October 2026
Largest Investment Banking Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
HSBC, Lloyds Banking Group, Barclays, Standard Chartered and Investec UK.
 | HSBC Holdings plc is the London-headquartered parent of the HSBC Group, one of the world's largest banking and financial services organisations, which opened its doors in Hong Kong in March 1865 to finance trade between Europe, Asia and the Americas. Today it serves around 41 million personal, wealth and corporate customers in 56 countries and territories and has about 211,000 employees. It runs four businesses, Hong Kong, the UK, Corporate and Institutional Banking, and International Wealth and Premier Banking, which cover retail and commercial banking, global banking and markets, wealth management and private banking. For 2025 the group reported revenue of $68.3 billion, net interest income of $34.8 billion, profit before tax of $29.9 billion and total assets of $3,233 billion, and CEO Georges Elhedery targets a return on tangible equity of 17% or better, excluding notable items, in each year from 2026 to 2028. Its footprint has been simplified through disposals in Canada and Argentina and the sale of a French retained loan portfolio completed in late 2025, and it privatised Hang Seng Bank with the capital impact falling in January 2026. HSBC shares are listed in London, Hong Kong, New York and Bermuda. | $19 | +36% | $326B | $326B | 4.6x | - | ||
| Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services. | $1 | +19% | $80B | $80B | 3.0x | - | ||
| Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; Barclays UK (retail), UK corporate bank, private bank and wealth management, investment bank, and US consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The US consumer bank includes a co-branded credit card and unsecured lending business. The investment bank offers global markets, financing, and advisory services. | $6 | +8% | $77B | $77B | 2.0x | - | ||
| Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the United Kingdom, and provides banking services across over 50 countries and territories, primarily in Asia, Africa, the Middle East, and the UK. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets. | $28 | +38% | $62B | $62B | 3.0x | - | ||
| Investec PLC provides specialised products and services to private, corporate, and institutional clients through defined target markets. Its operating segments are: Private Banking offers lending, mainly residential mortgages, savings and transactional banking, bespoke foreign exchange and financing solutions to HNW clients. Corporate, Investment Banking and Other provides lending, advisory and risk management services to growth-oriented corporate clients, including private companies, private equity and listed companies, with specialist sector-focused expertise, and includes central treasury and liability management. Group Investments comprises assets separated from core banking activities to assess underlying performance and value and provide transparency of standalone asset values. | $8 | +7% | $5.1B | $5.1B | 1.7x | - | ||
| Cavendish PLC is managed as an integrated, full-service financial services business. The company has single operating and reportable segments. Its sectors are Business Services, Consumer, Energy, Power & Resources, Financial Services, Industrial Technology, Life Sciences, Technology. Its services are Debt Advisory, Equity Capital Markets & Corporate Broking, Investment Companies, Private Growth Capital, Private M&A, Public M&A, Capital Markets - Private Secondary. | $0 | -35% | $31M | $31M | 0.4x | 6.7x | ||
| Median | $7 | +13% | $69B | $69B | 2.5x | 6.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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