HSBC Becomes First European Bank to Hit $300 Billion Market Cap
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By Joe Easton
January 27, 2026 at 7:47 AM EST
HSBC Holdings Plc’s market capitalization surpassed $300 billion, a first for a European-listed lender.
The stock rose as much as 3%, hitting a record high, after Citigroup Inc. raised its price target due to a jump in wealth fees and a rebound in interbank lending rates in Hong Kong.
HSBC Becomes Europe’s First $300-Billion Bank
Shares boosted by wealth fees, Hong Kong lending rates
Source: Bloomberg
Citi analysts including Andrew Coombs kept a buy rating on the shares and put them on a “positive catalyst watch” ahead of full-year results on Feb. 25. Their new 1,370 pence target suggests about 10% upside from Monday’s close.
Tuesday’s gain extended this year’s rise to 9%, giving HSBC a market capitalization of £219.2 billion ($300.6 billion) as of midday in London. The stock had its biggest annual jump since 1999 last year, rising more than 50%.
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