HSBC vs. TD: HSBC vs. Toronto-Dominion Bank Stock Comparison
How do HSBC (HSBC) and Toronto-Dominion Bank (TD) 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 Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
Toronto-Dominion Bank (TD) 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 | TD |
|---|---|---|
| Name | HSBC Holdings plc Sponsored ADR | The Toronto-Dominion Bank |
| Country/Region | United Kingdom | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 325.71 billion USD | 197.07 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 16, 1999 | August 30, 1996 |
| Security Type | ADR | Common Stock |
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | HSBC | TD |
|---|---|---|
| Total Return (1Y) | 68.32% | 70.40% |
Risk
Drawdown
Risk at a Glance
| Metric | HSBC | TD |
|---|---|---|
| Volatility (1Y, Annualized) | 27.03% | 16.70% |
| Beta (5Y) | 0.58 | 0.72 |
| Avg. Volume (3M) | 1.90M | 2.39M |
Profitability
ROE (TTM)
Both HSBC (HSBC) at 11.61% and Toronto-Dominion Bank (TD) at 11.91% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
HSBC
Banks industry group
11.61%
- Max
- 19.15%
- Q3
- 13.07%
- HSBC
- 11.61%
- Median
- 10.82%
- Q1
- 8.57%
- Min
- 3.15%
TD
Banks industry group
11.91%
- Max
- 19.15%
- Q3
- 13.07%
- TD
- 11.91%
- Median
- 10.82%
- Q1
- 8.57%
- Min
- 3.15%
Net Margin (TTM)
HSBC (HSBC) at 34.98% keeps a top-quartile share of each sales dollar as profit, while Toronto-Dominion Bank (TD) at 25.19% keeps a bottom-quartile share.
HSBC
Banks industry group
34.98%
- Max
- 47.55%
- HSBC
- 34.98%
- Q3
- 34.61%
- Median
- 30.31%
- Q1
- 25.62%
- Min
- 12.76%
TD
Banks industry group
25.19%
- Max
- 47.55%
- Q3
- 34.61%
- Median
- 30.31%
- Q1
- 25.62%
- TD
- 25.19%
- Min
- 12.76%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for HSBC (HSBC) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability at a Glance
| Metric | HSBC | TD |
|---|---|---|
| ROE (TTM) | 11.61% | 11.91% |
| ROA (TTM) | 0.72% | 0.72% |
| Net Margin (TTM) | 34.98% | 25.19% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Revenue Growth at a Glance
| Metric | HSBC | TD |
|---|---|---|
| Revenue Growth (YoY) | -1.74% | 8.93% |
| Revenue Growth (3Y CAGR) | 7.22% | 10.22% |
EPS Growth
EPS Growth at a Glance
| Metric | HSBC | TD |
|---|---|---|
| EPS Growth (YoY) | -3.23% | 144.92% |
| EPS Growth (3Y CAGR) | 17.49% | 6.87% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: HSBC (HSBC) in Banks and Toronto-Dominion Bank (TD) 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 Toronto-Dominion Bank (TD) 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 at a Glance
| Metric | HSBC | TD |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Toronto-Dominion Bank (TD) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile HSBC (HSBC) reports a yield of 3.97%, ranking against industry peers normally.
HSBC
Banks industry group
3.97%
- Max
- 6.87%
- HSBC
- 3.97%
- Q3
- 2.97%
- Median
- 1.82%
- Q1
- 0.00%
- Min
- 0.00%
TD
Banks industry group
0.00%
- Max
- 6.87%
- Q3
- 2.97%
- Median
- 1.82%
- TD
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Dividend policy can be sized up on one side only: HSBC (HSBC) pays out 61.98% of earnings, measured against its industry’s payout band; Toronto-Dominion Bank (TD) shows no payout ratio this period.
HSBC
Banks industry group
61.98%
- Max
- 67.80%
- HSBC
- 61.98%
- Q3
- 42.56%
- Median
- 28.63%
- Q1
- 20.42%
- Min
- 0.00%
TD
Banks industry group
--
- Max
- 67.80%
- Q3
- 42.56%
- Median
- 28.63%
- Q1
- 20.42%
- Min
- 0.00%
- TD
- --
Dividends at a Glance
| Metric | HSBC | TD |
|---|---|---|
| Dividend Yield (TTM) | 3.97% | 0.00% |
| Dividend Payout Ratio (TTM) | 61.98% | -- |
Valuation
P/E Ratio (TTM)
Both HSBC (HSBC) at 15.70 and Toronto-Dominion Bank (TD) at 19.56 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
HSBC
Banks industry group
15.70
- Max
- 20.85
- HSBC
- 15.70
- Q3
- 15.27
- Median
- 12.70
- Q1
- 11.13
- Min
- 6.36
TD
Banks industry group
19.56
- Max
- 20.85
- TD
- 19.56
- Q3
- 15.27
- Median
- 12.70
- Q1
- 11.13
- Min
- 6.36
P/S Ratio (TTM)
P/S ratio is set aside for both HSBC (HSBC) in Banks and Toronto-Dominion Bank (TD) 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 7.47 and Toronto-Dominion Bank (TD) at 2.24 look expensive — each P/B ratio sits above its industry’s benchmark range.
HSBC
Banks industry group
7.47
- HSBC
- 7.47
- Max
- 2.23
- Q3
- 1.56
- Median
- 1.27
- Q1
- 1.10
- Min
- 0.62
TD
Banks industry group
2.24
- TD
- 2.24
- Max
- 2.23
- Q3
- 1.56
- Median
- 1.27
- Q1
- 1.10
- Min
- 0.62
Valuation at a Glance
| Metric | HSBC | TD |
|---|---|---|
| P/E Ratio (TTM) | 15.70 | 19.56 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 7.47 | 2.24 |
| Free Cash Flow Yield (TTM) | -- | -- |