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<Foresight>Brokers Expect HSBC HOLDINGS 2024 EBIT to Rise 5%+ YoY; Focus on Div./ Shr Buyback/ Biz Restructuring Guidance
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HSBC HOLDINGS (00005.HK) will announce its 2024 results next Wednesday (19th). Non-interest income was affected by the volatility in the capital market, with a slowdown in China's macroeconomic growth. The market will focus on the announcement of HSBC management's latest strategic guidance, including progress on capital allocation (share buyback and dividend), Asia wealth management revenue and leverages for cost optimization, as well as the launch of restructuring for global business, etc.. ------------------------------------------------------------ HSBC HOLDINGS' 2024 reported EBIT will range from US$31.374 billion to US$33.843 billion, up 3.4-11.5% YoY from US$30.348 billion in the previous year, according to 8 brokers' forecasts summarized by our reporters. Median was US$31.922 billion, up 5.2% YoY. Broker│2024 Reported EBIT Forecast (USD)│YoY Change Goldman Sachs│33.843 billion│+11.5% CICC│32.607 billion│+7.4% Deutsche Bank AG│32.066 billion│+5.7% Citi│31.932 billion│+5.2% BofA Securities│31.912 billion│+5.2% Barclays│31.803 billion│+4.8% Morgan Stanley│31.566 billion│+4.0% DBS│31.374 billion│+3.4% Based on HSBC HOLDINGS' 2023 reported EBIT of US$30.348 billion. AAStocks Financial News |
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