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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. 
  • 5 stocks we like better than HSBC.

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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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
HSBC (HSBC)
2.7346 of 5 stars		$45.94-0.8%4.31%7.59HoldN/A
BlackRock (BLK)
4.589 of 5 stars		$1,036.46+0.8%1.97%25.58Moderate Buy$1,019.62
BNP Paribas (BNPQY)
2.8928 of 5 stars		$29.79-2.7%6.18%6.47Strong BuyN/A
Coinbase Global (COIN)
3.3598 of 5 stars		$304.64+3.2%N/A51.99Hold$251.00
Eastman Kodak (KODK)
0.874 of 5 stars		$5.27+1.9%N/A7.53N/AN/A
ProShares Bitcoin ETF (BITO)N/A$26.69+1.0%N/AN/AN/AN/A
Bank of New York Mellon (BK)
4.9414 of 5 stars		$80.14+1.6%2.35%17.42Moderate Buy$77.23
Citizens Financial Group (CFG)
4.5931 of 5 stars		$47.65+1.9%3.53%18.76Moderate Buy$44.80
Compare These Stocks  Add These Stocks to My Watchlist 


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