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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. 
  • MarketBeat previews the top five stocks to own by June 1st.

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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)
2.5189 of 5 stars		$59.57+0.4%3.32%9.61Moderate BuyN/A
BlackRock (BLK)
4.8987 of 5 stars		$972.820.0%2.14%23.15Moderate Buy$1,077.08
BNP Paribas (BNPQY)
4.3679 of 5 stars		$43.60-0.8%4.47%8.26Moderate BuyN/A
Coinbase Global (COIN)
3.2481 of 5 stars		$269.14+3.9%N/A28.30Moderate Buy$266.40
Eastman Kodak (KODK)
1.4465 of 5 stars		$6.05-0.9%N/A8.61N/AN/A
ProShares Bitcoin ETF (BITO)N/A$23.61+3.1%53.72%N/AN/AN/A
Bank of New York Mellon (BK)
4.6854 of 5 stars		$89.34+0.5%2.10%15.37Moderate Buy$91.31
Citizens Financial Group (CFG)
4.9175 of 5 stars		$39.82+0.4%4.22%13.13Moderate Buy$47.50
Compare These Stocks  Add These Stocks to My Watchlist 

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