HSBC Holdings (NYSE:HSBC) Stock, Quote.Headers.trade-ideas

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.

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The stock market can trick old buyers into selling their profitable holdings at the first sign of a dip or slowdown. This effect is further amplified for new buyers who are anxious to know whether their ideas were right or wrong. Often, their profit and loss statements give them the answer.

Lock In Your Profits: These 3 Stocks Are Set to Deliver

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Tech

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OpenAI secured a $4 billion revolving credit line, boosting its liquidity to $10 billion, which will support investments in high-cost computing infrastructure, including Nvidia chips.

OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: &#39;Provides Flexibility To Seize Future Growth Opportunities&#39;

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Fintech news covering the emerging Financial Technology services sector

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General

The bank assured that efforts are underway to resolve the problems and apologized for any inconvenience caused.

Bank Of America Glitch Leaves Customers Seeing $0 In Accounts — What Happened?

HSBC Holdings PLC

HSBC HOLDINGS ADR REP 5 ORD

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Needham analyst Laura Martin reiterates Taboola.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) with a Buy and maintains $5 price target.

Reiteration

TBLA

Needham Reiterates Buy on Taboola.com, Maintains $5 Price Target

<ul>
<li>Company announces updated Phase 1b clinical data on ACTengine IMA203 targeting PRAME in 28 heavily pretreated metastatic melanoma patients with substantially enhanced maturity compared to the last data update in May 2024 and provides the first report on progression-free survival (PFS) and overall survival (OS).</li>
<li>Based on the Phase 1b data, the Company will proceed directly to a registration-enabling Phase 3 trial.</li>
<li>Regulatory pathway and clinical trial design for IMA203 finalized following FDA Type D meetings and meeting with the Paul Ehrlich Institute (PEI); RP2D and CMC package confirmed.</li>
<li>IMA203 continues to maintain a favorable tolerability profile in patients in Phase 1a and Phase 1b treated across all dose levels.</li>
<li>IMA203 demonstrates a confirmed objective response rate of 54% with median duration of response of 12.1 months in Phase 1b.</li>
<li>Median PFS is 6 months, comparing favorably to the IMA203 Phase 1a dose escalation median PFS of 2.6 months; patients with deep responses show median PFS of more than one year; median OS not reached.</li>
<li>Phase 3 trial, "SUPRAME," will enroll 360 patients with unresectable or metastatic melanoma post treatment with a checkpoint inhibitor (2L+) and will randomize patients 1:1 for treatment with IMA203 or investigator's choice .</li>
<li>Primary endpoint for full approval will be median PFS, which constitutes the fastest pathway to registration in this patient population.</li>
<li>SUPRAME Phase 3 trial is on track to commence in December 2024; enrollment forecasted to be completed in 2026 with a pre-specified interim analysis planned for early 2026</li>
</ul>

Biotech

Health Care

IMTX

Immatics Announced Updated Phase 1B Data On ACTengine IMA203 TCR-T Targeting PRAME In Melanoma Patients And Provided An Update On Upcoming Phase 3 SUPRAME Trial Of IMA203 In Metastatic Melanoma Patients

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4Q24 Forecast
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Total Revenue YoY
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Up&nbsp;2%&nbsp;-&nbsp;4%
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Operating Margin
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11%&nbsp;-&nbsp;13%
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Earnings Per Share
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$1.60&nbsp;-&nbsp;$1.85
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1Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures
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Guidance

Delta Air Lines Expects Q4 Total Revenue Growth Of 2%-4%, Operating Margin Of 11%-13%, And EPS Of $1.60-$1.85 (Est $1.69)

HC Wainwright &amp; Co. analyst Scott Buck maintains Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) with a Neutral and lowers the price target from $1.5 to $1.

