Published on 20 Sep 2022 on Zacks via Yahoo Finance
HSBC (HSBC) Stock Moves -0.49%: What You Should Know
HSBC (HSBC) closed the most recent trading day at $30.39, moving -0.49% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.13%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Coming into today, shares of the bank had lost 3.72% in the past month. In that same time, the Finance sector lost 5.01%, while the S&P 500 lost 7.59%.
HSBC will be looking to display strength as it nears its next earnings release. On that day, HSBC is projected to report earnings of $1.08 per share, which would represent year-over-year growth of 27.06%. Our most recent consensus estimate is calling for quarterly revenue of $13.58 billion, up 11.31% from the year-ago period.