Ultime notizie per HSBC Holdings (NYSE:HSBC) Azioni

HSBC Holdings

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates across 64 countries with around 220,000 full-time staff. Key regions include Asia, Europe, the Middle East and North Africa, and North America. The United Kingdom and Hong Kong are the two largest markets for the bank. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.

HSBC Holdings PLC

HSBC HOLDINGS ADR REP 5 ORD

HSBC APAC EX JAP SUSTAINABLE ETY ETF

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B of A Securities analyst Eli Abboud maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Underperform and lowers the price target from $193 to $185.

News

Price Target

Analyst Ratings

MKTX

B of A Securities Maintains Underperform on MarketAxess Holdings, Lowers Price Target to $185

TD Securities analyst Brian Morrison maintains Aritzia (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ATZ#TSX">ATZ</a>) with a Buy and raises the price target from C$50 to C$60.

TSX:ATZ

TD Securities Maintains Buy on Aritzia, Raises Price Target to C$60

Wells Fargo analyst Joseph Quatrochi maintains MKS Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) with a Equal-Weight and lowers the price target from $120 to $110.

MKSI

Wells Fargo Maintains Equal-Weight on MKS Instruments, Lowers Price Target to $110

B of A Securities analyst Craig Siegenthaler maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy and raises the price target from $168 to $175.

B of A Securities Maintains Buy on Intercontinental Exchange, Raises Price Target to $175

Wells Fargo analyst Joseph Quatrochi maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Equal-Weight and lowers the price target from $1000 to $880.

LRCX

Wells Fargo Maintains Equal-Weight on Lam Research, Lowers Price Target to $880

B of A Securities analyst Wamsi Mohan reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Buy and maintains $256 price target.

Reiteration

AAPL

B of A Securities Reiterates Buy on Apple, Maintains $256 Price Target

WIIM

National Grid Transco shares are trading lower after Citigroup downgraded the stock from Buy to Neutral.

Wells Fargo analyst Joseph Quatrochi maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Overweight and lowers the price target from $950 to $870.

KLAC

Wells Fargo Maintains Overweight on KLA, Lowers Price Target to $870

Macro Economic Events

Economics

Federal Reserve

Fed's Goolsbee Says There Has Been A 'Partisanization' Of Consumer Confidence Readings, Making Them Less Informative For Consumer Spending

Wells Fargo analyst Joseph Quatrochi maintains Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) with a Overweight and lowers the price target from $260 to $235.

