HSBC 2024 Outlook Unchanged: Sees NII Of At Least $41B And RoTE In The Mid-Teens For 2024; Expects To Maintain the CET1 Capital Ratio Within 14% To 14.5%
Portfolio Pulse from Benzinga Newsdesk
HSBC maintains its 2024 financial outlook, targeting a RoTE in the mid-teens and banking NII of at least $41B, with cost growth guidance at approximately 5% and ECL charges around 40bps. The CET1 capital ratio is expected to be managed within 14% to 14.5%, aiming for a 50% dividend payout ratio.
April 30, 2024 | 6:56 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC maintains its 2024 outlook with a RoTE in the mid-teens, banking NII of at least $41B, cost growth of approximately 5%, and ECL charges around 40bps. It also aims to manage its CET1 capital ratio within 14% to 14.5%, with a 50% dividend payout ratio.
HSBC's reaffirmation of its 2024 financial targets, including significant NII and a stable CET1 capital ratio, signals confidence in its operational stability and growth prospects. This positive outlook, especially in maintaining a strong dividend payout ratio, is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100