5 Most Profitable European Stocks

3. HSBC Holdings plc (NYSE:HSBC)

Latest TTM Net Income: $27.4 billion

HSBC Holdings plc (NYSE:HSBC) is a diversified British bank with a global operations base. After a global investment climate shakeup due to high policy rates in the developed world, the bank is currently expanding its operations in Asia by focusing on mergers and divestment.

Insider Monkey’s September quarter of 2023 survey covering 910 hedge funds revealed that 14 had held a stake in the bank. HSBC Holdings plc (NYSE:HSBC)’s largest hedge fund shareholder is Jim Simons’ Renaissance Technologies as it owns 1.4 million shares that are worth $56.2 million.

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