AMAT

Wells Fargo Maintains Overweight on Applied Mat, Lowers Price Target to $235

With gold prices reaching a new peak of $2,653.98 per troy ounce, marking a significant year-to-date surge of 28.71%, investors understandably turn their attention to the gold market and the companies poised to benefit from this upward trend. As a traditional safe haven investment, gold often attracts investors seeking to hedge against inflation and economic uncertainty. The current surge in demand, driven by central banks and investors seeking portfolio diversification, has further fueled interest in this sector. Barrick Gold (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), a leading gold mining company, is at the forefront of this industry, presenting a compelling investment opportunity for those seeking exposure to the precious metal.
<h2>Strong Financials, A Steady Foundation</h2>
Barrick Gold&#39;s financial performance underscores its solid standing in the gold mining industry. The company recently reported a 20.11% increase in quarterly revenue compared to the same period last year, signaling strong growth and financial health. This financial performance, coupled with a significant market capitalization of around $36 billion, positions Barrick Gold favorably to capitalize on the positive trends in the gold market. Furthermore, Barrick Gold&#39;s debt-to-equity ratio (D/E), currently at a healthy 0.15, demonstrates responsible debt management, a key factor for investors concerned about financial risk. This strong financial foundation creates a solid base for potential future growth and makes Barrick Gold a more attractive investment for those seeking exposure to the gold market.
<h2>A Look at Barrick Gold&#39;s Share Price</h2>
Despite the recent surge in gold prices, the gold market remains inherently volatile, which presents opportunities and challenges for investors in gold mining companies like Barrick Gold. While the recent 52-week high of $21.21 reflects a favorable period for the stock, it has also dipped to a low of $13.76, showcasing the potential for significant fluctuations. Barrick Gold&#39;s share price has shown resilience, with a one-year performance of +39.79% and a year-to-date gain of +12.44%.&nbsp;
For investors considering Barrick Gold, this volatility necessitates carefully assessing their risk tolerance and investment goals. While the company&#39;s solid financials and the favorable gold market present opportunities, price fluctuations in Barrick Gold&#39;s stock price underscore the importance of a long-term perspective and a thorough understanding of the potential risks. While Barrick Gold&#39;s share price has demonstrated resilience, the short-term fluctuations highlight the need for a disciplined investment approach, potentially using strategies like dollar-cost averaging or focusing on longer-term holding periods.
<h2>Central Banks Fuel a Gold Rush, Boosting Barrick Gold&#39;s Prospects</h2>
The gold market is experiencing increased demand from investors seeking portfolio diversification and a safe haven asset, and there is a significant appetite for gold among central banks. This trend, mainly driven by China, is a key factor fueling the strength of the gold market. In 2023 alone, China purchased 1,037 tonnes of gold, a substantial amount, further solidifying its position as the world&#39;s largest gold holder. The first quarter of 2024 saw even more aggressive buying by central banks, marking the fourth-strongest quarter of purchases since 2022.
This growing demand from central banks underscores the increasing perception of gold as a safe haven asset, a trend that could continue to drive gold prices higher in the coming months and years. This surge in demand, combined with the existing strong appetite from investors, creates a favorable backdrop for gold mining companies like Barrick Gold. As a leading gold producer with a solid financial foundation and ambitious growth strategies, Barrick Gold is well-positioned to capitalize on this trend, potentially benefiting from higher gold prices and increasing investor interest.
<h2>A Growth Trajectory: Expansion and Sustainability</h2>
Barrick Gold is focused on maximizing its current performance and actively investing in its future growth through strategic expansion projects and a commitment to sustainable mining practices. This dual focus strengthens the company&#39;s appeal to investors seeking long-term value and a responsible approach to mining.
The company is pursuing several significant projects designed to increase production capacity significantly. These include the Goldrush mine in Nevada, projected to reach an annual output of over 400,000 ounces by 2028, and the Fourmile project, which has the potential for annual production in excess of 500,000 ounces over two decades. These expansion efforts showcase Barrick Gold&#39;s commitment to future growth, potentially leading to higher production levels and increased profitability.
Barrick Gold&#39;s dedication to sustainable mining practices further solidifies its commitment to responsible operations. The company has developed an innovative biodiversity tool designed to assess its impact on biodiversity across its operations. This tool provides tangible metrics that inform actionable conservation strategies and helps Barrick Gold measure its performance against concrete goals. This proactive approach, combined with the company&#39;s commitment to local communities and economic development, reinforces its image as a responsible and forward-thinking company.
<h2>A Balanced Perspective: Time to Buy?</h2>
Barrick Gold presents a compelling opportunity for those seeking exposure to the gold market. The company&#39;s strong financial foundation and commitment to growth and sustainability position it favorably to capitalize on the strong global demand for gold. The positive trends in the gold market, fueled by factors like central bank purchases and increasing investor interest, are creating a favorable environment for gold mining companies like Barrick Gold.
Considering Barrick Gold&#39;s current position, strategies like dollar-cost averaging or focusing on long-term holding periods could be considered. Ultimately, Barrick Gold offers a solid investment opportunity with potential for growth and long-term value for those seeking exposure to the gold market.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/ready-for-growth-barrick-gold-stock-could-be-the-answer/">Ready for Growth? Barrick Gold Stock Could Be the Answer</a>&quot; first appeared on MarketBeat.

Large Cap

Events

Markets

Trading Ideas

GOLD

Ready for Growth? Barrick Gold Stock Could Be the Answer

Deutsche Bank analyst James Shin reiterates Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) with a Buy and maintains $1025 price target.

