Side by sideHSBC (HSBA.L) and Lloyds (LLOY.L)Memos of October 10, 2026 and October 12, 2026
HSBC vs Lloyds stock: the numbers side by side (October 2026)
How do HSBC and Lloyds compare?
| HSBC HSBA.L | Lloyds LLOY.L | |
|---|---|---|
| Revenue growth | 3.7%Year to Dec 2025 | 7.9%2025 |
| Net interest margin | 1.6%Year to Dec 2025 | 3.1%2025 |
| CET1 capital ratio | 14.9%Year to Dec 2025 | 14.0%2025 |
| Dividend yield | 4.1%Today (Oct 8, 2026) | 3.6%Today (Oct 12, 2026) |
| P/E, last 12 months | 13.0xToday (Oct 8, 2026) | 12.7xToday (Oct 12, 2026) |
| P/E, next 12 months | 9.6xToday (Oct 8, 2026) | 8.3xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 1168.75 (-11 %)October 2027 | 92512.96 (+90960 %)October 2027 |
| Weighted price forecast, about 3 years | 1228.74 (+3 %)October 2029 | 113254.26 (+111382 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Lloyds | The higher figure |
| Net interest margin | Lloyds | The higher figure |
| CET1 capital ratio | HSBC | The higher figure |
| Dividend yield | HSBC | The higher figure |
| P/E, last 12 months | Lloyds | The lower figure |
| P/E, next 12 months | Lloyds | The lower figure |
| Weighted price forecast, about 1 year | Lloyds | The higher weighted return |
| Weighted price forecast, about 3 years | Lloyds | The higher weighted return |
What does each company do?
HSBC is a global bank for individuals, businesses, financial institutions and public bodies.
HSBC (HSBA.L), from our memo of October 10, 2026 · HSBC stock forecast
Lloyds is a mainly UK bank for households and businesses.
Lloyds (LLOY.L), from our memo of October 12, 2026 · Lloyds stock forecast