HSBC grows 18.3% year to date, fueled by Asia expansion strategy and restructuring efforts despite rising costs.
HSBC Holdings is restructuring to prioritize high-return regions like Hong Kong, India, and the Middle East, scaling down in Europe and the US. The bank is already a leading ECM underwriter in the Middle East and North Africa, reinforcing its regional strength. Hong Kong is witnessing a sharp rebound in IPO activity after lackluster years in 2023 and 2024.
HSBC's stock (NYSE: HSBC) has performed quite well this year, increasing by approximately 21% since the beginning of January. In comparison, its competitor JP Morgan (NYSE: JPM) is only up about 10% during the same timeframe.
Banks - Diversified Industry | Financial Services Sector | Mr. Georges Bahjat Elhedery CEO | XSTU Exchange | US4042804066 ISIN |
GB Country | 211,940 Employees | 9 May 2025 Last Dividend | - Last Split | - IPO Date |