London, July 4, 2026, 14:03 BST
- HSBC closed at 1,451p on Friday, gaining 0.4%. That’s just under 0.4% off its 52-week high. London markets stayed closed Saturday.
- The stock gained 2.0% compared to last Friday. But only 8.87 million shares changed hands on Friday, the lowest volume this week.
- Analysts on Investors Chronicle, using LSEG data, put the median target at 1,476.12p—about 1.7% higher than where shares finished on Friday.
HSBC Holdings Plc (LON:HSBA) finished the week close to where it traded before the dot-com bust. The shares listed in London closed at 1,451p on Friday, up 5.8p, or 0.4%. That leaves the price nearly aligned with most sell-side targets. HSBC’s investor page listed the last quote as of 2251 GMT on July 3. Hours on the London Stock Exchange run from 0800 to 1630, so Friday marked the latest session.
The stock has gained 63.8% in the last 12 months, well ahead of the 21.0% move in the UK benchmark tracked by Trading Economics. Shares hit 1,456p on July 2, a level not seen since July 1999, and ended Friday just below AJ Bell’s 1,457p year high.
Stocks climbed 2.0% for the week, with Friday’s close above the 1,422.60p mark from the previous Friday. Turnover, however, was less than half the average for the past five days, according to Investing.com daily numbers. The move was gradual, without a sharp single-day jump.
| Session | Close | Day change | Volume |
|---|---|---|---|
| Jun. 29 | 1,423.80p | up 0.08% | 23.30 mln |
| Jun. 30 | 1,430.80p | up 0.49% | 22.83 mln |
| Jul. 1 | 1,440.40p | up 0.67% | 16.36 mln |
| Jul. 2 | 1,445.20p | up 0.33% | 21.71 mln |
| Jul. 3 | 1,451.00p | up 0.40% | 8.87 mln |
HSBC isn’t leading UK bank gains anymore, according to peer tape. Standard Chartered Plc (LON:STAN) pulled ahead over the last 12 months. Lloyds Banking Group Plc (LON:LLOY), NatWest Group Plc (LON:NWG) and Barclays Plc (LON:BARC) have posted bigger gains in the past four weeks. HSBC’s size still carries more index weight.
| Stock | Friday close | 4-week move | 12-month move |
|---|---|---|---|
| HSBC (LON:HSBA) | 1,451.00p | up 6.14% | up 63.79% |
| Standard Chartered (LON:STAN) | 2,122.00p | up 9.78% | up 74.01% |
| Barclays (LON:BARC) | 522.30p | up 12.59% | up 58.03% |
| Lloyds (LON:LLOY) | 115.05p | up 16.02% | up 52.02% |
| NatWest (LON:NWG) | 682.80p | up 13.54% | up 41.31% |
The median target doesn’t leave much upside here. LSEG data in Investors Chronicle shows 14 analysts with a median 12-month target of 1,476.12p, with the range running from a high of 1,689.56p to a low of 1,093.42p. The ratings as of July 2 were two buys, six outperforms, seven holds and two sells.
HSBC’s numbers put a floor under the rally. For the quarter to March 31, the bank posted $10.1 billion in profit before tax, excluding notable items, and $19.1 billion in revenue, also excluding notable items. Return on average tangible equity hit 17.3% annualised. The CET1 ratio stood at 14.0%. Net interest income from banking climbed $0.7 billion to $11.3 billion from a year ago.
CEO Georges Elhedery said May 5, “We remain confident in achieving the targets we set out in February 2026.” HSBC kept its RoTE goal of 17% or above for 2026 through 2028, and guided 2026 banking NII at about $46 billion. The bank said any decision to restart buybacks would come as part of its normal quarterly review. HSBC
HSBC’s latest filing was a funding move, not an equity event. The bank said July 2 it will redeem all $2.3 billion in 5.887% fixed/floating rate senior unsecured notes due 2027 and $700 million of floating-rate senior unsecured notes due 2027 at par on Aug. 14.
HSBC said it had 17,183,563,842 ordinary shares in issue and the same number of voting rights as of June 29, with no treasury shares. Friday’s closing data from AJ Bell put the market cap at £248.82 billion. Dividend yield was at 3.83%, and the price/earnings ratio stood at 15.84.
The range for the coming week is set between 1,437.80p and 1,454.40p as of Friday. The top to watch remains the July 2 high at 1,456.80p. HSBC has its interim results out on Aug. 4, then a note redemption on Aug. 14.
