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HSBC Holdings vs JPMorgan Chase & Co.: Which Stock Looks Stronger in 2026?

JPMorgan Chase holds the cleaner structural position, with profitability as the main driver and valuation adding further support. HSBC does not offset that deficit through any equally strong structural edge elsewhere. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (HSBA.L: STOXX 600, JPM: Russell 1000).

Updated 2026-07-05

Most of the visible separation comes from profitability. The overall score gap is 16 points in favour of JPMorgan Chase & Co..

INDUSTRY COMPARISON

Both operate in: Banks - Diversified

This comparison is based on industry proximity, not on functional trajectory similarity. HSBA.L and JPM share the same industry classification.

For a similarity-based comparison, see how HSBC and JPMorgan Chase each position within their functional peer groups in AssetNext.

Peer-Relative Score
HSBA.L
HSBC Holdings plc
58
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
JPM
JPMorgan Chase & Co.
74
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: HSBA.L vs JPM Profitability 66 100 Stability 62 67 Valuation 67 77 Growth 32 40 HSBA.L JPM
Gap Ranking
#1 Profitability +34
#2 Valuation +10
#3 Growth +8
#4 Stability +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HSBA.L and JPM Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HSBA.LJPM Relative valuation Structural strength

JPMorgan Chase & Co. still looks stronger, and the price setup does not materially undermine that lead.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both rank well on profitability, but JPMorgan Chase & Co. still sits higher.
Valuation
Even on valuation, where both profiles remain strong, HSBC Holdings plc still holds the higher peer position.
Profitability — Dominant Gap
HSBA.L
66
JPM
100
Gap+34in favour of JPM

Return on equity adds support too, with a 4.9-point advantage.

What else supports the lead

Valuation adds another layer of support rather than leaving the result tied to profitability alone.

What this means for the comparison

Profitability is the clearest driver, and valuation also supports JPMorgan Chase & Co.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the HSBA.L vs JPM comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how HSBA.L and JPM each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.