It’s fair to say the Bank of England’s recent stress tests told us what we already know about HSBC (LSE: HSBA) (NYSE: HSBC.US) — that it’s a very well-capitalised bank that should easily withstand a UK recession. However, this is a global behemoth, and it’s entirely possible that it could be hit by problems elsewhere — although arguably any such concerns are already in the price.
Is HSBC Holdings plc A Buy Now It’s Passed The BOE’s Stress Test?
VIDEO: One Fool puts HSBC Holdings plc (LON:HSBA) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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