汇丰控股:营收利润均超预期 未来ROTE指引更积极

中信建投证券
20 Feb

核心观点汇丰控股2024 年营收、利润继续超预期,全年ROT E 保持16%的较高水平。4Q24 息差企稳回升,财富管理收入增长依然强劲,交易银行表现符合预期,趋势向好。不良率季度环比下降,内房敞口逐步出清,未来对信用成本影响有效。展望未来,2025-2027 年汇丰ROT E 目标保持15%左右的中双位数水平,业绩指引非常积极。在降息周期内保持稳定高位的ROT E 水平,彰显了汇丰穿越利率周期的...

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