HSBC, Standard Chartered Profit Surge

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HSBC

South China Morning Post

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Business

Business & Economics

HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand

Summary

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90% Informative

HSBC may report a 7 per cent increase in its 2024 profit to US$24.09 billion when it reports its full-year results on Wednesday .

Standard Chartered's 2024 profit may jump 22 per cent to US $4.23 billion , according to forecasts.

Hong Kong's banks are facing thinner margins, as the HKMA cut its base rate three times since September .

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century . For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright 2025 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2025 . South China Morning Post Publishers Ltd. All rights reserved..

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English

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