Company
HSBC
Official Name: HSBC Holdings plc
Headquarters: London, United Kingdom
Founded: First established on 3 March 1865
Employees: 219,697
CEO: Mr. Noel Paul Quinn
Market Cap
£128.58 Billion
GBP as of July 1, 2024
US$162.67 Billion
Company Description
HSBC Holdings PLC is a multinational banking and financial services company, dual-listed both in London and Hong Kong. Founded in Hong Kong and Shanghai in 1865, HSBC has grown to operate in more than 60 countries, with operations in commercial banking, investment banking, retail banking and wealth management, and global private banking.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
| JPMorgan | $599.29 B |
| Bank of America | $316.02 B |
| ICBC | $268.78 B |
| Wells Fargo | $211.48 B |
| Agricultural Bank of China | $209.38 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.
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Stocks & Indices
HSBC Holdings plc has the following listings and related stock indices.
Stock: LSE: HSBA wb_incandescent
Stock: BCBA: HSBC wb_incandescent
Stock: Bovespa: H1SB34 wb_incandescent
Stock: FSX: HBC1 wb_incandescent
Stock: FSX: HBC2 wb_incandescent
Stock: HKEX: 0005 wb_incandescent
Stock: OTC: HBCYF wb_incandescent
Stock: NYSE: HSBC wb_incandescent
Stock: XETR: HBC1 wb_incandescent
Product & Services
Financial services, Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Key People
Founder(s): Sir Thomas Sutherland (for The Hongkong and Shanghai Banking Corporation branch)
Mark Tucker (Group Chairman) Noel Quinn (Group Chief Executive)
Financials
Revenue: US$49.552 billion (2021)
Operating income: US$18.906 billion (2021)
Net income: US$14.693 billion (2021)
Total assets: US$2.958 trillion (2021)
Total equity: US$206.777 billion (2021)