Deutsche Bank Reiterates Buy on Eli Lilly, Maintains $1025 Price Target

When moving funds from a 401(k) to an <a href="https://www.benzinga.com/personal-finance/24/09/40677521/54-year-old-woman-with-no-401-k-and-only-12-000-in-savings-seeks-suze-ormans-advice-orman-says-p">individual retirement account (IRA)</a>, many investors unintentionally leave their money in cash, a costly mistake that often goes unnoticed. A recent Vanguard study shows that many Americans unintentionally leave their IRA funds in cash after a rollover. When this happens, they miss out on potential growth.&nbsp;
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<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
When money sits in cash or a money market fund for too long, it suffers from what experts call a "cash drag." Your money isn't working as hard as it could be. Instead of earning returns through investments like stocks or bonds, it's parked in a low-yield cash account. This might feel safe but isn't a good long-term strategy, especially when <a href="https://www.benzinga.com/personal-finance/24/09/40969826/people-who-dont-save-enough-for-retirement-think-working-longer-will-help-but-experts-warn-this-">saving for retirement</a>.&nbsp;
Vanguard's research shows that 68% of investors who roll their 401(k) into an IRA end up holding cash unintentionally.&nbsp;
Andy Reed, head of investor behavior research at <a href="https://www.benzinga.com/markets/equities/24/07/40031326/how-a-phone-call-with-vanguard-founder-jack-bogle-transformed-bob-pisanis-perspective-and-revolu">Vanguard</a>, calls this a "billion-dollar blind spot" and says, "Many IRA holders want to invest their retirement savings in the stock market and think they're invested following a rollover. In reality, they're sitting in money market funds."&nbsp;
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Why does this happen?&nbsp;
A big reason people end up with cash sitting in their IRA is simply confusion. Vanguard found that nearly half investors often go into target-date funds. But IRAs don't work that way. When you roll over funds into an IRA, you must decide where that money goes. Without you making that decision, the funds will just sit in cash.&nbsp;
This isn't just limited to novice investors. Vanguard's research found that 77% of rollover investors had prior experience with investment accounts but still left their rollover accounts in cash.&nbsp;
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Another reason people leave their money in cash is that the options in an IRA can be overwhelming. While a 401(k) usually offers limited funds, an IRA opens the doors to thousands of choices – stocks, mutual funds, bonds, and more. Many options like this make it difficult to decide what to do with the account. According to Vanguard, 25% of investors felt overwhelmed by these choices.&nbsp;
"Choice overload is a real risk for IRA investors," said Nathan Zahm, head of client experience alpha at Vanguard. "Easing the mental burden by curating options or offering advice can greatly help investors who might otherwise stay in cash forever. Better yet, a policy change allowing target-date funds to be a default option could solve this problem at scale."
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
Holding cash for a short period, say, while you're <a href="https://www.benzinga.com/personal-finance/24/05/39088057/warren-buffett-says-he-knows-in-5-minutes-if-an-investment-is-worth-it">deciding on investments</a>, might be fine. But leaving large amounts of cash for months or years is almost always a mistake. Cash doesn't grow at the same rate as investments like stocks, and inflation can erode its value over time.&nbsp;
The good news is that this is an easy mistake to fix. Check your IRA to see if your funds are still in cash. If they are, take action by looking into investment options that align with your long-term retirement goals. Move it around and make sure your money is working for you.&nbsp;
If you're overwhelmed by the choices, don't hesitate to seek professional advice. <a href="https://www.benzinga.com/money/best-online-financial-advisors">Financial advisors</a> can help guide you through the process and ensure that you're not leaving money on the table by keeping it in cash.
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<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Personal Finance

'Billion-Dollar Blind Spot': Why 401(k)-to-IRA Rollovers Often Lead To Costly Cash Mistakes

Looking into the current session, Moodys Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) shares are trading at $467.97, after a 0.47% drop. Over the past month, the stock decreased by 3.28%, but over the past year, it actually increased by 47.57%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727975712_0.png" alt="Past Year Chart" />

<h3>How Does Moodys P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 42.89 in the Capital Markets industry, Moodys Inc. has a higher P/E ratio of 46.46. Shareholders might be inclined to think that Moodys Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727975712_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Moodys

Wells Fargo analyst Joe Quatrochi maintains Advanced Energy Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEIS#NASDAQ">AEIS</a>) with a Equal-Weight and lowers the price target from $103 to $98.

