HSBC (ADR) (HSBC)
Connects home-market banking in Hong Kong and Britain with cross-border corporate and wealth services.
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Provides retail and commercial banking in Hong Kong and Britain, alongside cross-border institutional banking, markets, payments, trade finance, private banking, asset management and insurance. Its network links two home markets with internationally mobile companies and wealth clients, while regulated banking and financial-crime controls shape operations.
Organizes its banking franchises around Hong Kong and Britain, where retail, wealth and commercial banking serve the two home markets. The wider group also owns Hang Seng Bank and operates dedicated businesses for corporate and institutional clients and internationally mobile wealth customers.
Connects companies across jurisdictions through commercial banking, global banking and markets, foreign exchange, payments, trade solutions and securities services. Premier banking, private banking, asset management and insurance extend the network to affluent and high-net-worth clients outside the home markets.
Built around cross-border connectivity, the model draws on a banking network created for trade and later expanded through acquisitions. Operations depend on bank licenses, prudential capital and liquidity requirements, and effective financial-crime controls. Geographic exposure remains concentrated in Hong Kong and Britain, while transaction banking and wealth flows link the international businesses.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 14, 2026 | Exane BNP Paribas | Downgrade | ||
| Dec 17, 2025 | Keefe, Bruyette & Woods | Upgrade | ||
| Dec 10, 2025 | B of A Securities | Upgrade | ||
| Nov 20, 2025 | Erste Group | Upgrade | ||
| Oct 10, 2025 | Jefferies | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $632.77B · Total debt $132.90B · Total assets $3.44T · Shareholders' equity $196.68B
- Revenue
- $34.16B
- Operating income
- $10.15B
- Net income
- $7.91B
HistoryDividendAnnual yield
| Institutions | 2.47% | 84.90M ADS | |
|---|---|---|---|
| 748 holders · as of Jun 30, 2026 | |||
| Other | 97.53% | 3.35B ADS | |
| remainder | |||
3.44B ADS as of Sep 6, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Fisher Asset Management, LLCInstitution | 0.54% | 18.57M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 0.29% | 9.81M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.24% | 8.08M ADS | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 0.16% | 5.66M ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 0.13% | 4.34M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Daniel Scott Palomaki | officer: Global Financial Controller | −23,123 | $18.11 |
| Mar 27, 2026 | Jonathan Bingham | officer: Global Financial Controller | +13 | $15.81 |
- Barclays (ADR)
Broad UK banking and global institutional-market overlap
- Citi
Global rival in transaction services, markets and international wealth
- Lloyds Banking Group (ADR)
Scale competitor across UK retail, mortgages and commercial banking
- UBS (ADR)
Specialist threat in global wealth and Asia-Pacific private banking
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HSBC (ADR) | $101.31 | −1.84% | $354.70B | 14.9 | 11.6 | 2.6 | +32.2% |
| Barclays (ADR) | $25.05 | −1.01% | $85.30B | 9.8 | 5.7 | 1.6 | −55.9% |
| Citi | $131.39 | −2.71% | $231.60B | 14.6 | 11.3 | 1.3 | +14.3% |
| Lloyds Banking Group (ADR) | $5.81 | −1.36% | $85.49B | 13.8 | 8.6 | 1.0 | −64.8% |
| UBS (ADR) | $49.18 | −3.67% | $167.36B | 18.0 | 12.3 | 2.2 | +15.6% |
| Median | 14.2 | 9.9 | 1.5 | −20.8% |