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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. HSBC Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

HSBC (HSBC)

Market Price (9/15/2025): $68.63 | Market Cap: $240.5 Bil
Sector: Financials | Industry: Diversified Banks

HSBC (HSBC)

Market Price (9/15/2025): $68.63
Market Cap: $240.5 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%		 Trading close to highs
Dist 52W High is -0.7%, Dist 3Y High is -0.7%		 
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48%		  
2 Low stock price volatility
Vol 12M is 24%		  
3 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 18%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48%
2 Low stock price volatility
Vol 12M is 24%
3 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 18%
4 Trading close to highs
Dist 52W High is -0.7%, Dist 3Y High is -0.7%

Market Valuation

 9/15/252024202320222021
Share Price CYE$68.63$47.18$35.09$25.16$23.35
Market Cap CYE ($ Bil)240.5169.4134.299.396.3
Total Debt ($ Bil)129.7242.3235.2204.2223.6
Total Cash ($ Bil)246.4284.5299.6350.1422.4
Enterprise Value ($ Bil)123.9411.7369.4303.5319.9
Valuation Ratios     
P/S TTM3.52.72.52.31.9
P/EBIT TTM0.00.00.00.00.0
P/E TTM12.77.66.78.08.8
Sector Ratios     
P/S TTM (Sector)3.23.12.82.83.4
P/EBIT TTM (Sector)7.26.97.17.17.0
P/E TTM (Sector)12.811.610.19.410.0
 9/15/2520242023
Share Price CYE$68.63$47.18$35.09
Market Cap CYE ($ Bil)240.5169.4134.2
Total Debt ($ Bil)129.7242.3235.2
Total Cash ($ Bil)246.4284.5299.6
Enterprise Value ($ Bil)123.9411.7369.4
Valuation Ratios   
P/S TTM3.52.72.5
P/EBIT TTM0.00.00.0
P/E TTM12.77.66.7
Sector Ratios   
P/S TTM (Sector)3.23.12.8
P/EBIT TTM (Sector)7.26.97.1
P/E TTM (Sector)12.811.610.1

Market Cap Chart

Business Description

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
HSBC Return-32%21%8%39%34%46%143%
Peers Return-19%33%-18%16%36%23%72%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, WFC, C, USB. See HSBC Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

HSBC Interactive Breakdown Analysis

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1HSBC Rallied 5.7% In A Month. Have You Fully Evaluated The Risk?Return 
2HSBC Dip Buy Analysis  
3HSBC Total Shareholder Return (TSR): 34.4% in 2024 and 26.4% 3-yr compounded annual returns (above peer average)  
4Time To Buy HSBC Stock?Buy or Fear 
5HSBC (HSBC) Operating Cash Flow ComparisonFinancials 
6HSBC (HSBC) Net Income ComparisonFinancials 
7HSBC (HSBC) Stock Has 45% Chance Of Rise In The Next One MonthChance of Rise 
8HSBC (HSBC) Stock Has 48% Chance Of Rise In The Next One MonthChance of Rise 
9Dates Cached For HSBC  
10HSBC Stock Return ComparisonReturn 
11ARTICLES  
12What’s New With HSBC Stock? August 28th, 2025
13HSBC Fell 5.5% In A Day. What To Do Now?. July 31st, 2025
14Large Cap Stocks Trading Near 52W High July 10th, 2025
15What’s New With HSBC Stock? June 16th, 2025
16What’s Happening With HSBC Stock? May 13th, 2025

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1OCTOEightco900.0%562.1%
2QMMMQMMM875.3%5698.4%
3WLDSWearable Devices780.4%8.0%
4CWDCaliberCos268.8%-45.1%
5AIREReAlpha Tech257.5%-49.8%
6PTNMPitanium154.0% 
7OPIOffice Properties Income Trust144.0%-42.6%
8HYPDHyperion DeFi144.0% 
9ISPCiSpecimen128.4%-26.6%
10EDHLEverbright Digital127.6% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-85.6% 
2LGCLLucas GC-69.1%-76.6%
3YYGHYY-68.7%-76.6%
4BINIBollinger Innovations-61.6%-100.0%
5IPDNProfessional Diversity Network-54.5%-41.4%
6INHDInno-53.4%-4.4%
7CDTCDT Equity-49.2%-99.4%
8NFENew Fortress Energy-46.5%-91.3%
9TGHLGrowhub-44.8% 
10SLXNSilexion Therapeutics-43.1%-86.5%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11249.2%11249.2%
2GIBOGIBO7400.0% 
3LNZALanzaTech Global4710.5%-85.8%
4CHSNChanson International3717.0%-99.3%
5QMMMQMMM2669.4%5698.4%
6VTAKCatheter Precision1332.7%-71.4%
7CURXCuranex Pharmaceuticals1309.0%1309.0%
8OCTOEightco811.9%562.1%
9WLDSWearable Devices708.6%8.0%
10PTNMPitanium423.7% 

