>About HSBC</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than HSBC</li><li>Ride Out The Recession With These Dividend Kings </li><li>4 Quantum Stocks to Watch as the Next Computing Revolution Unfolds</li><li>Trading Halts Explained</li><li>Massive Breakout in Industrials: 3 Must-Watch Stocks Now</li><li>What Does a Stock Split Mean? </li><li>3 Tech Stocks Down Over 60%—Which One Is Worth Buying?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhTQkM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhTQkM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in HSBC Right Now?</h2><p>Before you consider HSBC, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.</p><p>While HSBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Keefe, Bruyette & Woods upgraded HSBC's stock rating from "market perform" to "outperform." Other analysts have also issued positive ratings, with HSBC receiving a consensus "Moderate Buy" rating and a target price of $63.00. HSBC's stock price rose to $76.74, with a market cap of $263.61 billion. The company reported strong quarterly earnings, surpassing estimates, and institutional investors have adjusted their stakes in HSBC.</p>

- HSBC was upgraded by Keefe, Bruyette & Woods to an "outperform" rating, with several analysts providing increased ratings, indicating positive market sentiment.  
- The company's stock rose to $76.74, influenced by strong quarterly earnings exceeding expectations and an average target price of $63.00 among analysts.  
- HSBC operates globally and has shown robust growth in institutional ownership, although top analysts suggest other stocks as potentially better investments.

HSBC (NYSE:HSBC) Raised to "Outperform" at Keefe, Bruyette & Woods