Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBCs international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Companby has listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

            Red = 25 day moving average.           Green = 200 day moving average.

I belatedly agree . The adverse US sub prime market needs to play out further . I think we shall see more bad news in this market that may prove to be a drag on the share price. These type of events have a tendency to get worse and spread further afield. However, HSBC is a battleship of a company and I would be happy to take a contrarian view and purchase the shares a lower levels.

sp 787p following hsbc's decision to incorporate 2 SIVs into its balance sheet. Sub prime outlook continue to worsen and credit squeeze showing no signs of let up. However, Company better placed than many to cope and weak conditions may well present Company with some cheap opportunities. The week US$ has a depressing effect on the quarterly dividend when converted to Sterling which Company may take into account on future paments. However, still waiting patiently for now to buy.

turnover to rise substantially this year. Gworth in Asia and will fuel higher growth and keep US out of the wood.

Higher prices for commodities mean higher turnover and more valuable assets. credit crunch is not going to happen.

Good cleanup.

of course HSBC is the one major bank that is definitely NOT looking for a bailout ...... say no more, say no more!

Doesn't mean HSBC won't have its share of bad debts as the worldwide recession takes hold, better to steer clear of all banks till the "dust" of the credit crunch has finally settled.

got in this morning and now banked a nice little profit, so no complaints from either this quarter or the bank manager

more than 10% down why, any bad news?.

more than 15% down in the same day, with no news why. other banks are down but in much less %.

I can only assume it is a hedge fund forced selling.

I don't believe HSBC is in trouble

it's to do with fears of the impact of recession etc in emerging nations and F/E where HSBC has large exposure

I guess so, thanks anyway for your input

Why should HSBC be any different to other banks following the credit crunch and don't forget their massive exposure to property lending in the far east especially in Hongkong.

because they were seemingly that much more prudent than many others ..... and that is propobly indeed the case, even if they are not immune

They weren't very prudent in the US when they were the first to buy a sub prime mortgage bank for us$billions.

So the far east property is the case, the share price is going down so much, any idea for how much will go down?. thanks.

HSBC falls after Goldman cuts to 'sell'

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Shares in HSBC fall 4.8 percent, making them among the top losers on the FTSE 100, after Goldman Sachs downgrades Europe's biggest bank to 'sell' from 'neutral' and slashes its price target to 650 pence from 950 pence.

The broker says in a report on Euoropean banks that recent actions by policymakers across the globe has eroded the outperformance of HSBC, which has relatively strong liquidity and capital position.

'Our fundamental view on the sector is that the focus will move from liquidity concerns to on balance sheet lenders as the credit cycle deteriorates, which is where our key concern exists for HSBC. If the market continues to focus on franchise strength and ignores underlying earnings trends, then HSBC is likely to continue to outperform,' Goldman says.

Trust GS to put the boot in..

Not before they added a significant short position no doubt

anyone think HSBC in trouble? the dropping SP would appear to be in 'sympathy' with the other banks but not quite to the same extent. I am still holding.
Alex

We would be very cautious HSBC has still big exposure to sub prime in the US business in China/Hongkong is crashing as are property values, the question is have they come clean on their need to make more massive provisions for bad debts? As we have seen with Citigroup the bigger you "were" the harder you fall.