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1BINIBollinger Innovations-93.4%-100.0%
2ETSElite Express-92.8%-92.8%
3CJETChijet Motor-92.7%-94.6%
4ELPWElong Power-91.7%-75.8%
5STFSStar Fashion Culture-91.4%-97.8%
6JEM707 Cayman-90.4%-98.0%
7FLYEFly-E-90.4%-82.8%
8NXTTNext Technology-89.3%-93.8%
9NUTRNusaTrip-87.2%-87.2%
10CUPRCuprina-84.3% 

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1OCTOEightco900.0%562.1%
2QMMMQMMM875.3%5698.4%
3WLDSWearable Devices780.4%8.0%
4CWDCaliberCos268.8%-45.1%
5AIREReAlpha Tech257.5%-49.8%
6PTNMPitanium154.0% 
7OPIOffice Properties Income Trust144.0%-42.6%
8HYPDHyperion DeFi144.0% 
9ISPCiSpecimen128.4%-26.6%
10EDHLEverbright Digital127.6% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-85.6% 
2LGCLLucas GC-69.1%-76.6%
3YYGHYY-68.7%-76.6%
4BINIBollinger Innovations-61.6%-100.0%
5IPDNProfessional Diversity Network-54.5%-41.4%
6INHDInno-53.4%-4.4%
7CDTCDT Equity-49.2%-99.4%
8NFENew Fortress Energy-46.5%-91.3%
9TGHLGrowhub-44.8% 
10SLXNSilexion Therapeutics-43.1%-86.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for HSBC

Financials

HSBCJPMBACWFCCUSBMedian
NameHSBC JPMorgan.Bank of .Wells Fa.CitigroupU.S. Ban. 
Mkt Price68.65306.9150.5881.4699.4449.1375.06
Mkt Cap240.6855.9388.3263.3184.676.6252.0
Rev LTM69,072175,656103,43581,46283,11327,71582,288
Op Inc LTM-------
FCF LTM--148,6154,550-9,143-93,6867,484-9,143
FCF 3Y Avg--56,10424,36513,467-65,69010,62010,620
CFO LTM--148,6154,550-9,143-87,1657,484-9,143
CFO 3Y Avg--56,10424,36513,467-59,18210,62010,620

Growth & Margins

HSBCJPMBACWFCCUSBMedian
NameHSBC JPMorgan.Bank of .Wells Fa.CitigroupU.S. Ban. 
Rev Chg LTM6.9%8.2%5.4%-1.7%6.3%1.7%5.8%
Rev Chg 3Y Avg8.3%13.5%5.0%2.8%4.3%6.5%5.8%
Rev Chg Q5.7%6.7%6.0%-0.6%8.1%2.0%5.9%
QoQ Delta Rev Chg LTM1.4%1.6%1.5%-0.1%2.0%0.5%1.5%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM--84.6%4.4%-11.2%-104.9%27.0%-11.2%
CFO/Rev 3Y Avg--32.5%24.8%16.4%-74.6%39.0%16.4%
FCF/Rev LTM--84.6%4.4%-11.2%-112.7%27.0%-11.2%
FCF/Rev 3Y Avg--32.5%24.8%16.4%-82.8%39.0%16.4%

Valuation

HSBCJPMBACWFCCUSBMedian
NameHSBC JPMorgan.Bank of .Wells Fa.CitigroupU.S. Ban. 
Mkt Cap240.6855.9388.3263.3184.676.6252.0
P/S3.54.93.83.22.22.83.4
P/EBIT-------
P/E12.715.113.912.813.011.112.9
P/CFO--5.885.4-28.8-2.110.2-2.1
Total Yield7.9%6.6%7.2%9.8%7.7%13.1%7.8%
Dividend Yield0.0%0.0%0.0%2.0%0.0%4.1%0.0%
FCF Yield 3Y Avg--7.4%8.7%8.1%-56.0%18.4%8.1%
D/E0.50.60.90.82.01.00.8
Net D/E-0.5-0.5-0.8-0.6-1.0-0.9-0.7

Returns

HSBCJPMBACWFCCUSBMedian
NameHSBC JPMorgan.Bank of .Wells Fa.CitigroupU.S. Ban. 
1M Rtn7.5%5.7%8.4%5.7%6.1%7.0%6.6%
3M Rtn16.9%15.8%15.4%13.2%31.1%15.5%15.7%
6M Rtn22.3%32.9%25.1%16.3%46.7%19.6%23.7%
12M Rtn66.7%52.8%33.9%57.8%77.7%15.1%55.3%
3Y Rtn177.2%180.1%58.7%99.8%130.2%23.9%115.0%
1M Excs Rtn3.8%3.8%5.8%2.8%3.2%3.6%3.7%
3M Excs Rtn6.1%5.5%5.1%1.8%19.0%3.6%5.3%
6M Excs Rtn6.2%17.9%9.7%1.1%30.8%3.6%8.0%
12M Excs Rtn49.1%32.1%12.0%34.5%57.1%-5.8%33.3%
3Y Excs Rtn114.4%119.5%-2.3%35.8%63.9%-41.7%49.8%