AEIS

Wells Fargo Maintains Equal-Weight on Advanced Energy Indus, Lowers Price Target to $98

Global

MSFT

U.S. Justice Department Says It Disrupts Russian Intelligence Spear-Phishing Efforts; Actions Were Coordinated With Concurrent Actions By Microsoft

- WBEZ Interview
 &nbsp;

Fed's Goolsbee Says 25 BPs Vs 50 BPs Cut Is Not As Important As Getting Rates Down Over Next 12 Months By A Lot, To Get To Neutral

Goldman Sachs analyst Alexander Blostein maintains Tradeweb Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>) with a Buy and raises the price target from $128 to $136.

Goldman Sachs Maintains Buy on Tradeweb Markets, Raises Price Target to $136

<a href="https://www.benzinga.com/general/politics/24/10/41141742/will-the-vp-debate-influence-the-trump-vs-harris-race-3-prediction-market-takeaways">Election betting odds</a> for the 2024 U.S. Presidential race have shifted as both Donald Trump and Kamala Harris are now tied at 49% each, according to data from Polymarket.
What Happened: The market for &#8220;Presidential Election Winner 2024&#8221; <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1727952505378">shows</a> Donald Trump and Kamala Harris neck-and-neck, with both candidates exactly tied at 49.6% at the time of writing.
The total trading volume for this market has reached $1,182,629,247, with a slightly higher trading volume on Trump at $227,554,157, compared to that of Kamala Harris at $224,541,792.
The former President has closed the gap the Vice President <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">opened up</a> following the Sep.10 debate.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41163889/save-ross-ulbricht-how-donald-trump-got-interested-in-the-imprisoned-silk-road-founder">&#8216;Save Ross Ulbricht!&#8217; How Donald Trump Got Interested In The Imprisoned Silk Road Founder</a>
How Whales Are Positioned: One of the biggest bettors on Polymarket, &#8220;Fredi9999,&#8221; has several <a href="https://polymarket.com/profile/0x1f2dd6d473f3e824cd2f8a89d9c69fb96f6ad0cf">notable</a> long positions on Trump in various bets.
This trader holds over 7 million shares on Trump winning the 2024 Presidential election, representing an investment of almost $3.5 million. They also bought shares in the following markets:
<ul>
<li>781,918 shares of a Republican to win the state of Pennsylvania, worth $402,687.83.</li>
<li>1,649,050 shares of Trump to win the popular vote, worth $391,649.38.</li>
<li>554,549 shares of no Democrat winning the state of Pennsylvania, worth $285,592.55.</li>
<li>478,464 shares of Kamala Harris not winning the popular vote, worth $117,462.85.</li>
</ul>
In total, the trader has so far invested $5 million in various election bets.
In contrast, another prominent trader, &#8220;markitzero,&#8221; is heavily <a href="https://polymarket.com/profile/0xb0a98580b05a323df0c3bce5b1e89a346e53dd8d">invested</a> in Kamala Harris.
This trader holds 4.59 million shares of Kamala Harris winning the election, valuing their position at over $2.26 million. They also bought shares in the following markets:
<ul>
<li>2,428,389 shares of Trump not winning, worth $1,225,122.42.</li>
<li>240,822 shares of a Democrat winning the state of North Carolina, worth $102,349.28.</li>
<li>179,638 shares of a Democrat winning the state of Georgia, worth $67,364.14.</li>
</ul>
In total, this trader has punted over $4 million in election-related bets.
The crypto-based prediction market platform Polymarket will be in competition with Kalshi, which received approval from the CFTC to resume <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">election betting contracts</a>.
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</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Donald Trump Is Now Level With Kamala Harris At 49.5% Election Odds After September Rollercoaster

Wells Fargo analyst Joseph Quatrochi maintains ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) with a Overweight and lowers the price target from $1185 to $1000.

