HSBC vs. JPM: HSBC vs. JPMorgan Chase Stock Comparison
How do HSBC (HSBC) and JPMorgan Chase (JPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
HSBC (HSBC) and JPMorgan Chase (JPM) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
JPMorgan Chase (JPM) trades as ordinary local shares, while HSBC (HSBC) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | HSBC | JPM |
|---|---|---|
| Name | HSBC Holdings plc Sponsored ADR | JPMorgan Chase & Co. |
| Country/Region | United Kingdom | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 355.75 billion USD | 950.35 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 16, 1999 | March 17, 1980 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Total Return (1Y) | 72.87% | 26.98% |
| Total Return (3Y, Annualized) | 45.56% | 34.56% |
| Total Return (5Y, Annualized) | 37.82% | 20.80% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Volatility (1Y, Annualized) | 27.34% | 22.30% |
| Beta (5Y) | 0.58 | 0.98 |
| Max Drawdown (5Y) | -31.80% | -38.77% |
| Avg. Volume (3M) | 1.54M | 9.22M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Sharpe Ratio (1Y) | 2.52 | 1.03 |
| Sortino Ratio (1Y) | 4.07 | 1.45 |
Profitability
ROE (TTM)
JPMorgan Chase (JPM) at 17.79% sits in the top ROE quartile, while HSBC (HSBC) at 13.11% is closer to the peer norm — stronger capital efficiency for JPM.
HSBC
Banks industry group
13.11%
- Max
- 19.15%
- Q3
- 13.31%
- HSBC
- 13.11%
- Median
- 11.15%
- Q1
- 9.23%
- Min
- 3.19%
JPM
Banks industry group
17.79%
- Max
- 19.15%
- JPM
- 17.79%
- Q3
- 13.31%
- Median
- 11.15%
- Q1
- 9.23%
- Min
- 3.19%
Net Margin (TTM)
HSBC (HSBC) at 37.80% retains a top-quartile share of revenue as profit, ahead of JPMorgan Chase (JPM) at 34.92%, which keeps about the industry-typical share.
HSBC
Banks industry group
37.80%
- Max
- 47.25%
- HSBC
- 37.80%
- Q3
- 34.98%
- Median
- 30.75%
- Q1
- 26.58%
- Min
- 14.41%
JPM
Banks industry group
34.92%
- Max
- 47.25%
- Q3
- 34.98%
- JPM
- 34.92%
- Median
- 30.75%
- Q1
- 26.58%
- Min
- 14.41%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for HSBC (HSBC) in Banks and JPMorgan Chase (JPM) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | HSBC | JPM |
|---|---|---|
| ROE (TTM) | 13.11% | 17.79% |
| ROA (TTM) | 0.78% | 1.36% |
| Net Margin (TTM) | 37.80% | 34.92% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
JPMorgan Chase (JPM) at 7.32% is around its peer norm for revenue growth, while HSBC (HSBC) at 5.38% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both HSBC (HSBC) at -3.23% and JPMorgan Chase (JPM) at 1.37% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.
Growth Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Revenue Growth (YoY) | 5.38% | 7.32% |
| Revenue Growth (3Y CAGR) | 9.75% | 12.50% |
| EPS Growth (YoY) | -3.23% | 1.37% |
| EPS Growth (3Y CAGR) | 17.49% | 18.31% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: HSBC (HSBC) in Banks and JPMorgan Chase (JPM) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: HSBC (HSBC) in Banks and JPMorgan Chase (JPM) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
JPMorgan Chase (JPM) at 1.68% pays a yield in its industry’s typical range, while HSBC (HSBC) at 0.73% falls in the bottom quartile of its peers.
HSBC
Banks industry group
0.73%
- Max
- 5.71%
- Q3
- 3.09%
- Median
- 2.17%
- Q1
- 1.08%
- HSBC
- 0.73%
- Min
- 0.00%
JPM
Banks industry group
1.68%
- Max
- 5.71%
- Q3
- 3.09%
- Median
- 2.17%
- JPM
- 1.68%
- Q1
- 1.08%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
JPMorgan Chase (JPM) at 25.71% pays out a band-typical share of earnings, while HSBC (HSBC) at 53.57% distributes more than its industry norm — less retained, thinner cover.
HSBC
Banks industry group
53.57%
- Max
- 77.19%
- HSBC
- 53.57%
- Q3
- 42.07%
- Median
- 28.70%
- Q1
- 18.60%
- Min
- 0.00%
JPM
Banks industry group
25.71%
- Max
- 77.19%
- Q3
- 42.07%
- Median
- 28.70%
- JPM
- 25.71%
- Q1
- 18.60%
- Min
- 0.00%
Dividend Metrics
| Metric | HSBC | JPM |
|---|---|---|
| Dividend Yield (TTM) | 0.73% | 1.68% |
| Dividend Payout Ratio (TTM) | 53.57% | 25.71% |
Valuation
P/E Ratio (TTM)
Both HSBC (HSBC) at 14.65 and JPMorgan Chase (JPM) at 15.27 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
HSBC
Banks industry group
14.65
- Max
- 20.23
- Q3
- 15.29
- HSBC
- 14.65
- Median
- 12.88
- Q1
- 11.58
- Min
- 7.42
JPM
Banks industry group
15.27
- Max
- 20.23
- Q3
- 15.29
- JPM
- 15.27
- Median
- 12.88
- Q1
- 11.58
- Min
- 7.42
P/S Ratio (TTM)
P/S ratio is set aside for both HSBC (HSBC) in Banks and JPMorgan Chase (JPM) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
Measured against book value, both HSBC (HSBC) at 8.23 and JPMorgan Chase (JPM) at 2.69 look expensive — each P/B ratio sits above its industry’s benchmark range.
HSBC
Banks industry group
8.23
- HSBC
- 8.23
- Max
- 2.33
- Q3
- 1.63
- Median
- 1.36
- Q1
- 1.16
- Min
- 0.67
JPM
Banks industry group
2.69
- JPM
- 2.69
- Max
- 2.33
- Q3
- 1.63
- Median
- 1.36
- Q1
- 1.16
- Min
- 0.67
Valuation Metrics
| Metric | HSBC | JPM |
|---|---|---|
| P/E Ratio (TTM) | 14.65 | 15.27 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 8.23 | 2.69 |
| Free Cash Flow Yield (TTM) | -- | -- |