HSBC Holdings plc (ADR)
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Citigroup Is Cheap Right Now
By Shazir Mucklai - May 20, 2013 | Tickers: C, HBC, JPM
Citigroup (NYSE: C) has long been hailed as the bank that delivers results. Citigroup did exceptionally well in passing the “Stress Test”; it passed with flying colors. The bank posted an 8.3% Tier 1 common-capital ratio, the highest in its respective industry. These tests show how banks would do under severe economic conditions.
This is just one of the many exceptional qualities that Citigroup possesses as of right now more »
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Consider These Financial Giants for Your Portfolio
By Nauman Aly - May 6, 2013 | Tickers: COF, C, HBC, ING
While some consumers may be shying away from credit, others are continuing to see the benefits, and that's keeping revenue and profits high for large payment processing companies like Capital One Financial (NYSE: COF). This entity, that operates as a bank holding company for the Capital One Bank, is focused on three primary segments -- credit cards, consumer banking, and commercial banking -- and is the sixth largest U.S. bank more »
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Rising From the Ashes: A Global Financial Sector ETF on a Roll
By Jeff Stouffer - April 30, 2013 | Tickers: BRK-A, HBC, IXG, JPM, WFC
The constant bad news about the U S economy tends to obscure some positive investment performers. After all investment performance is not directly tied to economic performance.
The iShares S&P Global Financial Sector Index Fund (NYSEMKT: IXG) is an exchange-traded fund that holds 221 financial stocks, and according to the chart below, allocates the portfolio among countries throughout the world.
A day does not go by when we hear more »
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The Best Dividend in Banking
By Marshall Hargrave - April 29, 2013 | Tickers: BCS, HBC, RBS
HSBC Holdings (NYSE: HBC) is a British multinational banking giant. The bank has over 6,600 locations in 81 countries. Its core businesses include commercial banking, investment banking, retail banking and wealth management.
HSBC has a truly global footprint, and its business is evenly spread out among the Americas, Europe and Asia-Pacific. Each region contributes one third of HSBC's revenues. Besides its strong global brand and reach, the company more »
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A Sampling of the United Kingdom's Banks
By Alexander MacLennan - April 12, 2013 | Tickers: HBC, LYG, RBS
When most people think of economic problems in Europe, they probably think of Greece’s debt problems, the uncertainty in Spain and Italy, or the more recent Cyprus bailout deal. But one country is also showing slow economic growth despite not being in the eurozone. Following a major banking system bust, the U.K. has implemented austerity measures designed to curb the country’s deficits even as the economy remains more »
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Developments in Southeast Asian Insurance
By Peter Pham - March 9, 2013 | Tickers: HBC, EWH, MFC, PRU
During the last 5 years the South East Asians are increasingly coming to understand the merits of insurance. Thus, multinational insurance companies are now becoming more confident to make huge investments in these emerging SE Asian Markets. For instance, AIA Group (1299.HK), Manulife (NYSE: MFC) and Prudential PLC (NYSE: PRU) are now competing for mid-size acquisitions in the South East Asian region totaling up to $1 billion. And there more »
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Will Citigroup Return to Its Former Glory?
By Binu Buvaria - March 6, 2013 | Tickers: BAC, C, HBC, JPM
Citigroup (NYSE: C) is a company which provides a large gamut of financial services that includes retail banking, investment banking, asset management, and corporate banking to consumers, corporations, governments, and institutions worldwide. The departure of Vikram Pandit as CEO of Citigroup has become a positive catalyst for the company. It seems that the former manager was not so efficient. Hence, the company was quite unstable with no growth in shareholders more »
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HSBC: Foundation of Solid Fundamentals
By Michael Hendricks - February 13, 2013 | Tickers: HBC
HSBC Holdings (NYSE: HBC) has recorded an impressive 30% run-up since September alone. Investors may be wondering if this house is built of straw or bricks. The recent market pull-back could be the buying opportunity the conservative investor has been waiting for.
Investors are concerned with two types of risk: loss of capital and inability to produce adequate returns. HSBC is a house of bricks built on these foundational priciples more »
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Southeast Asia Insurance Continues to Attract Growth Capital
By Peter Pham - February 4, 2013 | Tickers: C, HBC, IDX, SLF
Investors and insurers are swooping in on Asia’s insurance industry for acquisitions, encouraged by a low rate of penetration in the region’s emerging markets at a time when European banks, in need of cash, are exiting the sector. Insurance has become a relatively hot sector for M&A activity in Asia, with deals involving ING, HSBC and others. Southeast Asia’s strong economic growth and very favorable demographics more »
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European Banks Counting on China for Growth
By Peter Pham - January 26, 2013 | Tickers: HBC, JPM, UBS
The banking industry seems to have set its eyes on the Asian Market. UBS AG (NYSE: UBS) recently launched its locally-incorporated unit in China, which will allow it to conduct business in areas like wealth management. UBS operates brokerage and mutual fund joint ventures with local partners along with private equity units. The Zurich-listed bank is the first Swiss bank to set up a wholly-owned subsidiary in China.
