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HSBC Holdings P L CHSBCCOMMENTJul 21, 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.
Should be seeing a bit of a tail wind that we have been seeing financials getting from February onward. On the positive side we are seeing higher lows. Would like to see it get above $45.80 moving to the next cluster around $48.00. Probably better names out there like, J.P. Morgan, CitiGroup, or Bank of America.