Strong Income and Earnings Growth
Income increased by 12% year-on-year, and earnings per share grew by 19%, driven by strong performances in Wealth Solutions, Global Markets, and Global Banking.
Continued Expansion in Wealth Management
Wealth Solutions income grew by 28%, with significant contributions from structured products and bancassurance. New client acquisition was strong, with 72,000 new clients onboarded.
Resilient Network Business
The network business, representing 60% of CIB income, remained highly diversified and resilient with network income totaling $7.3 billion in 2024, showing a 9% CAGR since 2019.
Strong Capital and RWA Management
CET1 ratio increased by 21 basis points quarter-on-quarter to 13.8%, despite the impact of a $1.5 billion share buyback.