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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings    HSBA   GB0005405286

HSBC HOLDINGS (HSBA)
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HSBC Remains Europe's Largest Bank; Chinese Lenders Dominate Global Rankings

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05/16/2018 | 04:30pm CEST

By Adam Clark

HSBC Holdings held onto its position as the largest bank in Europe by total assets in 2017 despite taking a 152 billion euros ($180.7 billion) hit from the weaker dollar, according to S&P Global Market Intelligence.

HSBC ended the year with EUR2.10 trillion in total assets, leaving it as the only European institution to top the EUR2 trillion mark, says S&P. In dollars, HSBC's assets grew 6.2% to $2.50 trillion.

HSBC's closest European rival was BNP Paribas, which remained in second spot with EUR1.96 trillion in assets.

HSBC was one of six British banks in Europe's top 50, equal to the number of French lenders. However, Germany took top spot with seven banks among the continent's largest.

Among Europe's top 10 lenders, Spain's Banco Santander rose two spots to become the fifth-largest, with EUR1.45 trillion in assets. Santander overtook Barclays and Societe Generale SA France (GLE.FR).

Also rising was Dutch bank ING Groep, becoming the tenth-largest European bank with EUR846.22 billion in assets. Falling out of the top 10 was Royal Bank of Scotland Group.

S&P said that among the top 10 European banks, six booked a year-on-year decline in assets in euro terms.

Among the global top 100 banks by assets, China had the highest number with 18 and a total of $23.76 trillion assets. The U.S. followed with 11 and $12.20 trillion in assets.

"Asian banks continue to dominate the S&P Global Market Intelligence global bank rankings with Chinese institutions claiming the top four spots," said JP O'Sullivan, managing director of financial institutions at S&P Global Market Intelligence.

"As bank profitability improves in terms of return on average equity, we expect banks to move away from cost-cutting and towards sustainable growth. In this low rate environment, growing the balance sheet can be an effective way to generate earnings. Moreover, as interest rates rise, we can expect a boost to bottom line earnings and this bodes well for future growth prospects within the banking sector," he added.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER 0.23% 4.3495 End-of-day quote.-20.80%
BARCLAYS 0.61% 183.72 Delayed Quote.-9.54%
BNP PARIBAS 0.37% 51.18 Real-time Quote.-18.09%
HSBC HOLDINGS 0.03% 697.1 Delayed Quote.-9.10%
ING GROEP -0.19% 11.672 Delayed Quote.-23.84%
ROYAL BANK OF SCOTLAND GROUP 1.25% 243.9 Delayed Quote.-12.27%
SOCIÉTÉ GÉNÉRALE 0.04% 35.25 Real-time Quote.-18.12%
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Financials ($)
Sales 2018 55 027 M
EBIT 2018 21 076 M
Net income 2018 13 853 M
Debt 2018 -
Yield 2018 5,83%
P/E ratio 2018 12,84
P/E ratio 2019 11,81
Capi. / Sales 2018 3,21x
Capi. / Sales 2019 3,04x
Capitalization 177 B
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Technical analysis trends HSBC HOLDINGS
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 22
Average target price 10,3 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
John M. Flint Group Chief Executive Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
Andrew Mitchell Maguire Group Chief Operating Officer
Iain James Mackay Executive Director & Group Finance Director
Darryl West Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
HSBC HOLDINGS-9.10%176 433
JP MORGAN CHASE & COMPANY7.32%385 729
BANK OF AMERICA4.13%307 039
WELLS FARGO-2.98%283 478
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-15.16%268 501
CHINA CONSTRUCTION BANK CORPORATION-15.10%232 379