HSBC tops $300 billion market value for first time

Shares in HSBC jumped to a record high on Tuesday, briefly pushing the bank’s market value above 300 billion dollars for the first time.

What happened

• HSBC’s London-listed shares rose around 3% intraday, to roughly 12.8 pounds, taking its market capitalisation to about 219–220 billion pounds, just over 300 billion dollars.

• This makes HSBC the first European‑listed bank to cross the 300 billion dollar market‑cap threshold.

• The move extends a strong run: the stock is up about 9% year‑to‑date and had already gained more than 50% over the course of last year.

Why the market cap jumped

• The latest leg up followed a target price increase and upbeat commentary from Citi analysts, who cited stronger wealth‑management fees, higher Hong Kong interbank rates, and expected profit upgrades ahead of results.

• HSBC is benefiting from robust earnings growth, high profitability metrics, and optimism about further revenue and cost synergies from recent and planned strategic moves.

Where it sits in the market now

• At just over 300 billion dollars in market value, HSBC is now vying with AstraZeneca for the position of the most valuable company in London’s FTSE 100 index.

• Real‑time quote data show HSBC’s US‑listed shares around 88–89 dollars with a market cap just above 304 billion dollars, consistent with having cleared the 300 billion mark.