Profit Before Tax Growth
The company delivered a 9% growth in profit before tax on the back of a 5% increase in income.
Wealth Solutions and Global Banking Performance
Record quarterly performance in Wealth Solutions and Global Banking, leading to an upgrade in 2025 income growth guidance towards the upper end of the 5% to 7% range.
Return on Tangible Equity
The company expects to deliver a return on tangible equity of around 13% in 2025, accelerating their previous guidance by a year.
Operating Income Increase
Operating income increased by 5% to $5.1 billion, supported by strong performance in Wealth Solutions and Global Banking.
Strong Affluent Client Growth
Onboarded 67,000 new-to-bank affluent clients in the quarter, continuing the trend of onboarding over 60,000 clients each quarter.