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HSBC Holdings P L CHSBCCOMMENTAug 29, 2013Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
HSBC vs. ING. HSBC is a global bank, strong in Asia and the UK. ING is already restructured, more of a retail bank. Neither is expensive. But you can buy US banks at cheap multiples today. US banks are in better shape, more capital, fewer issues to worry about like negative interest rates. (Analysts’ price target is $45.90)
ING vs. HSBC Neither. He won't touch any European bank given negative interest rates. Period. HSBC does a lot of international lending and international flows aren't well-received by regulators; and they lend to the Far East. HSBC isn't a leader in many categories. ING, at least, leads in online banking in Europe, but they have loaned heavily to energy.
Great company and well run. Pulled back because of some really bad assets they bought over the last several years. Have really consolidated themselves. Not expensive and has a good dividend yield. Doesn’t expect there will be a huge upside in the price of the stock but will chug along like a lot of other banks.