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Operating Profit by Segment
Reveals the profitability of each business segment, highlighting which areas are driving earnings and where there may be challenges or opportunities for growth.HSBC's Wealth & Personal Banking and Commercial Banking segments have shown robust growth, with notable increases in operating profit since 2020. The latest earnings call highlights continued strength in the wealth segment, supported by $22 billion in new assets and a surge in Hong Kong customers. However, the Corporate Centre's volatility, particularly a significant loss in late 2024, raises concerns. Despite macroeconomic uncertainties and potential tariff impacts, HSBC's strategic focus on wealth growth and capital returns, including a $3 billion buyback, underpins its resilience.
Date | Wealth & Personal Banking | Commercial Banking | Global Banking & Markets | Corporate Centre |
|---|---|---|---|---|
Dec 31, 2024 | $5.71B | $5.40B | $3.25B | -$4.88B |
Jun 30, 2024 | $6.43B | $6.46B | $3.81B | $3.23B |
Dec 31, 2023 | $2.92B | $5.34B | $2.34B | -$140.00M |
Jun 30, 2023 | $8.56B | $7.94B | $3.58B | -$3.00M |
Dec 31, 2022 | $5.57B | $4.14B | $2.57B | -$208.00M |
Jun 30, 2022 | $2.94B | $3.58B | $2.88B | -$171.00M |
Dec 31, 2021 | $3.16B | $3.37B | $2.03B | $22.00M |
Jun 30, 2021 | $3.85B | $3.38B | $3.31B | -$241.00M |
Dec 31, 2020 | $2.43B | $5.00M | $2.28B | -$985.00M |
Jun 30, 2020 | $1.70B | $184.00M | $2.55B | $242.00M |