HSBC’s Post

After delivering record profits in 2023, we had another strong performance in the first half of 2024 – further evidence that our strategy is working. Highlights of our Interim Results 2024 - Profit before tax: $21.6bn - Revenue: $37.3bn - Return on average tangible equity: 21.4% - Dividend per share for 2024: $0.10 - Further share buyback up to $3bn We delivered a strong profit performance in the first half of 2024 and we’re confident we have the right strategy and model to grow revenue, even in a lower interest rate environment. #HSBC HSBC HSBC Innovation Banking Noel Quinn David Liao Surendra Rosha Bob Hoyt Jon Doyle Ben Eason

In the first half of 2024, we achieved solid profit results and remain confident that our strategy and business model are well-suited to grow revenue, even in a low-interest-rate environment. #hsbc #growth #halfyearlyresults

Once again, our financial results reaffirm our strategy. In the first half of 2024, clients took advantage of our global connectivity to do more business across the world’s most economically dynamic regions and invest their wealth with us. By focusing on Asia’s innovative businesses and rising spending power, HSBC delivered consensus-beating earnings performance, with group profit before tax at $21.6 billion - roughly half of that from Asia. Having paid our highest dividend since the global financial crisis in 2023, we will continue to share the fruits of success with shareholders. We have announced a second interim dividend of $0.10; given the strength of our balance sheet, we continue to buy back more stock and give our shareholders a correspondingly larger stake in the bank. Over the last 18 months we distributed over $30 billion through dividends and buybacks. We thank our loyal investors, and we are honoured to count so many Hong Kong families among them. Our international strategy and our strong execution is delivering improved returns for all of us. #HSBC #HSBCAsia #International #Dividend Surendra Rosha

Great results

Beyond the numbers, true business success lies in profitability, not just sales volume. More sales can bring stress, but charging what you're worth ensures a stable foundation. Focus on profitability, not just revenue, for a sustainable and thriving business. 💼💰 #BusinessWisdom #ProfitFirst #hsbc

## Why "After delivering record profits in 2023, we had another strong performance in the first half of 2024 – further evidence that our strategy is working" is a strong statement. **This statement is powerful because it:** * **Reinforces success:** It highlights the company's consistent strong financial performance, building credibility and trust. * **Validates strategy:** It directly attributes the success to the company's strategy, implying its effectiveness and foresight. * **Inspires confidence:** It creates a positive outlook for investors, employees, and customers, fostering confidence in the company's future. * **Sets expectations:** It suggests that the company is on a growth trajectory and can be expected to continue delivering strong results. **Essentially, this statement is a concise and impactful way to communicate the company's achievements and reinforce its strategic direction.**

Doing the right things…

I just completed HSBC's Global Banking & Markets on Forage. "with HSBC and Forage. Excited to apply this valuable experience in my future career!.. #Professional_Development #HSBC #GlobalBanking"

HSBC has announced the sale of its business in Argentina to Grupo Financiero Galicia S.A. for $550 million, resulting in a $1 billion loss. This move aligns with HSBC's strategy to streamline its operations and focus on its Asian markets, particularly in India and China. CEO Noel Quinn aims to simplify the bank's structure and enhance performance by divesting from underperforming markets like France and Canada. The decision comes in the wake of challenges in Argentina, including hyperinflation and currency devaluation, leading to significant earnings volatility. Despite the loss and currency translation reserve losses, HSBC reassures stakeholders that its core capital and asset values will remain unaffected. The sale marks a significant step in HSBC's strategic realignment, allowing it to concentrate on higher value opportunities within its international network. #marketfacts #stockmarket #hsbc #grupo #strategy #banking #losses #stocks #opportunities #news

During Citi ‘s 2024 Investor Day held on June 18, the chief focused on Services business, including Treasury and Trade Solutions (TTS) and Securities Services. Citi ‘s CEO, Jane Fraser along with CFO Mark Mason and Head of Services Shahmir Khaliq provided updates on the company's strategy and future direction. The event emphasized Citi ‘s commitment to enhancing its role as a leading global bank for institutions with cross-border needs and a leader in #wealth management. Key outcomes from the event included: 1. Strategic Focus - Citi reiterated its goal to be the top #banking partner for institutions requiring #crossborder services, and to maintain leadership in #wealthmanagement and personal #banking in the U.S. market. 2. Growth Initiatives - Detailed plans were shared on how Citi aims to expand and #innovate within its Services segment, leveraging its global network to provide comprehensive solutions to clients 3. #OperationalEfficiency - Citi highlighted efforts to improve operational #efficiency and deliver higher returns on investments through strategic #technology enhancements and process improvements. Overall, the event reinforced Citi’s strategic priorities and commitment to growth in key business areas, aiming to enhance shareholder value through targeted initiatives and operational #excellence. #CitiProud #LeadershipAtCiti #BeTheBestForOurClients #CitiCareers #LifeAtCiti #ProgressMakers