ASML

Wells Fargo Maintains Overweight on ASML Holding, Lowers Price Target to $1000

HSBC Continental Europe to sell its Germany private banking business to BNP Paribas

DTCC, Digital Asset pilot proves tokenized assets can optimize UST collateral

Janus Henderson Global Equity Income Fund Q2 2024 Commentary

China-exposed stocks with low volatility and high upside to YTD highs

DFP: The Portfolio Is Not Keeping Up With The Share Price Of This CEF

China-exposed European stocks that could see a lift amid growth expectations

HSBC: Likely Fairly Valued With Fundamental Uncertainties

Citi lists Developed Market stocks with high revenue exposure to China

The recent rate cuts from the Federal Reserve are poised to create a ripple effect across the financial sector, particularly for dividend-paying stocks. In light of this, dividend-seeking investors might want to consider investing in companies like Visa (V), Mastercard Inc. (MA), and American Express (AXP), which not only have large cash reserves but have also proven resilient through various market conditions. Read on… With the recent Federal Reserve rate cuts, investors are eyeing opportunities in the financial sector, particularly those tied to dividend-paying stocks. In this context, stocks like Visa Inc. (<a href="https://stocknews.com/stock/V/">V</a>), Mastercard Incorporated (<a href="https://stocknews.com/stock/MA/">MA</a>), and American Express Company (<a href="https://stocknews.com/stock/AXP/">AXP</a>) are worth considering. These companies have a history of consistent dividend payouts, positioning them as stable options for investors looking to capitalize on the rate cuts.
Traditionally, financial companies thrive in higher interest rate environments, as they can boost their interest income. However, rate cuts like the recent <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html#:~:text=The%20Federal%20Open%20Market%20Committee%20chose%20to%20lower%20its%20key%20overnight%20borrowing%20rate%20by%20a%20half%20percentage%20point%2C%20or%2050%20basis%20points%2C%20amid%20signs%20that%20inflation%20was%20moderating%20and%20the%20labor%20market%20was%20weakening.">50 basis points drop</a> can still offer advantages for financial stocks, particularly those with solid dividend yields. Lower rates often give banks and financial institutions more liquidity, which supports lending activities and allows them to maintain or even raise their dividend payouts.
For investors, this could mean reliable income streams when other traditional sources of income, such as bonds, might not offer the same returns. Moreover, the financial services market is anticipated to reach $44.93 trillion by 2028, exhibiting a <a href="https://www.thebusinessresearchcompany.com/report/financial-services-global-market-report">CAGR of 7.6%</a>, further strengthening the appeal of dividend-paying stocks in this space.
Given these favorable trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> stock picks, starting with number 3.
Stock #3: Visa Inc. (<a href="https://stocknews.com/stock/V/">V</a>)
V is a leading payment technology company that facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. The company offers its products and services under Visa, Visa Electron, Interlink, VPAY, and PLUS brands.
On September 3, the company paid its shareholders a quarterly dividend of $0.52 per common stock. With 15 years of consecutive dividend growth, V pays an annual dividend of $2.08, which translates to a yield of 0.73% at the current share price. Its four-year average dividend yield is 0.68%. Moreover, its dividend payouts have increased at a CAGR of 17.6% over the past three years.
On July 9, V and HSBC Holdings plc (<a href="https://stocknews.com/stock/HSBC/">HSBC</a>) collaborated to develop Zing, HSBC's international payments app. With V's technological support solutions, Currencycloud and Tink, a single point of contact delivering a multi-currency wallet and multiple methods to top-up an account, was made possible in the Zing app.
V's net revenue for the third quarter (ended June 30, 2024) increased 9.6% year-over-year to $8.90 billion. Its operating income amounted to $5.94 billion, indicating an 18.2% growth from the prior year quarter. The company's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $4.91 billion and $2.42 per share, up 9.1% and 12% year-over-year, respectively.
Analysts expect V's revenue for the fourth quarter (ending September 2024) to increase 10.1% year-over-year to $9.48 billion, while its EPS for the same period is expected to grow 10.6% from the prior year to $2.58. Moreover, it topped the consensus EPS estimates in each of the trailing four quarters, which is excellent.
Over the past year, the stock has surged 17.7%, closing the last trading session at $284.77.
