HSBC Life’s Post

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We’ve delivered another good quarter, with strong revenue growth and good performances in Wealth and Wholesale transaction banking. We’re continuing to return capital to our shareholders – $4.8bn through a dividend payout and a planned share buyback in respect of the third quarter. Discover more about our 3Q results: https://lnkd.in/gq2dqadv #HSBC

  • HSBC 3Q Results 2024
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Profit before tax:
$8.5bn
(3Q23: $7.7bn)
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Revenue
$17.0bn 
(3Q23: $16.2bn)
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Return on average tangible equity
19.3%
(16.7% excluding notable items)
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Dividend per share for 3Q24:
$0.10
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Further share buyback up to $3bn announced

Shame you can’t spare the relatively small amount needed to resolve the Clawback challenge that impacts your pensioners, on whose past efforts you built the empire

Chaiya Hallard (BA Hons) Cert CII

Marine Trades Manager UK/Europe*Marine Risk Management Professional

1mo

Spend some of that on your hard working dedicated staff before laying them off 👍🏼

All that profit and still choosing to taking money from pensioners Shame on you

Paul Lilley

Senior partner at South West Business Finance, Director, Friends Helping at Home, Trustee and chair of finance at Ivy Education Trust

1mo

Let’s trust the moral Q and the elephant in the room “pension clawback” is also on the agenda for change. A lot of our colleagues have been severely disadvantaged by this Dickensian decision taken an age ago. Let’s bring hope to those loyal team mates

Roger George

former Agriculture Manager, HSBC Bank plc

1mo

$8.5bn in a quarter and yet you can't afford to do the moral and ethical thing and remove pension clawback from your own staff pensioners. Show some moral backbone for a change and not just chase returns for your corporate investors and executives. Time to do the right thing. Stop clawback now. #HSBC #hsbcuk #midlandbank #clawback #fightingforfairness

Brian Harrison

Head of Compliance, Senior Ops Manager : Financial Services - Major Financial Companies

1mo

Great news. does that mean you now have the means to resolve the UK Pensioners concerns and treat them as valuable hsbc colleagues. or just pointing them to a charity is how you value them. hopefully everyone retires one day......how will you be valued

Steve Hurn

Owner, SH Specislist Cars LTD

1mo

I’m sure your customers are over the moon!!!

Impressive results and solid growth! At Ficy, we’re inspired by such commitment to shareholder value and innovation in wealth and transaction banking. As a fintech startup focused on streamlining financial services for SMEs, we’re always keen to learn from industry leaders driving impact at scale. Looking forward to more insights from your team! 👍

Well done HSBC, finally we are seeing the value getting unlocked from this amazing brand !

Hamad Aslam chaudhry FCCA , CPA, CIPFA (Affil), BFP, ACA

Financial Controller | Accounting, Audit, VAT, Taxes, Management accounting, FP&A, Budget, forecast| I help businesses improve performance 50% by streamlining processes, reducing costs, Optimizing Profitability.

1mo

Impressive results showcasing robust revenue growth and strategic capital return reflect a strong market position. The focus on Wealth and Wholesale transaction banking highlights a proactive approach to evolving customer needs in a competitive landscape. Such financial performance not only boosts investor confidence but also reinforces the importance of sustainable growth strategies. Exciting times ahead for HSBC! 🚀📈 #FinancialGrowth #WealthManagement #InvestorRelations #MarketTrends

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