HSBC delivered a strong profit performance in H1 2024, with profit before tax of $21.6bn, stable compared to H1 2023. Revenue increased 1% to $37.3bn, driven by higher banking net interest income. The bank achieved an annualized return on average tangible equity of 21.4%, or 17% excluding notable items.HSBC announced a second interim dividend of $0.10 per share and a new $3bn share buyback program. This brings total capital distributed in respect of the last 18 months to $34.4bn. The bank upgraded its 2024 banking net interest income guidance from at least $41bn to around $43bn.CEO Noel Quinn expressed confidence in delivering attractive returns even in a lower interest rate environment, citing macroeconomic trends favoring HSBC's strengths and ongoing cost discipline. The bank provided new guidance of a mid-teens return on average tangible equity, excluding notable items, for 2025.

HSBC delivered a strong profit performance in H1 2024, with profit before tax of $21.6bn, stable compared to H1 2023. Revenue increased 1% to $37.3bn, driven by higher banking net interest income. The bank achieved an annualized return on average tangible equity of 21.4%, or 17% excluding notable items.HSBC announced a second interim dividend of $0.10 per share and a new $3bn share buyback program. This brings total capital distributed in respect of the last 18 months to $34.4bn. The bank upgraded its 2024 banking net interest income guidance from at least $41bn to around $43bn.CEO Noel Quinn expressed confidence in delivering attractive returns even in a lower interest rate environment, citing macroeconomic trends favoring HSBC's strengths and ongoing cost discipline. The bank provided new guidance of a mid-teens return on average tangible equity, excluding notable items, for 2025.