Ratul Das’ Post

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

Doing the right things…

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

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

𝐇𝐞𝐚𝐝𝐥𝐢𝐧𝐞: 𝐇𝐒𝐁𝐂 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐬 𝐌𝐞𝐫𝐠𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐃𝐢𝐯𝐢𝐬𝐢𝐨𝐧𝐬. 𝐖𝐡𝐲 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠: HSBC is aiming to streamline its operations, reduce costs, and potentially increase revenue by combining its commercial and investment banking divisions. This move is likely driven by the changing economic landscape and the need to adapt to evolving market conditions. 𝐃𝐚𝐭𝐚-𝐛𝐚𝐬𝐞𝐝 𝐞𝐱𝐩𝐥𝐚𝐧𝐚𝐭𝐢𝐨𝐧: 𝟏) 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐁𝐨𝐨𝐬𝐭: The combined division would become HSBC's largest revenue generator, contributing approximately $40 bn annually. 𝟐) 𝐂𝐨𝐬𝐭 𝐒𝐚𝐯𝐢𝐧𝐠𝐬: The merger could potentially lead to cost reductions by eliminating overlapping roles and streamlining operations. 𝟑) 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭:The combination would align HSBC's businesses more closely, enabling it to better serve clients across different sectors and sizes. Rishabh Kale

We announced this week unprecedented results for 2023. Beyond the record figures, this is the fruit of our cooperation and mobilisation on serving our clients, and our ability to transform our business, especially in Continental Europe, in a breadth and depth never seen before to invest in robust growth. #HSBC #StrategicTransformation

🎉📈 Attention Business Leaders! 📈🎉 Exciting News for HSBC who achieved record-breaking profits in 2023, and we're proud to have played a small part in their success story! 💼✨ At #emagine we specialize in providing top-tier consultants who bring expertise, innovation, and strategic insight to companies like HSBC. Our partnership with HSBC is a shining example of how our consultancy services drive tangible results and contribute to our clients' extraordinary achievements. In a rapidly changing economic landscape, organizations need agile, forward-thinking partners to navigate complexities and seize opportunities. That's where we come in. Whether it's optimizing operations or implementing cutting-edge technologies our team of seasoned consultants is here to empower your business for success. If you're looking to emulate HSBC's success and elevate your organization to new heights, emagine is ready to collaborate with you. Let's embark on a journey of growth, innovation, and unparalleled success together! Contact us today to learn how our consultancy services can unlock your company's full potential. 🚀 #ConsultancyServices #BusinessSuccess #Innovation #StrategicPartnership #RecordProfits

HSBC Holdings Plc’s CEO, Noel Quinn, is stepping down unexpectedly after nearly five years at the helm, prompting a search for his successor at Europe’s largest bank. Quinn cited a desire for better work-life balance as the reason for his departure. During his tenure, he spearheaded strategic reviews aimed at bolstering the bank's Asian business while scaling back in Western markets. Despite the unexpected exit, HSBC reported a 1.8% drop in pretax profit for the first quarter but announced a larger-than-expected $3 billion buyback. The departure marks the third CEO search under Chairman Mark Tucker, aiming to conclude by the second half of the year. #CEOs #Leadership #SuccessionPlanning #Growth #Business #Transformation #HSBC I Bloomberg News I Harry Wilson I 

HSBC's CEO emphasizes that a NEW STRUCTURE is essential for maximizing the bank's PERFORMANCE and achieving its strategic goals. The implementation of this new structure is expected to drive INNOVATION and improve operational EFFICIENCY across the organization. #HSBC #BankingSector #Innovation