Why HSBC Stock Topped the Market Today

The company did quite well with its initial earnings report of the year.Sprawling international banking conglomerate HSBC Holdings (HSBC 3.32%) pleased the market with its first quarterly-earnings report of 2024, although the company's CEO shocked some with a surprise resignation.Both of these developments occurred well before market open Tuesday. Investors reacted to them by trading the company's U.S.-listed American depositary receipts (ADRs) up by more than 3.3% across the day. That contrasted well with ...