INTZ

HC Wainwright & Co. Maintains Neutral on Intrusion, Lowers Price Target to $1

Contracts

SABR

Riyadh Air Collaborates With Sabre To Adopt SabreMosaic Offer Optimization Technology That Provides The Intelligence To Be The First Carrier To Operate On Offer- And Order-based Technology Across The Entire Retail Spectrum From Its First Day Of Operations In 2025

As the <a href="https://www.benzinga.com/news/24/10/41265000/uber-announces-measures-to-ramp-up-electrification-of-its-fleet-ahead-of-teslas-robotaxi-unveil">race to dominate the robotaxi</a> sector intensifies, Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is leveraging its extensive ridesharing network to compete against Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary, Waymo.
What Happened: Uber has shifted its focus from developing autonomous vehicles to expanding its marketplace of riders and drivers. This approach has created a strong network effect, making it difficult for competitors to match its scale, <a href="https://www.businessinsider.in/tech/news/who-will-win-the-robotaxi-race-tesla-waymo-or-uber/articleshow/114080058.cms">reported</a> Business Insider on Thursday. 
Uber&#8217;s business model, which avoids the costs associated with owning and maintaining vehicles, has proven financially successful, generating $1.7 billion in free cash flow in the second quarter.
In contrast, Tesla and Waymo face the challenge of building and maintaining costly autonomous fleets. Analysts at Bernstein highlight the complexity and expense of operating a large-scale robotaxi network, which includes regulatory hurdles and high fixed costs. 
&#8220;There are real challenges around scaling a pureplay autonomous network, including the underlying technology, regulatory approvals, building a large-enough supply-base to run a high quality network (especially during peak hours when consumers need the service the most), and ultimately getting customers to adopt the service,&#8221; the analyst wrote, according to the report. 
Uber&#8217;s existing network and user base offer a significant advantage, as it can integrate autonomous vehicles from partners like Waymo and Cruise, enhancing its service without incurring the same level of expenses.
Uber&#8217;s ability to aggregate demand positions it as a valuable partner for autonomous vehicle companies, providing access to a large and active user base. This strategic advantage could play a crucial role in the evolving robotaxi landscape.
See Also: <a href="https://www.benzinga.com/news/24/10/41266991/teslas-robotaxi-to-take-flight-with-doors-that-open-like-butterfly-wings-report">Tesla&#8217;s Robotaxi To Take Flight With Doors That Open Like Butterfly Wings: Report</a>
Why It Matters: The robotaxi market is a battleground for major players like Tesla, which is exploring scenarios for its future valuation based on its autonomous driving capabilities. Analyst Pierre Ferragu has <a href="https://www.benzinga.com/markets/equities/24/10/41265296/teslas-future-valuation-analyst-pierre-ferragu-unveils-scenarios-ranging-from-1-4-to-4-7-trillio">outlined potential outcomes</a> for Tesla&#8217;s ambitions, emphasizing the importance of achieving unsupervised full self-driving capability.
Despite optimism surrounding Tesla&#8217;s robotaxi plans, some analysts, like Ming-Chi Kuo, predict mass production may not <a href="https://www.benzinga.com/general/24/10/41257117/teslas-robotaxi-event-could-investor-hopes-be-premature-analyst-predicts-mass-production-not-until-2">occur until 2027</a>. Meanwhile, Baidu is considering <a href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion">expanding its robotaxi unit</a>, Apollo Go, into international markets, adding to the competitive landscape.
Moreover, Gary Black, Managing Partner at The Future Fund, has expressed skepticism about Tesla&#8217;s ability to maintain a monopoly in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40333845/gary-black-highlights-skepticism-over-teslas-autonomy-ambitions-amid-competition-fr">autonomous driving market</a>, citing competition from Waymo, Baidu, and others.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41198872/teslas-we-robot-event-will-likely-feature-robotaxi-25k-ev-and-optimus-updates-says-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s &#8216;We, Robot&#8217; Event Will Likely Feature Robotaxi, $25K EV And Optimus Updates, Says Munster: Will Elon Musk Spring A Surprise With This Product Announcement?</a></li>
</ul>
Image Via Unsplash 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Analyst Color

GOOG

GOOGL

TSLA

As Elon Musk Gears Up For Highly Anticipated Robotaxi Unveil, This Ridesharing Network's Autonomous Driving Plans Could Put Pressure On Tesla's Amibitions

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) reported quarterly earnings of $1.50 per share which missed the analyst consensus estimate of $1.52 by 1.32 percent. This is a 26.11 percent decrease over earnings of $2.03 per share from the same period last year. The company reported quarterly sales of $15.677 billion which beat the analyst consensus estimate of $14.674 billion by 6.84 percent. This is a 1.22 percent increase over sales of $15.488 billion the same period last year.

