The HSBC share price extended its rally into the 9th trading day in a row as investors continue to flock...
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 was the best performing stock in Hong Kong, rising by more than 1%. The stock was...
The HSBC share price jumped to the highest level since March 2020 as the banking sector started the year on...
HSBC share price has retreated in the past few days. Shares of the biggest European bank by assets have dropped...
The HSBC share price has done well in the past few weeks as worries over Evergrande have receded and the...
HSBC share jumped on Monday after the reports that its biggest shareholder, Ping An Asset Management, increased its stake in the bank from 7.95% to 8%.
The latest HSBC share price analysis by Goldman Sachs Group research analysts indicates a potential upside of 32 per cent....
The HSBC share price continues to bleed value in September, losing 3.7% since the start of the month and is...
The StanChart and HSBC share prices have lagged most of their FTSE 100 banking peers. As shown below, the two...
The HSBC share price has bounced back in the past few days. The stock has moved to 430p, which was...