Strong Q2 Income Growth
Q2 income was up 15% year-on-year, driven by double-digit growth across Global Banking, Global Markets, and Wealth Solutions, with record net new money in the affluent business.
Profit Before Tax and RoTE
Profit before tax for the quarter was $2.4 billion, up 34% with a return on tangible equity of 19.7%.
Share Buyback Announcement
Announced a further share buyback of $1.3 billion, contributing to a total distribution of $6.5 billion since full year 2023.
Wealth Solutions and Affluent Client Growth
Wealth Solutions income was up 20% with record net new money of $16 billion in Q2 and onboarding of 64,000 new-to-bank affluent clients.
Digital Assets and Ventures Progress
Income from Mox and Trust was up 48%, with strong operating leverage and expansion into digital asset services.