In this article, we discuss the 5 best European bank stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best European Bank Stocks to Buy Now.
5. HSBC Holdings plc (NYSE: HSBC)
Number of Hedge Fund Holders: 11
HSBC Holdings plc (NYSE: HSBC) is a British financial services company with offices in 65 countries around the world. As of the end of 2020, it is the second-largest bank in Europe by total assets. It is ranked fifth on our list of 10 best European bank stocks to buy now. The stock has returned over 25.40% to investors over the course of the past year.
On August 2, HSBC Holdings plc (NYSE: HSBC) posted earnings for the second quarter of 2021, reporting earnings per share of $0.85, breaking even with the estimates. The revenue over the period was around $12.5 billion, down 4.10% year-over-year.
At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $213 million in HSBC Holdings plc (NYSE: HSBC).
On August 3, DBS Bank raised its rating on HSBC Holdings plc (NYSE: HSBC) to Buy from Hold while reiterating a price target of 576.65 GBp.