Free Trial
→ Silent Raid on IRAs and 401(k)s Begins—Are You Next? (From Genesis Gold Group) (Ad)

This Is How HSBC's Crypto Collaboration Disrputs Banking

Kate Stalter
Written by Kate Stalter
September 25, 2023

Key Points

  • HSBC's stock has risen by 5.78% in the past month, as the company reportedly formed a partnership with crypto custodian Fireblocks.
  • Other financial firms like BlackRock and Fidelity have shown interest in the crypto space, with filings to launch bitcoin exchange-traded funds. 
  • These moves come as bitcoin and ethereum are showing strong year-to-date gains. 
  • MarketBeat previews the top five stocks to own by April 1st.
Remove Ads

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Upgrade Now See Benefits

Already have an account? Log in here.

Should You Invest $1,000 in HSBC Right Now?

Before you consider HSBC, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.

While HSBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover
13 Stocks Institutional Investors Won't Stop Buying

Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.

Get This Free Report
Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
HSBC (HSBC)
1.2642 of 5 stars		$55.74+0.5%12.88%8.99Moderate BuyN/A
BlackRock (BLK)
4.8738 of 5 stars		$909.960.0%2.29%21.67Moderate Buy$1,120.67
BNP Paribas (BNPQY)
4.4522 of 5 stars		$40.29-0.1%4.57%7.63BuyN/A
Coinbase Global (COIN)
4.5986 of 5 stars		$191.73+0.0%N/A20.18Moderate Buy$307.89
Eastman Kodak (KODK)
0.9687 of 5 stars		$6.70+0.8%N/A9.56N/AN/A
ProShares Bitcoin ETF (BITO)N/A$18.48-0.1%N/AN/AN/AN/A
Bank of New York Mellon (BK)
4.6781 of 5 stars		$80.70-0.4%2.33%13.89Moderate Buy$88.71
Citizens Financial Group (CFG)
4.7818 of 5 stars		$40.44+1.3%4.15%13.35Moderate Buy$49.00
Compare These Stocks  Add These Stocks to My Watchlist 

Remove Ads

Featured Articles and Offers

3 AI Stocks to Watch After NVIDIA’s Dip

3 AI Stocks to Watch After NVIDIA’s Dip

NVIDIA may be down, but the AI boom isn’t slowing anytime soon! While investors react to short-term price swings, smart money is looking at three stocks that could benefit from NVIDIA’s continued domi

Related Videos

3 AI Bargain Stocks to BUY NOW After the DeepSeek Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads