Summary by Moomoo AI
HSBC HOLDINGS LIMITED ANNOUNCED ON 30 APRIL 2024 EARNINGS FOR THE FIRST QUARTER OF 2024. First-quarter earnings showed that the group's pre-tax profit was $127 billion, down $2 billion from the same period last year. The decrease was mainly due to the $48 billion gain recorded after the sale of the Canadian banking business, but partially offset by the $11 billion write-down confirmed by the Argentine business after the sale of the holding. Profit after tax was $108 million, down $2 billion from the same period last year. HSBC announced that it will distribute a total of $88 billion in distributions, including a first dividend of $0.1 per share in 2024, a special dividend of $0.21 per share, and a share buyback of up to $30 billion. The Group's ordinary shareholders' equity tier one capital ratio is 15.2%, an increase of 0.4 percentage points compared to the end of last year. The board members of HSBC Holdings Limited include Du Ka Kei, Bai Yao Yao, and others.