Who are we? HSBC Holdings Plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. HSBC Holdings operates worldwide.
Full company name: HSBC Holdings Plc
Headquarters: Canada Square, London,
Expiry formula: (Bid + Ask) / 2
Trading hours: Mon – Fri, 08:00 – 16:30 (EST)
Sir Thomas Sutherland founded the company in 1865, in Hong Kong. In 1991 the company brought Midland Bank in the UK in a strategic move to enter the UK market, and then crack international markets. The move has proved successful. Although now headquartered in London the bank retains influence in Hong Kong and China, where it is the largest foreign bank. HSBC Holdings Plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB services include working capital, term loans, payment services and international trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets. GB&M supports government, corporate and institutional clients across the world. GPB’s products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services.
How To Trade This Stock?
HSBC stock trading takes place on the London Stock Exchange under the HSBA tag, and on the Hong Kong and New York stock exchanges under the HBC tag. If it comes to online trading, traders are always looking for assets with high volatility and high trading volume. HSBC shares have both. Many traders earn on shares of this company. They closely follow the news of the world of the economy and the reports of HSBC to see and understand the whole picture of what is happening. And of course, we should not forget the technical analysis of the asset, paying special attention to the moving average. Even a runaway look at HSBC’s five-day stock price chart will be enough to understand how big the outlook is in trading that asset. The price fluctuates on a permanent basis, giving traders enough volatility to generate high revenues, with a proper approach to the issue.