HSBC became the first European bank with a market capitalization of $300 billion

The market capitalization of HSBC Holdings Plc has exceeded $300 billion, the first time for a bank listed in Europe, according to Bloomberg і Reuters.

On Tuesday, HSBC shares rose 3% to a new all-time high, briefly raising the bank's market value above $300 billion and putting it on par with AstraZeneca in terms of capitalization in the London FTSE 100 index.

The cumulative growth since the beginning of the year approached 9%, and the bank itself became the growth leader in the FTSE, which added about 0.6%.

JP Morgan remains the world's most expensive bank by market capitalization, with a market capitalization of more than $800 billion.

HSBC Holdings Plc retained its status as Europe's largest bank by assets in 2025. As of the end of 2024, the bank's assets amounted to almost $2.99 trillion, which is significantly higher than the figures of French BNP Paribas and Crédit Agricole Group, according to S&P Global Market Intelligence.

In recent years, HSBC has been moving from a large-scale restructuring phase to a growth strategy, with a stronger focus on Asian markets.

Under its new CEO, Georges Elkhedary, HSBC Group is developing its wealth management business in Asia and expanding its investment banking activities in Asia and the Middle East, while reducing or closing certain areas in the UK, the US and Europe.