Is the HSBC share price low enough to buy?

first_img I have long been a fan of HSBC Holdings (LSE: HSBA) as an investment. Unfortunately this is now one stock that coronavirus has me more uncertain about than any other. Unlike some other industries that I feel are oversold because of fear, banking has a big issue that could cause it trouble. Bankruptcies.There is almost no doubt that despite the government’s best efforts, many small businesses will go under. The lockdown is keeping people away from pubs and shops alike. Many firms simply will not survive. Almost all of these companies will have loans with banks – loans that they will not be able to repay.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ProvisionsIt is this figure that hurt HSBC’s quarterly results reported on Tuesday. The bank said it increased loan provisions to $3bn, in an effort to prepare for a run of bankruptcies caused by the lockdown. CFO Ewen Stevenson also warned of “deep, severe recession events” – not exactly confidence-inspiring.As always, it is the unknown that is of more worry than the facts. We simply do not know how many businesses will be going bankrupt. Nor do we know what the economic environment will look like when lockdown ends. If we did, we could make choices.Unfortunately, as HSBC investors, some of the prospects that make the stock interesting are no longer there. Once one of the best dividend yields on the FTSE 100, the bank has now suspended its payout. This is for the first time in 75 years, and came on the back of UK government pressure due to the coronavirus. Investors in Hong Kong are now threatening legal action.HSBC restructuringThe other key problem for HSBC is that its planned restructuring is now on hold. This was set to be a combination of job cuts and re-allocation of capital. Personally I am of the opinion that both of these things would be of great benefit to investors.HSBC has long had an overinflated headcount across its business. In addition, re-allocating assets and people away from less profitable areas and into better ones seemed likely to set HSBC on a good path for the future.Specifically, the bank was going to concentrate its efforts in Asia, where it is most profitable. An optimistic view may say that at least the plans are only on hold. In a first-in, first-out way, Asia seems likely to recover from the coronavirus before much of the rest of the world. This may mean HSBC will get even more benefit from reinstating its plans.However, it seems unlikely that either US or European lawmakers will be happy with the bank cutting jobs just as we head out of lockdown.To sum up my feelings around HSBC, I am certainly holding on to the stock I have, but I am not buying more. I can see potential for the current price to be a bargain, but for now things are just far too uncertain.I will. however, be watching this space! Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Karl Loomes | Wednesday, 29th April, 2020 | More on: HSBA Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997”center_img Is the HSBC share price low enough to buy? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Karl has shares in HSBC Holdings. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. 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