HSBC vs BNY vs GS Stock Comparison

Hsbc Holdings, Bank of New York Mellon and Goldman Sachs Prices as of Oct 28, 2026 Peers: Industry group
HSBC Hsbc Holdings Plc
$86.42 -14.6% 1M +23.4% 1Y
Market cap
$301.73B
P/E
11.4x
Revenue (TTM)
$55.16B
Div. yield
–
Money Center Banks Financial Services
6 wins
BNY Bank of New York Mellon Corp
$148.60 +0.1% 1M +37.0% 1Y
Market cap
$102.44B
P/E
16.7x
Revenue (TTM)
—
Div. yield
–
Custody and Fund Services Financial Services
2 wins
GS Goldman Sachs Group Inc
$926.20 +1.1% 1M +16.9% 1Y
Market cap
$278.52B
P/E
13.1x
Revenue (TTM)
$69.70B
Div. yield
–
Money Center Banks Financial Services

Head to Head

8 decided of 12

Hsbc Holdings leads on 6 of the 12 questions below (Hsbc Holdings 6, Bank of New York Mellon 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHSBCBNYGSLeader
Larger companyMarket capitalisation $301.73B $102.44B $278.52B HSBC
Cheaper on earningsLower P/E, profitable companies only 11.4x 16.7x 13.1x HSBC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.6x 17.0x 12.3x HSBC
Faster revenue growthRevenue growth, trailing twelve months +1,900.0% — +18.7% HSBC
More profitableNet margin, trailing twelve months 47.9% — — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +23.4% +37.0% +16.9% BNY
Better 5-year returnAnnualised price return, 5 years +23.5%/yr +20.2%/yr +17.5%/yr HSBC
Less volatileAnnualised volatility, 1 year 28.0% 21.9% 31.9% BNY
Higher overall scoreMean of the five percentile scores vs peers 64/100 — 47/100 HSBC

Percentile Scorecard

HSBCBNYGS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHSBCBNYGS
Valuation 11 #322 of 361 75 #25 of 96 16 #302 of 361
Growth 68 #55 of 172 – 97 #6 of 172
Profitability 86 #22 of 149 – –
Financial Health – – –
Shareholder Returns 91 #33 of 338 30 #27 of 38 28 #243 of 338
Overall 64 – 47
  • HSBC ranked among 368 companies in Banking
  • BNY ranked among 110 companies in Capital Markets
  • GS ranked among 368 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHSBCBNYGSSPY
1 month -14.6%+0.1%+1.1% +0.9%
3 months -15.8%-2.6%-5.6% +5.9%
6 months -3.2%+12.3%+2.3% +8.5%
Year to date +9.9%+28.0%+5.4% +13.3%
1 year +23.4%+37.0%+16.9% +12.4%
3 years +135.4%+257.0%+219.5% +88.1%
3 years, per year +33.1%+52.9%+47.3% +23.5%
5 years +187.4%+151.0%+124.1% +68.2%
5 years, per year +23.5%+20.2%+17.5% +11.0%
10 years +128.3%+241.6%+422.9% +263.4%
10 years, per year +8.6%+13.1%+18.0% +13.8%

Risk

MeasureHSBCBNYGSSPY
Volatility, 1Y 28.0%21.9%31.9% 12.7%
Downside volatility, 1Y 28.1%22.7%32.2% 12.7%
Beta vs S&P 500, 1Y 1.250.751.63 1.00
Return / volatility, 1Y 0.841.690.53 0.98
Max drawdown, 5Y -34.6%-41.4%-34.0% -25.4%
From 52-week high -19.9%-9.9%-19.6% -0.9%
52-week high $107.85$164.85$1,152.07 $779.14
52-week low $67.56$106.43$773.70 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHSBCBNYGS
P/E now vs peer median 11.4xmedian 12.1x 16.7xmedian 30.1x 13.0xmedian 12.1x
P/S now vs peer median 5.4xmedian 3.4x 4.7xmedian 3.0x 3.9xmedian 3.4x
EV/EBITDA now vs peer median —median 5.1x —median 14.1x —median 5.1x
P/FCF now vs peer median —median 10.8x 62.6xmedian 15.8x -6.4xmedian 10.8x
P/B now vs peer median 1.5xmedian 1.2x 2.3xmedian 2.4x 2.2xmedian 1.2x
PEG now vs peer median 3.04median 1.32 —median 0.54 0.26median 1.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHSBCBNYGS
Revenue $55.16B – $69.70B
Operating income $33.06B – –
Net income $28.08B $6.58B –
EPS (diluted) $7.53 – $69.89
Cash & equivalents $222.46B – $177.00B
Shares (diluted) 3.51B 692.22M 304.90M
Enterprise value -$1.80T $102.44B $278.52B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHSBCBNYGS
P/E 11.4x 16.7x 13.0x
P/FCF – 62.6x -6.4x
P/Operating cash flow – – –
P/S 5.4x 4.7x 3.9x
P/B 1.5x 2.3x 2.2x
P/Tangible book 1.5x 2.4x 2.2x
EV/EBITDA – – –
EV/EBIT -16.4x – –
EV/Revenue -9.8x – 3.9x
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) 3.04 – 0.26

