HSBC 2024 Outlook: Sees NII Of Around $43B And RoTE In The Mid-Teens; Expects To Maintain the CET1 Capital Ratio Within 14% To 14.5%
Portfolio Pulse from Benzinga Newsdesk
HSBC has released its 2024 outlook, targeting a return on average tangible equity (RoTE) in the mid-teens and expecting net interest income (NII) of around $43 billion. The bank aims to maintain its CET1 capital ratio within 14% to 14.5% and has a dividend payout ratio target of 50%.
July 31, 2024 | 5:28 am
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HSBC's 2024 outlook includes a target RoTE in the mid-teens, expected NII of $43 billion, and a CET1 capital ratio of 14%-14.5%. The bank also targets a 50% dividend payout ratio.
HSBC's positive outlook for 2024, including strong RoTE and NII targets, along with a stable CET1 capital ratio and a high dividend payout ratio, is likely to boost investor confidence and positively impact the stock price in the short term.
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