Earnings Beats

Earnings Misses

Delta Air Lines Q3 2024 Adj. EPS $1.50 Misses $1.52 Estimate, Sales $15.677B Beat $14.674B Estimate

The deal is expected to close at the end of October and is subject to the satisfaction of customary closing conditions.

Asset Sales

Babcock & Wilcox To Sell Its Italy-based SPIG S.p.A. Group Of Companies And Sweden-Based Babcock & Wilcox Vølund AB To Funds Managed By AUCTUS For $40M

111 Says New Fulfillment Centers In South And Central China Began Operations In Guangzhou, Guangdong Province, And Wuhan, Hubei Province, Respectively

On Wednesday, October 9th, the U.S. markets closed higher, driven by Federal Reserve meeting minutes showing a &#8220;substantial majority&#8221; supported a half-point rate cut, easing investor concerns. Traders also anticipated key inflation data and the upcoming third-quarter earnings season.
Tech stocks saw mixed movements, with Google parent Alphabet down 1.5% amid antitrust concerns.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41257938/fed-minutes-reveal-heated-debate-over-september-interest-rate-move-traders-trim-november-easing-" rel="noreferrer noopener">Fed Minutes Reveal Heated Debate Over September Interest Rate Move: Traders Trim November Easing Bets</a>
In economic data, U.S. wholesale inventories rose 0.1% month-over-month to $904.8 billion in August, below the preliminary 0.2% estimate and matching the revised 0.2% increase from the previous month.
The S&amp;P 500 closed mostly higher, led by gains in healthcare, information technology, and industrials, while utilities and communication services ended lower.
The Dow Jones Industrial Average was up 1.03% and closed at 42,512.00. The S&amp;P 500 ended the day higher by 0.71% at 5,792.04, and the Nasdaq Composite rose 0.60%, finishing the session at 18,291.62.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Asian Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed the session higher by 0.29% at 39,414.50, led by gains in the Chemical, Petroleum &amp; Plastic, Marine Transport, and Precision Instruments sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.43% and ended the day at 8,223.00, led by gains in the Metals &amp; Mining, Materials and Resources sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 0.08% at 25,000.40 and Nifty 500 up 0.02% at 25,000.40.</li>
<li>China&#8217;s Shanghai Composite rose 1.32% to close at 3,301.93, and the Shenzhen CSI 300 gained 1.06%, finishing the day at 3,997.79.</li>
<li>Hong Kong&#8217;s Hang Seng index was up 2.98% and closed at 21,251.98.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 index was down 0.24%.</li>
<li>Germany&#8217;s DAX declined 0.19%.</li>
<li>France&#8217;s CAC fell 0.23%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.08%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 1.50% at $74.35/bbl, and Brent was up 1.40% at $77.66/bbl.</li>
<li>Oil prices increased, supported by increased demand from Hurricane Milton&#8217;s impact in Florida and concerns over Middle East supply risks. Tensions between Israel and Iran kept investors cautious despite demand concerns and higher U.S. crude inventories.</li>
<li>Natural Gas was down 0.90% at $2.636.</li>
<li>Gold was trading higher by 0.30% at $2,633.90, Silver gained 0.54% to $30.832, and Copper rose 0.09% to $4.4030.</li>
</ul>
US Futures at 05:45 AM ET
Dow futures were down 0.10%, S&amp;P 500 futures fell 0.14%, and Nasdaq 100 Futures declined 0.17%.
Forex at 05:45 AM ET
<ul>
<li>The U.S. dollar index slid 0.02% to 102.90, the USD/JPY was down 0.25% to 148.91, and the USD/AUD fell 0.07% to 1.4874.</li>
<li>The U.S. dollar held near a seven-week high as traders awaited key U.S. inflation data. The yen slipped as markets remain skeptical about further rate hikes from the Bank of Japan.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Gains, Europe Dips While Crude Oil Surges On Supply Risk - Global Markets Today While US Slept

