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HSBC HOLDINGS Maintains Div. Payout Ratio Target at 50% for 2024
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The guidance remains unchanged from that set out at HSBC HOLDINGS (00005.HK)'s full-year results on 21 February, according to HSBC HOLDINGS' results announcement. HSBC HOLDINGS continued to target a return on average tangible equity (RoTE), excluding the impact of notable items, in the mid-teens for 2024, with banking net interest income of at least US$41 billion, dependent on the path of interest rates globally. The Group intended to manage its CET1 capital ratio within its medium-term target range of 14-14.5%, with a dividend payout ratio target of 50% for 2024, excluding material notable items and related impacts. AAStocks Financial News |
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