FDIC Bank Data

Bank Loans

[valid:true, table:

FDIC Data As Of12312024
LOAN DETAILS 
All Real Estate Loans ($ Bil)25
Farm Loans ($ Bil)0
Commercial and Industrial Loans ($ Bil)20
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)0
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)0
Commercial Real Estate Owner-Occupied ($ Bil)0
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)2
Total Net Loans ($ Bil)57
, map:[FDIC Data As Of:12312024, LOAN DETAILS:null, All Real Estate Loans ($ Bil):25.190027, Farm Loans ($ Bil):0.120084, Commercial and Industrial Loans ($ Bil):20.044419, Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil):0.266922, Commercial Real Estate Loans not Secured by Real Estate ($ Bil):0.088700, Commercial Real Estate Owner-Occupied ($ Bil):0.315913, Commercial Real Estate Other Non-Farm Non-Residential ($ Bil):1.858033, Total Net Loans ($ Bil):56.625039]]

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/30/20254/29/20252/20/202510/29/20247/31/20244/30/20242/22/202410/30/20238/1/20235/2/20232/22/202310/25/2022
Key Financials Quarterly            
Total Revenue17,65717,74016,74916,92616,70117,02015,03415,85120,03016,53015,03713,917
Net Income4,7337,3243516,5166,52810,584-286,0536,76310,7454,5022,465
EPS1.301.950.101.701.752.700.001.451.702.601.100.50
Key Financials TTM            
Total Revenue TTM69,07268,11667,39665,68164,60667,93567,44567,44865,51457,43453,12953,907
Net Income TTM18,92420,71923,97923,60023,13723,37223,53328,06324,47523,06115,55912,987
Growth Rates Quarterly            
Total Revenue Growth5.7%4.2%11.4%6.8%-16.6%3.0%-0.0%13.9%67.6%35.2%-4.9%-6.5%
Net Income Growth-27.5%-30.8%1353.6%7.6%-3.5%-1.5%-100.6%145.6%26.4%231.3%133.3%-39.0%
Margins Quarterly            
Net Income Margin26.8%41.3%2.1%38.5%39.1%62.2%-0.2%38.2%33.8%65.0%29.9%17.7%
Cash & Debt            
Total Cash246,360254,660284,515252,310287,089275,943299,569298,779318,382327,554350,051309,505
Total Debt129,698100,051242,347103,414123,668101,444235,15989,107108,75785,351204,23987,527
Net Debt / (Cash)-116,662-154,609-42,168-148,896-163,421-174,499-64,410-209,672-209,625-242,203-145,812-221,978
Cash Flows Quarterly            
FCF from Operations------------
Cash Flows TTM            
FCF from Operations TTM------------
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC-83.6%-61.6%-259.8%------
Return on Invested Capital (ROIC) TTM            
ROIC TTM-60.0%-56.2%-146.0%------

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Wealth and Personal Banking26,84820,772 20,47421,252
Commercial Banking22,39616,207 14,11416,094
Global Banking and Markets15,77114,542 18,65120,314
Corporate Centre-103-1,934 -1,469-2,716
Total64,91249,587 51,77054,944


Assets by Segment
$ Mil20242023202220212020
Global Banking and Markets1,298,0651,305,3191,171,9091,319,3891,310,772
Wealth and Personal Banking915,062873,688905,024869,924793,100
Commercial Banking613,124602,624605,696562,125523,585
Corporate Centre146,296161,872178,074187,189156,354
Currency translation66,1305,78397,23645,537-68,659
Total3,038,6772,949,2862,957,9392,984,1642,715,152


Price Behavior

HSBC Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.470.780.870.800.720.67
Up Beta0.520.410.470.580.540.61
Down Beta0.06-0.430.331.010.930.74
Up Capture88%149%117%93%91%50%
Bmk +ve Days10223571142415
Stock +ve Days14273874152427
Down Capture7%127%127%90%70%83%
Bmk -ve Days11192754106334
Stock -ve Days614245195316

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity4,550,027
Short Interest: % Change Since 8152025-4.9%
Average Daily Volume1,052,669
Days-to-Cover Short Interest4.32
Basic Shares Quantity3,504,600,000
Short % of Basic Shares0.1%

Returns Analyses

Insider Activity

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Industry Resources

External Quote Links


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