V's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
V has a B grade for Momentum, Stability, and Quality. It is ranked #14 out of 46 stocks in the <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry. <a href="https://stocknews.com/stock/V/">Click here</a> to see the additional ratings for V (Growth, Value, and Sentiment).
Stock #2: American Express Company (<a href="https://stocknews.com/stock/AXP/">AXP</a>)
AXP operates as a global integrated payments company that provides customers access to products, insights, and experiences that build a business. The company operates through four segments: U.S. Consumer Services; Commercial Services; International Card Services; and Global Merchant &amp; Network Services. 
On August 14, AXP announced plans to open a new Centurion&#xAE; Lounge at Salt Lake City International Airport (SLC). The lounge will be 16,000 square feet, and premium amenities will be available to its Card Members.
On August 9, demonstrating its commitment to returning value to shareholders, the company paid a quarterly dividend of $0.70 per share. AXP pays an annual dividend of $2.80, which translates to a yield of 1.04% at the current share price. Its four-year average dividend yield is 1.22%. Also, the company's dividend payouts have increased at a CAGR of 14.8% over the past three years.
During the second quarter that ended on June 30, 2024, AXP's total revenues net of interest expense increased 8.5% year-over-year to $16.33 billion, primarily driven by higher net interest income, increased Card member spending, and strong card fees. In addition, its net income amounted to $3.02 billion and $4.15 per share, reflecting an increase of 38.7% and 43.6% year-over-year, respectively.
Street expects AXP's revenue for the fiscal fourth quarter (ending December 2024) to increase 8.7% year-over-year to $17.17 billion. Moreover, its EPS estimate of $2.98 for the same period indicates a 13.6% year-over-year growth. In addition, it surpassed the EPS estimates in three of the trailing four quarters, which is promising.
The stock has gained 71.1% over the past year and 48.9% over the past nine months to close the last trading session at $268.99.
AXP's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Momentum, Stability, and Sentiment. Within the same industry, it is ranked #10. <a href="https://stocknews.com/stock/AXP/">Click here</a> to see the other AXP ratings for Growth, Value, and Quality.
Stock #1: Mastercard Incorporated (<a href="https://stocknews.com/stock/MA/">MA</a>)
MA is a technology company that provides transaction processing and other payment-related products and services worldwide. It allows users to make payments by creating a range of payment solutions and services using its brands, MasterCard; Maestro; and Cirrus, through electronic forms of payment.
On September 16, buoyed by strong financial performance, the company declared a quarterly dividend of $0.66 per share, payable on November 8, to the shareholders of record on October 9, 2024.
MA pays an annual dividend of $2.64, which translates to a yield of 0.54% at the current share price. Its four-year average dividend yield is 0.53%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 15.5% over the past five years.
For the second quarter of 2024, which ended on June 30, MA's net revenues increased 11% year-over-year to $6.96 billion. Its operating income rose 10.4% from the year-ago value to $4.04 billion. The company's non-GAAP net income stood at $3.34 billion, up 21.8% year-over-year, while its adjusted earnings per share amounted to $3.59, representing an increase of 24.2% from the last year.
The consensus revenue estimate of $7.26 billion for the fiscal third quarter (ending September 2024) represents an 11.1% increase year-over-year. The consensus EPS estimate of $3.73 for the same quarter indicates a 10.1% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
MA shares have surged 20% over the past year and 17.5% over the past nine months to close the last trading session at $492.74.
It's no surprise that MA has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Momentum, Stability, and Quality. Out of 46 stocks in the Consumer Financial Services industry, MA is ranked #8.
Beyond what is stated above, we've also rated MA for Growth, Value, and Sentiment. Get all MA ratings <a href="https://stocknews.com/stock/MA/">here</a>.
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V shares closed at $284.77 on Friday, down $-0.47 (-0.16%). Year-to-date, V has gained 10.01%, versus a 20.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/v-ma-axp-hsbc-3-top-financial-stocks-paying-juicy-dividends/>3 Top Financial Stocks Paying Juicy Dividends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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