The HSBC share price has outperformed peers in 2022 as investors cheer the company’s exposure to Asia. The stock is...
HSBC
HSBC is a British multinational bank operating in 64 countries and territories, serving clients on all continents globally. The bank holding company was created in 1991 by the Hongkong and Shanghai Banking Corporation, with its headquarters in London, UK.
However, the bank’s origins can be traced back to 1865, when it first opened multiple branches in Shanghai. The Hongkong and Shanghai Banking Corporation was officially incorporated in 1866 and has kept growing since then.
HSBC is the second-largest European bank, with BNP Paribas taking the top spot. It ranks as the sixth-largest bank globally based on its total assets and market capitalisation. The bank has three operating divisions: Global Banking & Markets, Commercial Banking, and Wealth & Personal Banking.
The global bank has been accused of multiple scandals over the years and has been fined for aiding money laundering schemes and creating massive tax-avoidance schemes.
Is HSBC a Good Investment?
I would say that HSBC is not a good investment based on its track record of unethical practices in the past that even involved laundering money for a drug cartel. However, many large banks operating today with long histories have been embroiled in scandals in the past.
I am more interested in what the bank is doing today to serve clients’ needs and stay ahead of future trends that could hurt their operations. Therefore, I wouldn’t buy HSBC shares simply because I think the bank lags behind future trends such as funding sustainable projects.
HSBC latest news
The HSBC share price has been under pressure in the past few days as the company increases its focus on...
The HSBC share price is in the spotlight today after the company reported strong quarterly earnings. The stock rose by...
HSBC share price is rising in Hong Kong as investors react to the strong third-quarter earnings. The bounce is an early indication that the shares will rise in London when the market reopens.
HSBC share price (LON: HSBA) has been one of the best performers among global banks for the last 3 years....
HSBC share price is up by 0.70% in London today as investors react to the recently-passed Brexit deal. The stock...
The HSBC share price has staged a strong comeback ahead of the upcoming corporate earnings. It rose to a high...
The HSBC share price extended its rally into the 9th trading day in a row as investors continue to flock...
Do you have £10,000 to spare? A question we hear often is how to invest £10,000 or even £1k in...
The HSBC share price is trading higher today as the bulls aim to erase the losses of the previous two...