So I have been following the stock for some time and bought some stocks at roughly 8€.
It had a good run the last year but after the earnings report for last year it plummeted and is now moving basically sideways.
Simultaneously, BNP Paribas performed much better (and Santander too but I don't own any of it).
Should I just take the losses and try to get it back with another stock? I was pretty found of HSBC honestly. They are very big in Asia and have a reasonable market share in European countries. I really hope that they will become bigger in Europe in the long term.
But what alternatives are there? I want my money to stay in the financials sector since I already have enough money in other sectors. As mentioned Paribas and Santander already had a good run. The big Japanese, Chinese, Canadian and Australian banks don't look really desirable to me and I don't know much about them to be honest.
Leaving the American banks. If I'm not mistaken BAC would profit the most from interest rates being raised but the current political situation makes it a bit volatile.
Any thoughts to share?
TL;DR lost some money on HSBC. Any good alternatives in the financial sector or should I stay with it?
Submitted May 28, 2017 at 04:46PM by ForDaLulz http://ift.tt/2saYAVR
