From Financial Modeling Prep: 2025-02-19 06:01:31

HSBC exceeded profit expectations in 2024, driven by wealth and markets growth. New CEO Georges Elhedery announced a $2 billion share buyback and cost-cutting targets. Despite low interest rates, HSBC’s core income remained robust.

Elhedery’s focus on optimizing resources and strengthening Asia market presence aligns with HSBC’s profit concentration in the region. The bank’s cost-cutting measures aim to streamline operations amid global economic uncertainty.

HSBC’s $2 billion share buyback aims to balance restructuring costs and maintain strong capital returns. The bank faces challenges navigating global monetary policy shifts as central banks take different approaches.

HSBC’s strong earnings, cost-cutting plan, and share buyback support its Asia-first growth strategy. However, global economic shifts and monetary policy divergence may pose challenges in 2025. Investors should monitor how HSBC executes cost cuts and adapts to global headwinds.



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