This Overlooked Bank Stock Now Pays 5.33%

Investors have been in a love-hate relationship with bank stocks. On one hand, banks can be some of the most solid businesses. A well-run financial institution can generate steadily increasing returns for income investors. On the other hand, banks can also be risky. The failure of a large number of banks in the 2007-2008 financial crisis serve as the latest reminder.

Because of what happened in the last financial crisis, investors may have second thoughts about putting their money in bank stocks. And that skepticism has led to the lackluster share price performance of a huge financial institution, HSBC Holdings plc (NYSE:HSBC). HSBC was first established as The Hongkong and Shanghai Banking Corporation in 1865. Today, it is a multinational bank holding company with 4,000 offices in 70 countries and territories around the world. Headquartered in London, U.K., HSBC is one of the biggest banks in the world with $2.4 trillion in assets.

Source: Income Investor

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