What is the latest stock performance of HSBC?

HSBC shares reached a new record high on Tuesday, January 27, 2026, briefly surpassing $300 billion in market value.

Are UK banks expected to increase profit targets?

Yes, major British banks like HSBC and NatWest are expected to raise profit targets when they report earnings soon.

How has the UK banking sector performed this year?

The FTSE 350 banking index has risen 6% this year, outperforming euro zone peers.

Home / Business and Economy / HSBC Hits Record High, Challenges Top UK Stock

HSBC Hits Record High, Challenges Top UK Stock

27 Jan

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Summary

HSBC shares reached a new record high on Tuesday.
The bank's market value briefly exceeded $300 billion.
British banks like HSBC are expected to raise profit targets.

HSBC Hits Record High, Challenges Top UK Stock

On Tuesday, January 27, 2026, HSBC shares experienced a significant rise, climbing as much as 3% to achieve a new record high. This surge briefly elevated the bank's market capitalization beyond $300 billion.

This impressive performance placed HSBC in direct competition with AstraZeneca for the leading position within London's FTSE 100 index. By 10:50 GMT, HSBC's stock had advanced 2.8% to 12.77 pounds, marking an increase of nearly 9% year-to-date and making it the top gainer on the FTSE that day.

Major British financial institutions, including HSBC and NatWest, are projected to announce upward revisions to their profit targets in the coming weeks. This outlook aligns with the performance of their European peers, who have also seen positive financial developments.