HSBC
HSBC Holdings plc
There isn't enough reported data to score HSBC yet.
JPM
JPMorgan Chase & Co.
JPM's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 12x. Analysts expect earnings growth.
HSBC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| N/A | |
| N/A |
HSBC's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like HSBC.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
HSBC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $8.88 | -90% |
| Fair | 11x | $13.20 | -85% |
| Current | 15x | $89.08 | — |
| Expensive | 16x | $19.46 | -78% |
Historical ranges are pointers, not guarantees.
HSBC's PE is 15x, but its earnings don't support one, so it isn't a reliable read right now.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM has the edge over HSBC in the historical PE scenario, which offers more potential upside but is not a forecast.
HSBC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HSBC, with profitability holding steady.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
JPM has the edge over HSBC on the outlook, with more favorable profitability expectations.
HSBC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.20 | -3.2% |
| Q2 2025 | $1.01 | -13% |
| Q4 2024 | $1.24 | +8.8% |
| Q2 2024 | $1.16 | -2.5% |
| Q4 2023 | $1.14 | +54% |
| Q2 2023 | $1.19 | +78% |
| Q4 2022 | $0.74 | +19% |
| Q2 2022 | $0.67 | +49% |
HSBC earned $1.20 per share over the past year, up 5.3% from the year before.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over HSBC in the latest year-over-year earnings comparison.
HSBC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $34.2B | +20% |
| Q2 2025 | $34.1B | -8.5% |
| Q4 2024 | $28.6B | -2.1% |
| Q2 2024 | $37.3B | +1.1% |
| Q4 2023 | $29.2B | +10% |
| Q2 2023 | $36.9B | +46% |
| Q4 2022 | $26.5B | +10% |
| Q2 2022 | $25.2B | -1.2% |
HSBC has the edge over JPM in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 38% | +1.7 points |
| Q2 2025 | 44% | -10 points |
| Q4 2024 | 33% | +6.4 points |
| Q2 2024 | 53% | +23 points |
| Q4 2023 | 36% | +8 points |
| Q2 2023 | 54% | +19 points |
| Q4 2022 | 27% | +11 points |
| Q2 2022 | 31% | +18 points |
HSBC's operating margin was 38% last quarter, up 1.7 points from the same quarter a year ago.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM's revenue has grown year over year for five quarters in a row: $50.2B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM's operating margin was 40% last quarter, about level with the same quarter a year ago.
HSBC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $15.6B | -59% |
| Q2 2025 | $12.7B | -52% |
| Q4 2024 | $37.7B | +362% |
| Q2 2024 | $26.2B | -12% |
| Q4 2023 | $8.2B | +$29.5B |
| Q2 2023 | $29.8B | -36% |
| Q4 2022 | -$21.4B | -149% |
| Q2 2022 | $46.5B | -22% |
HSBC's free cash flow was $92.3B over the past year, up 46% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HSBC.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
HSBC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -225M shares |
| 1 year | -10% | -2.1B shares |
| 3 years | -13% | -2.7B shares |
| 5 years | +370% | +13.8B shares |
HSBC has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $3.7B |
| Q2 2025 | $5.4B |
| Q4 2024 | $6B |
| Q2 2024 | $5.3B |
| Q2 2023 | $1.3B |
| Q2 2022 | $1.8B |
| Q4 2020 | — |
| Q2 2020 | — |
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has 2.7B diluted shares, down 3.1% from a year ago, with $24.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
HSBC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -10.1x | Net Cash |
| Q4 2023 | -11.6x | Net Cash |
| Q2 2023 | -13.7x | Net Cash |
| Q4 2022 | -22.6x | Net Cash |
| Q2 2022 | -24.1x | Net Cash |
| Q4 2021 | -24.3x | Net Cash |
| Q2 2021 | -26.4x | Net Cash |
| Q4 2020 | -28.3x | Net Cash |
HSBC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HSBC.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
HSBC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 11.4 | Oversold |
HSBC's weekly RSI is 42 (neutral) and its Stochastic is 11 (oversold).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
HSBC PE vs Financial Services Sector
| Metric | HSBC | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 14% above |
| PE % | 74 | 63 | 11 pts above |
HSBC is trading at 15x earnings, a 14% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM has the edge over HSBC on valuation relative to its sector.
HSBC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.1 | 3.3% below |
| 20 week MA | $98.6 | 9.7% below |
| 50 week MA | $91.0 | 2.1% below |
| 100 week MA | $75.6 | 18% above |
| 200 week MA | $58.0 | 54% above |
HSBC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 54% above its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM has the edge over HSBC on trend strength, trading above more of its moving averages.
HSBC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.0 | $26.1 | -33% |
| 2021 | $26.1 | $29.9 | +15% |
| 2022 | $29.9 | $30.9 | +3.6% |
| 2023 | $30.9 | $40.5 | +31% |
| 2024 | $40.5 | $49.3 | +22% |
| 2025 | $49.3 | $80.0 | +62% |
| 2026 YTD | $80.0 | $89.1 | +11% |
HSBC has the edge over JPM on returns for 2026, with the stronger performance.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has finished higher in four of the last six years. It's up 4.5% so far in 2026.