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 | 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 | 310.12 billion USD | 203.49 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 16, 1999 | August 30, 1996 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | HSBC | TD |
|---|---|---|
| Total Return (1Y) | 43.17% | 57.37% |
| Total Return (3Y, Annualized) | 43.38% | 34.26% |
| Total Return (5Y, Annualized) | 32.49% | 15.98% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | HSBC | TD |
|---|---|---|
| Volatility (1Y, Annualized) | 27.37% | 18.32% |
| Beta (5Y) | 0.55 | 0.72 |
| Max Drawdown (5Y) | -31.80% | -31.16% |
| Avg. Volume (3M) | 1.47M | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | HSBC | TD |
|---|---|---|
| Sharpe Ratio (1Y) | 1.42 | 2.89 |
| Sortino Ratio (1Y) | 2.26 | 4.39 |
Profitability
ROE (TTM)
Both HSBC (HSBC) at 13.11% and Toronto-Dominion Bank (TD) at 12.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
HSBC
Banks industry group
13.11%
- Max
- 19.41%
- Q3
- 13.49%
- HSBC
- 13.11%
- Median
- 11.36%
- Q1
- 9.48%
- Min
- 3.81%
TD
Banks industry group
12.83%
- Max
- 19.41%
- Q3
- 13.49%
- TD
- 12.83%
- Median
- 11.36%
- Q1
- 9.48%
- Min
- 3.81%
Net Margin (TTM)
HSBC (HSBC) at 37.80% keeps a top-quartile share of each sales dollar as profit, while Toronto-Dominion Bank (TD) at 26.62% keeps a bottom-quartile share.
HSBC
Banks industry group
37.80%
- Max
- 47.33%
- HSBC
- 37.80%
- Q3
- 35.30%
- Median
- 31.10%
- Q1
- 27.27%
- Min
- 16.98%
TD
Banks industry group
26.62%
- Max
- 47.33%
- Q3
- 35.30%
- Median
- 31.10%
- Q1
- 27.27%
- TD
- 26.62%
- Min
- 16.98%
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 Metrics
| Metric | HSBC | TD |
|---|---|---|
| ROE (TTM) | 13.11% | 12.83% |
| ROA (TTM) | 0.78% | 0.78% |
| Net Margin (TTM) | 37.80% | 26.62% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Toronto-Dominion Bank (TD) at 8.93% 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
Toronto-Dominion Bank (TD) at 144.92% delivers above-range EPS growth, while HSBC (HSBC) at -3.23% falls into the bottom quartile — a wide split in earnings momentum.
Growth Metrics
| Metric | HSBC | TD |
|---|---|---|
| Revenue Growth (YoY) | 5.38% | 8.93% |
| Revenue Growth (3Y CAGR) | 9.75% | 10.22% |
| 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 Metrics
| Metric | HSBC | TD |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Toronto-Dominion Bank (TD) at 3.46% offers top-quartile income, while HSBC (HSBC) at 0.82% sits in the bottom quartile — a wide gap in cash returned to shareholders.
HSBC
Banks industry group
0.82%
- Max
- 5.71%
- Q3
- 3.12%
- Median
- 2.29%
- Q1
- 0.97%
- HSBC
- 0.82%
- Min
- 0.00%
TD
Banks industry group
3.46%
- Max
- 5.71%
- TD
- 3.46%
- Q3
- 3.12%
- Median
- 2.29%
- Q1
- 0.97%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both HSBC (HSBC) at 53.57% and Toronto-Dominion Bank (TD) at 46.36% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
HSBC
Banks industry group
53.57%
- Max
- 68.56%
- HSBC
- 53.57%
- Q3
- 42.20%
- Median
- 29.17%
- Q1
- 19.91%
- Min
- 0.00%
TD
Banks industry group
46.36%
- Max
- 68.56%
- TD
- 46.36%
- Q3
- 42.20%
- Median
- 29.17%
- Q1
- 19.91%
- Min
- 0.00%
Dividend Metrics
| Metric | HSBC | TD |
|---|---|---|
| Dividend Yield (TTM) | 0.82% | 3.46% |
| Dividend Payout Ratio (TTM) | 53.57% | 46.36% |
Valuation
P/E Ratio (TTM)
HSBC (HSBC) at 12.95 is near its industry’s usual P/E ratio, while Toronto-Dominion Bank (TD) at 18.49 sits in the richer quartile — TD needs stronger growth or earnings quality to justify the premium.
HSBC
Banks industry group
12.95
- Max
- 18.61
- Q3
- 13.99
- HSBC
- 12.95
- Median
- 12.13
- Q1
- 10.90
- Min
- 7.07
TD
Banks industry group
18.49
- Max
- 18.61
- TD
- 18.49
- Q3
- 13.99
- Median
- 12.13
- Q1
- 10.90
- Min
- 7.07
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)
Both look rich against book: Toronto-Dominion Bank (TD) at 2.31 sits in the upper P/B ratio quartile, and HSBC (HSBC) at 7.20 prices even higher, above its industry range.
HSBC
Banks industry group
7.20
- HSBC
- 7.20
- Max
- 2.31
- Q3
- 1.59
- Median
- 1.33
- Q1
- 1.10
- Min
- 0.41
TD
Banks industry group
2.31
- TD
- 2.31
- Max
- 2.31
- Q3
- 1.59
- Median
- 1.33
- Q1
- 1.10
- Min
- 0.41
Valuation Metrics
| Metric | HSBC | TD |
|---|---|---|
| P/E Ratio (TTM) | 12.95 | 18.49 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 7.20 | 2.31 |
| Free Cash Flow Yield (TTM) | -- | -- |