HSBC Holdings PLC's market value has surpassed $300 billion, making it the first European-listed bank to achieve this milestone. The bank's share price rose by as much as 3%, hitting a record high, after Citigroup raised its price target for the lender, citing a surge in wealth management fees and a rebound in the Hong Kong Interbank Offered Rate. Analysts at Citigroup, including Andrew Coombs, maintained their Buy rating on the stock and placed it on their "Positive Catalyst Watch" list ahead of the full-year results announcement on February 25. The newly set target price of 1,370 pence implies an approximate 10% upside from Monday's closing price. Tuesday's gains extended HSBC's year-to-date advance to 9%, bringing its market capitalization to £219.2 billion ($300.6 billion) by the London lunchtime trading session. The stock recorded its largest annual gain since 1999 last year, climbing more than 50% over the full year.