HSBC dished out £15.1bn to shareholders last year and there’s more to come in 2024

cityam05-03

Higher interest rates have helped boost HSBC’s bottom line. HSBC dished out roughly $19bn (£15.1bn) to shareholders last year and expects hefty payouts to continue in 2024, its management has said, as...

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HSBC dished out roughly $19bn (£15.1bn) to shareholders last year and expects hefty payouts to continue in 2024, its management has said, as...</p>\n\n<a href=\"https://www.cityam.com/hsbc-dished-out-15-1bn-to-shareholders-last-year-and-theres-more-to-come-in-2024/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HSBC dished out £15.1bn to shareholders last year and there’s more to come in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHSBC dished out £15.1bn to shareholders last year and there’s more to come in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/hsbc-dished-out-15-1bn-to-shareholders-last-year-and-theres-more-to-come-in-2024/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Higher interest rates have helped boost HSBC’s bottom line. HSBC dished out roughly $19bn (£15.1bn) to shareholders last year and expects hefty payouts to continue in 2024, its management has said, as...</p>\n\n<a href=\"https://www.cityam.com/hsbc-dished-out-15-1bn-to-shareholders-last-year-and-theres-more-to-come-in-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2236285917.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","start_time":0,"source_url":"https://www.cityam.com/hsbc-dished-out-15-1bn-to-shareholders-last-year-and-theres-more-to-come-in-2024/","article_id":"2432971851","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/05/HSBC-1200x800-1.jpeg?w=400&h=225&crop=1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432971851","pubTimestamp":1714739049,"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Higher interest rates have helped boost HSBC’s bottom line. HSBC dished out roughly $19bn  to shareholders last year and expects hefty payouts to continue in 2024, its management has said, as Europe’s biggest bank looks to weather economic uncertainty and interest rate cuts.At the Asia-focused lender’s annual general meeting on Friday, chair Mark Tucker said the bank’s decision to return the cash to investors via dividends and share buybacks reflected the strength of the board’s strategy.HSBC has planned for a further $8.8bn  in payouts already this year and is targeting a dividend payout ratio of 50 per cent in 2024, he added.The massive rewards have dwarfed rewards from other UK-based banks.Tucker is now looking for his third CEO after Noel Quinn announced his surprise retirement after nearly five years in the role earlier this week.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4585":"ETF&股票定投概念","BK4521":"英国银行股","BK4588":"碎股","BK4207":"综合性银行","HSBC":"汇丰"},"translate_title":"汇丰去年向股东发放了151亿英镑，2024年还会有更多","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":1},"content_text":"Higher interest rates have helped boost HSBC’s bottom line. HSBC dished out roughly $19bn (£15.1bn) to shareholders last year and expects hefty payouts to continue in 2024, its management has said, as Europe’s biggest bank looks to weather economic uncertainty and interest rate cuts.At the Asia-focused lender’s annual general meeting on Friday, chair Mark Tucker said the bank’s decision to return the cash to investors via dividends and share buybacks reflected the strength of the board’s strategy.HSBC has planned for a further $8.8bn (£7bn) in payouts already this year and is targeting a dividend payout ratio of 50 per cent in 2024, he added.The massive rewards have dwarfed rewards from other UK-based banks. \n\nHSBC enjoyed a record annual profit last year on the back of global interest rate hikes. Its pretax profit soared 78 per cent to $30.3bn (£24.0bn) in 2023.However, with inflation easing worldwide, central banks are expected to start cutting rates in the coming months, which could threaten major lenders’ bottom lines.HSBC economists have projected that global inflation will gradually fall gradually to 5.8 per cent this year and 3.8 per cent in 2025. The bank’s analysts have said they believe the European Central Bank and Bank of England will begin lowering rates in June, both cutting by 150 basis points by the end of 2025.US Federal Reserve is expected to make its first cut in September, lowering rates by 100 basis points by the end of next year.\n\nHowever, Tucker warned that “it may not be a steady path” for rate cuts, noting “some recent stubbornness in inflation”.In recent years, HSBC has had to deal with the Covid-19 pandemic, an economic slowdown in its key Chinese market and a challenge from its largest shareholder, Ping An, to carve out the bank’s Asia business.No other major investor backed Ping An’s plan at the bank’s AGM last year.“I am pleased to say that the overwhelming majority of shareholders agreed with us,” Tucker said on Friday. “A year later, you can see the value of your support for the board’s recommendations.”\n\nTucker is now looking for his third CEO after Noel Quinn announced his surprise retirement after nearly five years in the role earlier this week.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432971851"}