Summary by Moomoo AI
Stanchart announced its financial performance for the first half of 2024 and the second quarter, demonstrating strong performance. Bill Winters, CEO of the group, said that revenue in the first half of the year recorded double-digit growth, with pre-tax profit growth of up to 20%. Based on confidence in performance and a robust capital position, Stanchart announced a share buyback of 1.5 billion yuan and raised its revenue growth guidance, with revenue growth expected to exceed 7% in 2024. In addition, Stanchart also announced an increase in the interim ordinary stock dividend by 50% to 9 cents per share. Diego De Giorgi, the group's CFO, provided detailed financial data, including performance and risk management of each business unit. The group's Chief Risk Officer, Sadia Ricke, assessed current macro-economic and geopolitical risks and outlined the group's risk management strategy.