HSBC HOLDINGS PLC vs JPMORGAN CHASE & CO, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
890.9 against 326.8: the market caps, JPMorgan worth nearly three HSBCs, is the number that frames everything else, because the multiples barely differ, 15.7 and 15.5 times. Identical pricing per dollar of earnings buys very different machines: JPMorgan's 16.2% return on equity and 1.2% return on assets are the best in global mega-banking; HSBC's 11.3% and 0.72% are respectable Asia-network economics. Net margins sit close, 31.5% and 33.9%. JPMorgan shows the 1.8% dividend. The pair is the cleanest fact in bank pricing: the market charges the same multiple for the best operator and the good one, and expresses its preference purely through size.
Comparison updated 2026-07-10.
| Metric | HSBC | JPM |
|---|---|---|
| Price | $93.76 | $327.50 |
| Market cap | $326.8B | $890.9B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| P/E | 15.5 | 15.7 |
| P/B | 1.59 | 2.45 |
| P/S | 4.79 | 4.76 |
| EV/EBITDA | -3.8 | — |
| Revenue growth | +9.0% | +3.9% |
| Operating margin | 41.0% | — |
| Net margin | 33.9% | 31.5% |
| Return on equity | 11.3% | 16.2% |
| Return on assets | 0.7% | 1.2% |
| Dividend yield | — | 1.8% |
| Debt / equity | 0.00 | 0.19 |
| Piotroski F (quality) | 8 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.