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HSBC reported strong earnings and dividends but faced a stock downgrade from Deutsche Bank.
Crumly & Associates Inc. sold 1,258 shares of HSBC Holdings plc, reducing their holdings to 8,028 shares, while Sunpointe LLC purchased 4,261 shares.
HSBC reported earnings of $1.45 per share, exceeding expectations, and declared a dividend of $1.80 per share.
Despite these moves, Deutsche Bank downgraded HSBC's rating to "hold."
HSBC provides banking and financial services globally.
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HSBC informó de fuertes ganancias y dividendos, pero se enfrentó a una bajada de stock de Deutsche Bank.