HSBC Holdings plc (NYSE: HSBC) provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.
- Market Cap: 158.136 billion
- PE Ratio: 6.62
- EPS: 6.00
- Dividend Yield: 6.54%
U.K. bank HSBC has been one of the biggest leaders among major financial stocks this year, with a total return of 38.8% through July 20. That’s on top of its generous dividend yield, too. Like other major enterprises in the sector, it operates a diversified business, including personal and commercial banking, wealth management and capital markets segments – all areas that have been rising. HSBC reports later than some other financial stocks and won’t drop its second-quarter report until August. However, back in May it posted revenue growth of 64% year over year, proving the strength of its business. Therefore, HSBC is the best dividend paying bank stock for long term investors.