HSBC Faces Earnings Test After Stock Rallies 89% From Low

HSBC Holdings Plc’s earnings Wednesday come with revenue prospects and the buyout of a subsidiary in focus, as the shares hover around a record high.

Up 89% since an April low, the UK lender would need new catalysts for the share prices to move higher. The stock closed at HK$135.30 on Tuesday in Hong Kong, near the 12-month average analyst target of HK$138.52, according to data compiled by Bloomberg.