HSBC is demonstrating accelerating earnings momentum, with Q2 2026 EPS growth of 69.2% YoY and a 9.0% NII increase, driven by its core Asian franchise and significant operational leverage. However, the investment thesis is clouded by a persistent $0 in reporte...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is accelerating, with Q2 2026 NII up 9.0% YoY and non-interest income at $9.8B, but profitability is constrained by a structurally low Net Interest Margin of 0.3%, suggesting earnings quality is heavily dependent on maintaining fee generation in competitive markets.
HSBC is reallocating capital towards Asian wealth management and fee-driven businesses to enhance profitability.
The company aims to improve its cost-to-income ratio through cost discipline and digital investments.
HSBC maintains a robust capital, funding, and liquidity position, essential for navigating economic uncertainties.
The stock has a high P/E ratio of 11.29, suggesting it may be overvalued.
Worsening market conditions in regions like India pose macroeconomic risks.
Concerns exist regarding HSBC's execution risk in exiting non-core activities.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $2.25+0.4% vs $2.24 | $19.0B+2.1% vs $18.7B |
Q2 2026 May 5, 2026 | $2.00-8.3% vs $2.18 | $19.1B+2.8% vs $18.6B |
Q1 2026 Feb 25, 2026 | $1.85+2.8% vs $1.80 | $17.7B+4.0% vs $17.0B |
Q4 2025 Oct 28, 2025 | $1.80+9.1% vs $1.65 | $33.5B+108.8% vs $16.0B |
LONDON and NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Partnering with Nasdaq, HSBC has adopted Nasdaq Calypso for the bank's exchange-traded derivatives (ETD) clearing platform, providing HSBC with a fully integrated set of clearing capabilities.
HSBC just flipped its rating on Synopsys with a price target that towers above Wall Street consensus, and the reasoning behind it reframes the chip design giant as something the market may not have priced in yet.
Britain's biggest banks just moved real mortgage money across a blockchain and released it automatically when a property transfer confirmed, and the Bank of England is backing the technology over stablecoins for a reason that could reshape how sterling moves between institutions.
HSBC is re-entering India's equity broking business after an absence of more than a decade, seeking to capitalise on a robust pipeline of share sales and rising demand from wealthy clients for equity market products, two people with direct knowledge of the matter said.
Benchmark HSBC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for HSBC Holdings plc (HSBC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $96.14 | $330.41B | 15.89 | 25.58% | 15.11% | 11.23% | 3.43% | |
| $128.50 | $220.37B | 18.38 | 5.11% | 9.34% | 7.49% | — | |
| $332.38 | $890.62B | 16.58 | 7.32% | 20.66% | 16.32% | — | |
| $53.75 | $381.44B | 14.07 | 11% | 18.13% | 10.5% | — | |
| $23.71 | $79.94B | 9.95 | -6.28% | 19.76% | 10.1% | — | |
| $34.97 | $65.71B | 10.06 | 6.86% | 27.87% | 9.38% | — |
HSBC Holdings plc (HSBC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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HSBC Holdings plc (HSBC) stock FAQ — growth, dividends, profitability & financials explained
HSBC Holdings plc (HSBC) grew revenue by 25.6% over the past year. This is strong growth.
Yes, HSBC Holdings plc (HSBC) is profitable, generating $25.49B in net income for fiscal year 2025 (15.1% net margin).
Yes, HSBC Holdings plc (HSBC) pays a dividend with a yield of 3.43%. This makes it attractive for income-focused investors.
HSBC Holdings plc (HSBC) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.
HSBC Holdings plc (HSBC) has a net interest margin (NIM) of 1.1%. NIM has been under pressure due to interest rate environment.
HSBC Holdings plc (HSBC) has an efficiency ratio of 34.4%. This is excellent, indicating strong cost control.
