HSBC HOLDINGS(00005.HK):RETURN ON TANGIBLE EQUITY LIKELY TO REACH 12% IN 2023 2Q22 results notably beat our expectations HSBC Holdings announced 2Q22 results: Revenue grew 1.6% YoY to US$12.77bn; net profit attributable to ordinary shareholders jumped 61.5% YoY to US$5.49bn. We believe...
Dividend per share as of 2023/12. (4) TTM Yield is computed by last price and TTM dividend per share. TTM dividend per share as of 2024/06. (5) Price to Book ratio is computed by last price and net asset value per share; net asset value per share as of 2023/12. (6) ...
Looking forward, supportive interest rates and good underlying business growth have given us strong momentum. We continue to target a mid-teens return on average tangible equity. We are also, however, mindful of the interest rate cycle and the subsequent impact on net interest income. In 2023, ...
(24.3%): operations on the capital markets, operations on rates, change rates and natural resources, merger and acquisition consulting, initial public offerings, capital investment, specialized and unionized financing solutions, etc.; At the end of 2023, the group had USD 1,611.6 billion in ...
Changes due to the application of IFRS 17 from 01 January 2023 are expected to have a net nil impact to CET1. Risk-weighted assets ('RWAs') RWAs totalled $839.7 bn at 31 December 2022, a $1.4bn increase since 2021. Excluding a decrease of $41.9bn due to foreign currency translations...
(24.3%): operations on the capital markets, operations on rates, change rates and natural resources, merger and acquisition consulting, initial public offerings, capital investment, specialized and unionized financing solutions, etc.; At the end of 2023, the group had USD 1,611.6 billion in ...
profit performance. cost discipline remains tight, and we're clearly on track to deliver our target. we've resumed quarterly dividends and announced a share buyback of up to $2 billion, but i'm also confident about the rest of 2023. we built a strong platform for future growth and our ...
For HSBC overall, pre-tax profit in 2023 rose by $13.3 billion to $30.3 billion, primarily reflecting revenue growth. This included a favourable year-on-year impact of $2.5 billion stemming from HSBC’s sale of retail banking operations in France, and a $1.6 billion provisional gain recognise...
HSBC Holdings plc Earnings Release 3Q23 1 Earnings Release – 3Q23 Outlook – We remain committed to targeting a return on average tangible equity ('RoTE') in the mid-teens for 2023 and 2024, which excludes the impact of material acquisitions and disposals. – We continue to expect net ...
Introducing a capital gains tax – Local companies disposing of unlisted shares will have to pay a capital gains tax of 10% from the net profit of the sale, starting 1 March 2024. However, based on specific conditions, initial public offerings (IPOs), internal restructuring, and ventu...