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HSBC Holdings P L CHSBCPAST TOP PICKJan 23, 2014Stock 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.
(Top Pick Dec 13/12, Up 10.94%) Canadian banks had a good run, but this bank is trailing the group. The US banks are starting to do better. This one is well situated in Asia. He still likes it and would buy it. Thinks it will break out to the top, not the bottom.