The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

HSBA.L

Concerning the House

HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. The Hong Kong segment is involved in the retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. The UK segment engages in UK retail banking and wealth, as well as first direct and M&S Bank, UK Commercial Banking, and HSBC Innovation Bank. The Corporate and Institutional Banking segment is involved in transaction banking and capital markets. The International Wealth and Premier Banking segment is involved in the business comprising premier banking outside of Hong Kong and the UK, its private bank, asset management, and insurance businesses. The company was founded in 1865 and is headquartered in London, the United Kingdom.

United Kingdom · www.hsbc.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$17.66B$17.90B$12.93B$19.12B
Net income$4.73B$5.28B$4.94B$7.34B
Diluted EPS0.40
Quotation

$1,525.80

-11.90 (-0.8%)

52w hi$1,597.30
52w lo$938.48
Vol41.95M
As ofAug 13
The Verdict

Buy

Our score +0.73

Short+0.33
Medium+0.91
Long+1.17

computed 2026-08-13

By the Numbers

HSBC Holdings plc

Financial Services · Banks - Diversified

Market cap$262.19B
Enterprise value-$119.79B
Trailing P/E14.67x
Forward P/E10.86x
EV / EBITDA
P / S (ttm)3.89x
Profit margin37.8%
Return on equity13.1%
Revenue growth+25.4%
Earnings growth
Debt / equity
Risk Metrics
Beta vs SPX0.48
Corr SPX0.31
Annual vol25.1%
Annual ret+45.0%
Sharpe1.79
Max DD-24.3%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.55
Sector+0.09
Technical+0.51
Earnings+0.00
Sentiment-0.35

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$1,541.80$1,545.40$1,519.20$1,525.8041.95M
Aug 12$1,526.00$1,537.80$1,519.80$1,537.8031.80M
Aug 11$1,527.00$1,541.40$1,522.00$1,524.2010.47M
Aug 10$1,532.00$1,537.60$1,519.80$1,526.4012.74M
Aug 7$1,521.00$1,547.00$1,519.60$1,529.20100.55M