HSBC’s profits rise in FY2024; total dividend is $0.87

The fourth interim dividend is $0.36 per share.

HSBC has earned a profit before tax of $32.3b for FY2024, up $2b from a year earlier, its latest financial report showed.

Total dividend per share for FY2024 is $0.87, compared to the $0.61 dividend in FY2023.

The fourth interim dividend is $0.36 per share.

HSBC announced that it will initiate a further share buyback of up to $2b, which will bring the total returns to shareholders to $26.8b through buybacks and dividends.

Operating expenses are $33b, 3% higher than in 2023.

Common equity tier 1 (CET1) capital ratio was 14.9%