Growth

14 metrics
MetricHSBCBNYGS
Revenue growth (1Y) 1,900% – 18.7%
Revenue CAGR (3Y) -4.3% – 15.3%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 40.9% – –
Operating income CAGR (3Y) 1.6% – –
Net income growth (1Y) 51.5% 24.8% –
Net income CAGR (3Y) -1.1% 21.8% –
EPS growth (1Y) 68.0% – 39.0%
EPS CAGR (3Y) 3.7% – 49.3%
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricHSBCBNYGS
Gross margin – – –
EBITDA margin – – –
Operating margin 59.9% – –
Pretax margin 65.2% – –
Net margin 47.9% – –
FCF margin – – –
Operating cash flow margin – – –
Return on equity 14.3% 14.7% –
Return on assets 0.8% 1.3% –
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.0x – 0.0x
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricHSBCBNYGS
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 94.3% 91.1% 94.3%
Equity / assets 5.7% 8.9% 5.7%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHSBCBNYGS
Dividend yield 4.3% 1.0% 1.9%
Net buyback yield – – –
Shareholder yield 4.3% 1.0% 1.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHSBCBNYGS
Forward P/E 9.6xFY2026 17.0xFY2026 12.3xFY2026
EPS, next fiscal year $9.02FY2026 $8.73FY2026 $75.07FY2026
EPS growth, next FY +19.5%FY2026 +18.0%FY2026 +46.3%FY2026
EPS growth, the year after +9.1% +23.9% -6.8%
Revenue, next fiscal year $70.05BFY2026 $23.23BFY2026 $68.80BFY2026
Revenue growth, next FY -1.3%FY2026 +16.0%FY2026 +18.1%FY2026
Revenue growth, the year after +18.0% -2.4% +4.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHSBCBNYGS
Held by institutions 2.5% 83.8% 72.1%
Institutions holding 707 1,880 3,150
Change in shares held, QoQ -0.3% +0.5% +1.1%
Institutions buying 402 904 1,553
Institutions selling 180 699 1,124
Buyers to sellers 2.23 1.29 1.38

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HSBCBNYGS
HSBC 1.00 0.46 0.52
BNY 0.46 1.00 0.61
GS 0.52 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HSBC, BNY and GS?

Hsbc Holdings (HSBC) is the largest by market capitalisation: Hsbc Holdings (HSBC) $301.73B, Bank of New York Mellon (BNY) $102.44B, Goldman Sachs (GS) $278.52B.

Which stock is cheaper, HSBC, BNY and GS?

Hsbc Holdings (HSBC) trades on the lowest price-to-earnings ratio (Hsbc Holdings (HSBC) 11.4x, Bank of New York Mellon (BNY) 16.7x, Goldman Sachs (GS) 13.1x). On next year's consensus earnings, Hsbc Holdings (HSBC) is cheapest (Hsbc Holdings (HSBC) 9.6x, Bank of New York Mellon (BNY) 17.0x, Goldman Sachs (GS) 12.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hsbc Holdings (HSBC) grew revenue fastest over the trailing twelve months: Hsbc Holdings (HSBC) +1,900.0%, Goldman Sachs (GS) +18.7%.

Which stock has performed better?

Over the past year Bank of New York Mellon (BNY) returned the most: Hsbc Holdings (HSBC) +23.4%, Bank of New York Mellon (BNY) +37.0%, Goldman Sachs (GS) +16.9%. Over five years, Hsbc Holdings (HSBC) compounded fastest (Hsbc Holdings (HSBC) +23.5%/yr, Bank of New York Mellon (BNY) +20.2%/yr, Goldman Sachs (GS) +17.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bank of New York Mellon (BNY) has been the steadiest (Hsbc Holdings (HSBC) 28.0%, Bank of New York Mellon (BNY) 21.9%, Goldman Sachs (GS) 31.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HSBC, BNY and GS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hsbc Holdings (HSBC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.