HSBC becomes the first European bank with a market value surpassing 300 billion US dollars.

HSBC's stock price once rose by 3%, reaching a record high. Citigroup previously raised their target price for the stock, citing a sharp increase in wealth management fees and a rebound in Hong Kong's interbank borrowing rates. Citigroup analysts, including Andrew Coombs, maintained a buy rating on the stock and included it in their "positive catalyst watch list" before the announcement of the full-year performance on February 25. The new target price of 1370 pence represents about a 10% upside from Monday's closing price. Tuesday's increase expanded HSBC's year-to-date gain to 9%, with a market capitalization of 219.2 billion as of London's midday trading session. The stock posted its biggest annual gain since 1999 last year, rising more than 50% for the full year.