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HSBC Holdings P L CHSBCTOP PICKDec 23, 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.
This stock has done nothing for a year but getting better positioned in Asia. The yield is safe and they are doing a pretty good job of keeping costs down. This is an opportunity that is being passed over and shouldn’t be. It is a pretty good stock with great management, over 50% of profits coming out of Asia. Largest stock in the Hong Kong market.