HSBC Stock Summary and Trading Ideas (HSBC Holdings Plc. | NYSE:HSBC)

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates in around 60 countries with around 220,000 full-time staff. The United Kingdom and Hong Kong are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.

HSBC Holdings Plc. trades on the NYSE stock market under the symbol HSBC.

As of November 27, 2024, HSBC stock price climbed to $46.68 with 672,181 million shares trading.

HSBC has a beta of 0.21, meaning it tends to be less sensitive to market movements. HSBC has a correlation of 0.02 to the broad based SPY ETF.

HSBC has a market cap of $168.31 billion. This is considered a Large Cap stock.

In the last 3 years, HSBC traded as high as $47.56 and as low as $24.77.

The top ETF exchange traded funds that HSBC belongs to (by Net Assets): DFIV, AVDE, DFIC, DFAX, APIE.

HSBC has underperformed the market in the last year with a return of +24.8%, while SPY returned +33.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HSBC shares. However, HSBC has outperformed the market in the last 3 month and 2 week periods, returning +8.0% and +4.6%, while SPY returned +7.1% and +0.3%, respectively. This indicates HSBC has been having a stronger performance recently.

HSBC support price is $45.73 and resistance is $46.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HSBC shares will trade within this expected range on the day.