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HSBC Holdings P L CHSBCCOMMENTFeb 09, 2015Stock 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.
Stock was down 71% on the story that there have been nefarious things going on in their accounts. This is not the 1st bank that this is happened to. Financials were already having a tough go of it. When it broke below $48 that was a clue that they were having troubles. It had touched close to that level several times in the past year. You can see this in a lot of the financials’ charts. If this can get above $48 and there is a good tailwind behind it with the rest of the market, it would be something to have a look at.