50% off Premium Yearly
HSBC Holdings P L CHSBCBUYApr 30, 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.
Last year Europe was not too hot and China was undergoing its metamorphosis. China has now caught up and money is flowing into this. It is situated in a growth area of the world. Spinning out the UK retail franchise and moving head office could be catalysts.