HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has reported a robust start to 2024, with a $12.7 billion profit in the first quarter, enabling the distribution of $8.8 billion to shareholders, including dividends and a new $3 billion share buy-back. The company has completed strategic sales in Canada and Argentina, focusing on markets with higher international value opportunities. Despite a slight decrease in profit before tax, HSBC’s financial outlook and mid-teens return on tangible equity target for 2024 remain unchanged.
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