HSBC Holdings plc (ADR) (NYSE:HBC), Europe’s largest bank, reported that its Mexican business paid a $27.5 million fine to the country’s regulators for non-compliance with money-laundering systems and powers.
The London-based financial company reported in a statement on Friday that the violations link with the late announcement of 1,729 unusual transactions and the failure to report 39 others authorities.
The company reported in the statement that HSBC Mexico was aware of the significance of strengthening compliance and risk management controls for the generally financial system. The company further reported that it has previously taken actions and invested resources to deal with the past failures for which it has been fined.
Its competitors include Barclays PLC (ADR) (NYSE:BCS) with 3.06 billion of outstanding shares and Citigroup Inc. (NYSE:C) with 2.93 billion of outstanding shares.
Other financial stocks include DuPont Fabros Technology, Inc. (NYSE:DFT) whose gross margin remained 97.65%, CME Group Inc (NASDAQ:CME) with gross margin of 96.95%, Lazard Ltd (NYSE:LAZ) with gross margin of 95.38%, National Retail Properties, Inc. (NYSE:NNN) whose gross margin remained 94.41%, SEI Investments Company (NASDAQ:SEIC) gross margin stayed 93.91% and CYS Investments Inc (NYSE:CYS) having gross margin of 89.72%.
HSBC Holdings plc (ADR) (NYSE:HBC) after opening at $41.46 hit high price of $41.89 and then trading at $41.71 by increasing 1.19% and on current session volume of 1.61 million shares.
The stock price volatility was 1.62% for a week and 1.43% for a month as well as price volatility’s Average True Range for 14 days was 1.00 and its beta remained 1.24.
The liquidity measure in recent quarter results of the company the debt to equity ratio was 0.83 and long-term debt to equity ratio also remained at flat. The Company had total cash at hand $860.96 billion and a book value per share as $41.23 in the most recent quarter.
HBC generated revenue of 63.18 billion in the following twelve months and earned $14.65 billion. The Company showed a positive 21.77% in the net profit margin and as well as in its operating margin which remained 28.14%. Company’s annual sales growth for the past five year was -3.65%.
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