4 Best European Bank Stocks to Buy Now

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1. HSBC Holdings plc (NYSE:HSBC)

Number of Hedge Fund Holders: 16

HSBC Holdings plc (NYSE:HSBC) provides banking and financial services worldwide. The company operates through 3 business segments: Wealth & Personal Banking, Commercial Banking, and Global Banking & Markets. 

Analysts are bullish on HSBC Holdings plc (NYSE:HSBC). On June 15, Investec analyst Ian Gordon upgraded HSBC Holdings plc (NYSE:HSBC) to Buy from Hold and gave the stock a 560 GBP price target. On June 24, Redburn analyst Fahed Kunwar upgraded HSBC Holdings plc (NYSE:HSBC) to Buy from Neutral.

Apart from positive analyst sentiment, HSBC Holdings plc (NYSE:HSBC) is currently trading at bargain levels and is also awarding its shareholders with dividends, which makes it rank high among the best European bank stocks to buy now. As of July 5, HSBC Holdings plc (NYSE:HSBC) has a forward dividend yield of 3.82% and a trailing-twelve-month PE ratio of 11.09.

Institutional investors are bullish on HSBC Holdings plc (NYSE:HSBC). Insider Monkey found 16 hedge funds bullish on HSBC Holdings plc (NYSE:HSBC) at the close of Q1 2022. These funds held collective stakes worth $221.62 million in the company, up from $150.19 million in the prior quarter with 10 positions. The hedge fund sentiment for the stock is positive.

As of March 31, Jim Simons’ Renaissance Technologies is the most bullish hedge fund on HSBC Holdings plc (NYSE:HSBC). The fund owns over 2.8 million shares of the European bank which amount to a stake of $95.99 million.

You can also take a look at 10 European Defense Stocks to Buy Now and 14 Best European Dividend Stocks To Buy.

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