The results indicate robust central nervous system (CNS) activity of oral brexanolone, with concentration- and time-dependent post-dose changes in qEEG. These results confirm GABAA&nbsp;positive allosteric modulation and support future development of oral brexanolone in neuropsychiatric indications.
&quot;&ldquo;We are pleased with the qEEG results that confirm target engagement of oral bioidentical brexanolone, which suggests potential utility in treating numerous psychiatry indications, including depression and anxiety, and neurology indications such as essential tremor and epilepsy,&rdquo; said Dr. Mahesh Patel, President and CEO of Lipocine Inc.
&quot;These positive biomarker results and favorable safety profile support further development of oral brexanolone.&quot;

LPCN

Lipocine Reports Data From Its qEEG Study Of Its Oral Brexanolone, A Proprietary Bioidentical NAS Being Developed For The Treatment Of Post-partum Depression - Filing

Needham analyst Mayank Tandon maintains PAR Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAR#NYSE">PAR</a>) with a Buy and raises the price target from $60 to $66.

Needham Maintains Buy on PAR Technology, Raises Price Target to $66

Domino's Pizza Continues To Expect 7%+ Annual Global Retail Sales Growth For 2026-2028, 8%+ Annual Income From Operations Growth

Domino's Pizza Expects 2025 Annual Global Retail Sales Growth And Annual Income From Operations Growth To Be Generally In Line With Its 2024 Expectations

Domino's Pizza Expects Approximately 6% Annual Global Retail Sales Growth For 2024, 8% Annual Income From Operations Growth, Global Net Store Growth Of 800 To 850

Additionally, the Company expects higher plant operating expenses to cause&nbsp;third quarter&nbsp;2024 operating results to fall below prior&nbsp;guidance. The Company now expects&nbsp;third quarter&nbsp;2024 revenue will be between&nbsp;$300&nbsp;and&nbsp;$310 million&nbsp;with adjusted EBITDA of&nbsp;$70&nbsp;to&nbsp;$75 million. Proppant sales volumes are expected to be approximately 6.0 million tons. The Company also expects to book an asset write-down of approximately&nbsp;$9 million&nbsp;related to one of its dredge mining assets.

AESI

Atlas Energy Solutions Q3 Guidance, Sees Revenue Of $300M-$310M ($321.91M Est.) And Adj. EBITDA Of $70M-$75M; Commissions Groundbreaking Dune Express Conveyor System

Lipocine Announced Oral Brexanolone QEEG Results; Oral Brexanolone Well-tolerated With Minimal CND Depressant Effects

INFY

Infosys Collaborates With Zooplus, A German E-commerce Company, To Enhance Its Service Capability And Scalability, The Collaboration Will Establish A Global Capability Center In Hyderabad, India

Domino's Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) reported quarterly earnings of $4.19 per share which beat the analyst consensus estimate of $3.68 by 13.86 percent. This is a 0.24 percent increase over earnings of $4.18 per share from the same period last year. The company reported quarterly sales of $1.08 billion which missed the analyst consensus estimate of $1.10 billion by 1.60 percent. This is a 5.16 percent increase over sales of $1.03 billion the same period last year.

Domino's Pizza Q3 2024 GAAP EPS $4.19 Beats $3.68 Estimate, Sales $1.08B Miss $1.10B Estimate

Vertical Research analyst Robert Stallard downgrades Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) from Buy to Hold and announces $65 price target.

Downgrades

Vertical Research Downgrades Hexcel to Hold, Announces $65 Price Target

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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