Here is a summary of the text
HSBC Holdings released its 2024 interim results, reporting a stable profit before tax of $21.6 billion compared to the previous year. The groups revenue rose by $0.4 billion to $37.3 billion, and it completed the disposal of its banking business in Canada, recognizing a gain of $4.8 billion. The constant currency profit before tax excluding notable items remained stable at $18.1 billion. The Board approved a second interim dividend of $0.10 per share and announced a share buy-back of up to $3 billion. Noel Quinn, Group Chief Executive, expressed confidence in the banks strategy and expected a mid-teens return on average tangible equity in 2025. The text also includes a financial summary, notable items, and a cautionary statement regarding forward-looking statements.
| Year | Profit Before Tax ($m) | Profit After Tax ($m) | Cost Efficiency Ratio (%) | Net Interest Margin (%) | Basic Earnings Per Share ($) | Diluted Earnings Per Share ($) | Dividend Per Ordinary Share ($) |
|---|---|---|---|---|---|---|---|
| 2024 | 21,556 | 17,665 | 43.7 | 1.62 | 0.89 | 0.88 | 0.20 |
| 2023 | 21,657 | 18,071 | 41.9 | 1.70 | 0.86 | 0.86 | 0.20 |