Published on 28 Sep 2022 on Zacks via Yahoo Finance
HSBC (HSBC) Stock Sinks As Market Gains: What You Should Know
HSBC (HSBC) closed the most recent trading day at $26.58, moving -0.37% from the previous trading session. This change lagged the S&P 500's 1.97% gain on the day. Meanwhile, the Dow gained 1.88%, and the Nasdaq, a tech-heavy index, added 0.25%.
Coming into today, shares of the bank had lost 13.71% in the past month. In that same time, the Finance sector lost 9.76%, while the S&P 500 lost 9.93%.
HSBC will be looking to display strength as it nears its next earnings release. In that report, analysts expect HSBC to post earnings of $1.08 per share. This would mark year-over-year growth of 27.06%. Meanwhile, our latest consensus estimate is calling for revenue of $13.58 billion, up 11.31% from the prior-year quarter.