China is more »
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Don't Worry, This Financial's Results Weren't so Bad
By Lee Samaha - January 23, 2013 | Tickers: AXP, COF, DFS, HBC, WFC
We have all heard all we can possibly take on the subject of banks, loan quality, off balance sheet accounting and such matters over the last few years. I won’t attempt to add anything new to the discussion other than to make one key observation concerning Capital One Financial’s (NYSE: COF) recent results. Before I get to that I will summarize that I thought the recent results were more »
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3 Financial Headlines You Can't Ignore
By Bill Edson - January 23, 2013 | Tickers: AIG, HBC
News about financial stocks is truly the theater of the absurd. I could never have imagined it, and I would never have predicted it.
Since their outcomes are unpredictable and unimaginable, it is reasonable for investors to swear off financial stocks altogether. Investors who cannot bring themselves to abstain from an entire sector should only allocate very small amounts of capital to what are clearly speculative bets.
AIG Considering Suing more »
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Bank Cyber Security Issues Dog Financial Stocks
By Bill Edson - January 16, 2013 | Tickers: HBC, JPM, WFC
I used to regard banks and other financial companies as black boxes, mostly because it is hard to account for the value of their assets. However, I have found that the more fundamental problem with huge financial companies is that they are too complex to understand or predict. I literally could not make up some of the issues that erupt for these firms. The problems that surface for these firms more »
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HSBC Survives U.S. Investigations
By Peter Pham - January 7, 2013 | Tickers: BAC, BCS, HBC, ING
HSBC (NYSE: HBC), the biggest Asia-focused European bank, has agreed to pay a record $1.921 billion fine to settle the U.S. money laundering probe being conducted by the U.S. Department of Justice and other regulators, the biggest ever by any bank. Earlier in June, ING Bank (NYSE: ING) was penalized $619 million for similar crimes for dealing with Cuba and Iran. HSBC was allegedly involved with Mexican more »
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Is Citigroup a Good Bank Stock for 2013?
By Meena Krishnamsetty - January 5, 2013 | Tickers: BAC, C, HBC, JPM, WFC
After a 21% rise in the stock price in the last month, bringing it up 47% from a year ago, Citigroup (NYSE: C) ended up showing strong returns in 2012. Going into 2013, there is still a value case to be made in terms of some common metrics. The bank still trades at a sizable discount to the book value of its equity at a P/B of 0.7 more »
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Is Citigroup Still On The Way Up?
By Meena Krishnamsetty - December 18, 2012 | Tickers: BAC, C, HBC, JPM, WFC
Citigroup (NYSE: C) closed above $39 per share on December 17, the first time it had done so since July 2011. The stock is up 51% in the last year, and over 30% year to date. There’s a case to be made that it’s still undervalued: the P/B ratio is 0.6, showing that the stock is trading at a large discount to the book value of more »
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Are These Two Global Banks a Buy After Legal Charges?
By Anh HOANG - December 13, 2012 | Tickers: HBC, STAN
Large legal fees have just come from US financial authorities for global British banks Standard Chartered PLC (LSE: STAN) and HSBC Holdings PLC (NYSE: HBC). Standard Chartered has agreed to pay the fine of $327 million to settle charges of money laundering from 2001 to 2007. HSBC took a much harder hit, of up to $1.9 billion, including $1.25 billion in forfeiture and $655 million in civil penalties more »
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Fines and Warnings: Do They Matter?
By Greg Bartlett - December 11, 2012 | Tickers: AAPL, GOOG, HBC, NFLX
On July 3, the Facebook page for Netflix (NASDAQ: NFLX) featured a post announcing that the online video service streamed over 1 billion hours of content in the month of June, a meaningful milestone. Five months later, the Securities and Exchange Commission notified the CEO of Netflix that it is considering official action against the company over the post. According to the allegations, Netflix violated rules about the public disclosure more »
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Post-Mortem Analysis: Your Worst Stocks Can Make You Money!
By Adem Tahiri - December 10, 2012 | Tickers: FNFG, HBC
Why is it so darned hard for us to admit when we’re wrong? It’s true of work, relationships; in investing, you can multiply it by a thousand. Perhaps that’s why CNBC host Jim Cramer, who actually know a ton, feels obligated to change positions on a stock six times a year (approximately, depending on performance).
I don’t blame him. In finance, the “experts” are expected to more »
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Why is Citigroup Hedge Funds’ Favorite Bank?
By Meena Krishnamsetty - November 30, 2012 | Tickers: BAC, C, HBC, JPM, WFC
Citigroup (NYSE: C) isn’t the most popular financial stock among hedge funds anymore (heavy buying activity at AIG gave that company the #1 slot), but our database of 13F filings still showed more hedge funds and other notable investors owning it than any of the other big banks. Billionaire David Tepper’s Appaloosa Management, a fund with $16 billion under management, had Citigroup as its second largest stock holding more »
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