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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. 
  • Interested in HSBC? Here are five stocks we like better.

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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)
2.4535 of 5 stars		$56.74+0.1%3.49%9.15Moderate BuyN/A
BlackRock (BLK)
4.8094 of 5 stars		$923.48-0.6%2.26%21.99Moderate Buy$1,077.08
BNP Paribas (BNPQY)
3.6338 of 5 stars		$43.57+1.0%4.48%8.25Moderate BuyN/A
Coinbase Global (COIN)
4.4136 of 5 stars		$199.47-3.4%N/A21.00Hold$268.65
Eastman Kodak (KODK)
1.4719 of 5 stars		$5.37-19.9%N/A7.67N/AN/A
ProShares Bitcoin ETF (BITO)N/A$21.79+1.8%63.42%N/AN/AN/A
Bank of New York Mellon (BK)
4.8729 of 5 stars		$85.90+0.5%2.19%14.78Moderate Buy$91.31
Citizens Financial Group (CFG)
4.866 of 5 stars		$39.12+0.3%4.29%12.91Moderate Buy$46.18
Compare These Stocks  Add These Stocks to My Watchlist 

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