Summary by Futu AI
Standard Chartered announced its financial performance for the first half of 2024 and the second quarter, showing strong performance. CEO Bill Winters stated that revenue in the first half of the year recorded double-digit growth, with pre-tax profit growth of up to 20%. Based on confidence in performance and a strong capital position, Standard Chartered announced a share repurchase of 1.5 billion yuan and raised its income growth guidance, expecting revenue growth of over 7% in 2024. In addition, the interim ordinary stock dividend was increased by 50% to 9 cents per share. CFO Diego De Giorgi provided detailed financial data, including the performance of business units and risk management. Group Chief Risk Officer Sadia Ricke assessed the current macroeconomic and geopolitical risks and outlined the group's risk management strategy.