HSBC share price soars in Hong Kong as wealth unit boosts earnings

The HSBC share price jumped by over 3% in Hong Kong, reaching a high of $140, its highest level since February 11. It is nearing its all-time high of $141.5, up by 102% from its lowest level in April last year. It has jumped by over 300% in the last five years, bringing its market capitalization to over $300 billion.

HSBC published strong financial results 

HSBC share price has done well in the past few years, making it one of the best-performing companies in the Hang Seng and FTSE 100 indices.

The stock continued this week after the company published its annual report, which showed that its growth and profitability were better than expected.

Its report showed that its reported profit before tax came in at $29.9 billion in 2025, down by $2.4 billion in 2024. The decline was due to over $4.9 billion in notable events, due to disposals of its business in Canada and France, impairments on the Bank of Communications business, and its restructuring.

Excluding the notable events, the company’s profit before tax jumped by $2.4 billion to over $36.6 billion, while the Return on Tangible Equity (RoTE). Total revenue jumped by 4% to over $68.3 billion.

The company’s business was boosted by its booming wealth management business, which has continued growing in the Asian business. Its wealth management business made over $2.1 billion in fees in the fourth quarter, up by 20% from the same period in 2024.

The results showed that its business received over $78 billion in deposits last year, bringing the total deposits to over $1.75 trillion. 

Most notably, the company expects that the growth will continue in the coming years. Its RoTE jumped to 17.6%. It expects that the RoTE will remain above 17% in the next few years.

HSBC also expects that the revenue growth will continue in the coming years. The estimate is that the revenue will jump 5% in 2028, while its dividend growth will accelerate in the coming years.

READ MORE: Here’s why the HSBC share price is in a strong bull run

At the same time, HSBC expects the company’s net interest income (NII) to be at least $45 billion this year, while its CET1 ratio will remain between 14% and 14.5% this year. In a statement, Georges Elhedery, the CEO, said:

“We are also targeting year-on-year revenue growth over the same period on the same basis, rising to 5% in 2028. We are becoming a simple, more agile, focused bank, one that moves with the speed our customers.”

HSBC has done well in the past few years, helped by its ongoing turnaround efforts by Elhedery. He has merged key businesses, announced thousands in layoffs, and doubled down on the Asian business. Most recently, he acquired Hang Seng Bank, its Hong Kong subsidiary.

HSBC share price technical analysis 

The weekly chart shows that the HSBC stock price has been in a strong uptrend in the past few years, soaring from a low of $29.60 in 2022 to $140. It has continued making a series of higher highs and higher lows.

Consequently, the stock has remained above all moving averages, while the Relative Strength Index (RSI)  has jumped to the overbought level of 77. It moved above the MACD and the Percentage Price Oscillator (PPO).

Therefore, the most likely scenario is where the HSBC stock continues rising in the coming weeks, with the next key target level being at $150.