London, Jan 28, 2026, 07:47 GMT — Premarket
HSBC shares grabbed attention ahead of the London open after a recent surge pushed the bank’s market capitalization just over $300 billion, nearly matching AstraZeneca for the FTSE 100 lead. Sources told Reuters that HSBC, NatWest, and other top British banks plan to raise profit targets—management’s guidance on returns—in their upcoming earnings reports. Reuters
The stock finished Tuesday at 12.77 pounds, gaining 2.8% to hit a new 52-week peak. Trading volume edged just above its 50-day moving average, according to MarketWatch data. MarketWatch
The rally has found its way to a market suddenly focused on banks. London’s bank index hit its highest point since May 2008 in the latest session, while investors pushed beyond the usual U.K. data chatter to eye a busy calendar, highlighted by a key U.S. rate decision. Reuters
HSBC’s American depositary receipts hit $88.49 in U.S. trading, climbing roughly 3.9% from the previous close.
Traders are eyeing the Federal Reserve’s January meeting conclusion on Wednesday, with the policy statement set for 2 p.m. EST and the follow-up press briefing at 2:30 p.m. EST. Federal Reserve
Turning to the U.K., the Bank of England is set to reveal its next policy decision on Feb. 5. That keeps the spotlight on rate moves for British lenders amid the unfolding earnings season. Bank of England
Bank of England Governor Andrew Bailey added another perspective this week, highlighting “a particular and urgent need” to bolster the resilience of market-based finance like private credit. His remarks underscore that regulators continue to watch for stress beyond traditional banks. Reuters
HSBC’s next major event lands on Feb. 25, when it releases its annual results. Investors are keyed up for potential updates to targets and any signals on capital returns, especially after the stock climbed to record highs. HSBC
The tape can flip fast. A Fed curveball or changed rate forecasts for February might slam the brakes on the sector’s momentum, prompting a reassessment of whether the rally owes more to rates than to earnings.
Focus shifts to Wednesday’s Fed decision, followed by the BoE’s move in early February. HSBC’s results on Feb. 25 will be the next major earnings checkpoint.
