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HSBC Holdings P L CHSBCWAITApr 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.
Technical target hasn’t changed much. It is still calling for a bit lower level at around $32. However, it has registered some positive action as it has broken out. That could be positive in 2 ways. It could be a break away gap, or it could be an exhaustion gap. If you own, you could put a stop loss at around $48 on the basis that it could go back to test the lower level at around $41. He would wait for it to prove itself one way or another or buy it a bit lower.