When I think of banking and financial services company HSBC Holdings (LSE: HSBA) (NYSE: HSBC.US) , two factors jump out at me as the firm's greatest strengths and top the list of what makes the company attractive as an investment proposition.
HSBC Holdings plc logo Zacks cut shares of HSBC Holdings plc (NASDAQ:HSBC) from a neutral rating to an underperform rating in a research report sent to investors on Monday morning, American Banking News reports.
The bank announced plans to sell off its HSBC Bank Kazakhstan subsidiary to Halyk Bank back in February for $176m. The company has also sold off its Jordanian business, as well as its 8% holding in the Bank of Shanghai, in recent months.
... around the UK economy, looking for a new home. In my view, George Osborne's decision to liberate pension funds could end up giving the stock market a boost - in particular, large cap dividend stocks like HSBC Holdings (LSE: HSBA) (NYSE: HSBC.US).
When all those overstretched bad loans finally came home to roost and so many big banks found themselves, like Wile E Coyote, up in the air with nothing to support them, HSBC Holdings (LSE: HSBA) (NYSE: HSBC.US) was in much better shape than the ...