Technical Research on Credit Suisse and HSBC: Foreign Banks Provide Attractive Investment Opportunity

Technical Research on Credit Suisse and HSBC: Foreign Banks Provide Attractive
                            Investment Opportunity

PR Newswire

LONDON, February 26, 2013

LONDON, February 26, 2013 /PRNewswire/ --

The banking sector is finally coming out of the shadows of the financial
meltdown. However, it still faces the aftermath as many of the industry
stalwarts are being made to pay for their lax security measures and consequent
errors. HSBC Holdings plc (NYSE: HBC) agreed to settle its foreclosure issues
in the U.S. by paying multi-million dollar fines. At the very same time, it
faced charges for failing to control money laundering actions in the U.S.
Credit Suisse Group (NYSE: CS), on the other hand, reported strong results for
its fourth quarter. Overall, banking sector is poised to do well but is
required to take care of the regulatory issues. StockCall has posted free
technical research reports on Credit Suisse and HSBC Holdings and these can be
accessed by signing up at

HSBC Holdings plc Settles Foreclosure Case

HSBC Holdings plc is undertaking major business restructuring efforts as it
divested its Panama business. The deal is likely to be worth $2.1 billion and
the unit will be taken over by Bancolombia SA. Both parties expect the deal to
be finalized by the third quarter of this year. HSBC sold the unit to focus on
more lucrative markets such as Argentina and Mexico. The banking company
earlier disposed of its units in El Salvador and Costa Rica. The bank also
divested its stake in Chinese insurance company Ping An Insurance. At the very
same time, it has augmented its business in Latin America by boosting its
research team in the region. HSBC Holdings plc technical report can be
accessed for free by signing up at 

The banking company is facing its own set of regulatory issues as it is
currently embroiled in money laundering scandal. HSBC Holdings plc will pay
$1.9 billion in fines for failing to implement proper anti-money laundering
controls. The banking company also dealt with foreclosure issues by reaching a
settlement deal in the U.S. For this purpose, the company would be paying
fines worth $249 million. Despite these negative occurrences, HSBC Holdings
plc stock grew 21 percent in the past 12 months and is expected to perform
well. The stock also offers 3.31 percent dividend yield, making it an
attractive stock for income investors.

Credit Suisse Group Sells European ETF Business

Credit Suisse Group reported its fourth quarter results. The company
successfully curtailed its costs to boost margins. Credit Suisse Group's net
profit for the quarter stood at $435 million, up from the net loss of $698
million it had incurred for the corresponding quarter of the last year. For
fiscal year 2012, it earned $1.62 billion in net income, down 24 percent. The
bank is striving to cut its costs by year 2015. It also reported strong
performance of its wealth management unit. Download the free report on Credit
Suisse Group upon registration at 

Credit Suisse Group's stock is up 15 percent on YTD basis and it offers 2.91
percent dividend yield. The stock offers good investment opportunity with its
strong capital growth and robust dividend. It is expected to perform better as
the banking company goes ahead with its cost-cutting measures. It is also
divesting its businesses to streamline the operations. The company's European
ETF business is being bought by BlackRock. The unit was put on the block by
Credit Suisse Group in October last year. Overall, the Swiss-based bank is set
to provide good returns to its investors.

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