Hot Stock Analysis: HSBC Holdings plc (NYSE: HSBC)

On Wednesday, HSBC Holdings plc (NYSE: HSBC) shares price traded between $48.39 and $48.80 during the last trading session above with +0.29% at $48.40. The shares recorded a trading volume 1,309,431 million shares as compared to its average volume of 2,005,968 shares. The company has 20.46B shares outstanding and market value of 187.944B. Over the one year trading period, the stock has a peak price of $55.89 and its down is recorded at $39.63. The short ratio in the stock is 2.43.

LendIt Fintech, one of the world’s leading events in financial services innovation, recently reported that HSBC has been selected as a finalist in the prestigious Most Innovative Bank category for the LendIt Fintech Industry Awards. The Most Innovative Bank category finalists were awarded to banks that demonstrate industry leadership by embracing fintech and innovation to deliver a world class consumer experience.

“We’re honored to be named a finalist and excited that our ambitious retail transformation initiative is garnering attention,” stated Pablo Sanchez, Head of Retail Banking and Wealth Management, HSBC Bank USA, N.A. “Over the last three years we have invested over $130M in our retail banking and wealth management business and have worked tirelessly to position us to be a bank that meets our consumers’ needs and expectations recently and in the future.”

“This year’s finalists are the most innovative companies disrupting the future of finance in order to improve the quality of daily life,” stated Peter Renton, co-founder and co-chairman, LendIt Fintech. “We were yet again impressed by the number of high-caliber nominees and look forward to celebrating these companies that have made impressive contributions to the fintech industry.”

HSBC Holdings plc’s (HSBC) EPS growth ratio for the past five years was -5.80% while Sales growth for the past five years was -6.30%.  Return on investment (ROI) was 5.90%. The stock’s institutional ownership stands at 2.50%.

In 2015, HSBC embarked on a multi-year journey to make it simpler, better and faster for consumers to do business with the company, and easier for HSBC to serve their needs more effectively. The vision to create a seamless cross channel consumer experience that created a distinctive consumer experience to delight consumers has fast become a reality. This includes providing improved security features for consumers through biometrics, such as Voice and Touch ID; 24/7 LiveChat, which provides consumers real-time online chat support to solve any digital banking issues anytime, anywhere; Apple Pay, Android and Samsung Pay; and LiveSign, so consumers can view and accept any product application or important information via email anytime, anywhere.

“We define innovation as ‘doing something differently that creates value’ and we aim to work with partners and platforms who can help us achieve our ambition to deliver a world class consumer experience,” stated Jeremy Balkin, Head of Innovation, HSBC Bank USA, N.A. “To further demonstrate this attitude, we’re revamping our flagship branch at 452 5th Avenue with the recent consumer experience and technology enhancements in the world and hope to replicate this build out to other branches in the near future.”

In the liquidity ratio analysis; HSBC Holdings plc’s debt to equity ratio was 1.27. The company has the institutional ownership of 2.50% while the Beta factor was 0.94. The stock’s RSI amounts to 48.28.

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking sections.

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Stephen Myers: Active Stocks Reporter I am Stephen Myers and I have over 9 years experience in the Active Stocks services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 3641 Broadway Street Hilton Head, SC 29926 Phone:  +(1) 843-689-6179 Email: stephen@valueswire.com

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