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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. 
  • Five stocks to consider instead of 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 Moderate Buy 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)
2.1742 of 5 stars		$58.41-1.3%3.39%10.72Moderate Buy$63.00
BlackRock (BLK)
4.8722 of 5 stars		$974.60-0.5%2.14%23.68Moderate Buy$1,096.31
BNP Paribas (BNPQY)
4.4043 of 5 stars		$42.66-2.8%4.71%8.20HoldN/A
Coinbase Global (COIN)
2.9426 of 5 stars		$308.38+4.4%N/A57.75Moderate Buy$271.88
Eastman Kodak (KODK)
1.4962 of 5 stars		$5.71-2.5%N/A11.66N/AN/A
ProShares Bitcoin ETF (BITO)N/A$20.67-0.5%57.62%N/AN/AN/A
Bank of New York Mellon (BK)
4.4267 of 5 stars		$91.580.0%2.05%14.92Moderate Buy$91.85
Citizens Financial Group (CFG)
4.9364 of 5 stars		$41.70+0.9%4.03%13.24Moderate Buy$47.89
Compare These Stocks  Add These Stocks to My Watchlist 

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