HSBC 2024 Outlook: Reaffirms NII Guidance 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 reaffirms its 2024 financial guidance, maintaining targets for net interest income, return on tangible equity, and capital ratios. The bank plans to manage its CET1 capital ratio within 14% to 14.5% and aims for a 50% dividend payout ratio. HSBC is also progressing with the sale of its Argentina business.

October 29, 2024 | 5:33 am
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HSBC reaffirms its 2024 financial guidance, maintaining targets for net interest income, return on tangible equity, and capital ratios. The bank plans to manage its CET1 capital ratio within 14% to 14.5% and aims for a 50% dividend payout ratio. HSBC is also progressing with the sale of its Argentina business.
HSBC's reaffirmation of its financial targets for 2024, including a stable NII and RoTE, suggests confidence in its financial health and strategy. The planned sale of its Argentina business and a clear dividend payout target further support a positive outlook.
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