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Hargreaves Lansdown $HL FY24H1 Revenues +5%, w/ interest on client cash +9% Avg. AUA +7.0%, w/ Funds +5% HL margin on client cash 2.16% (PY: 1.68%) Total Costs * +16% (£185.6m vs. £160.4m) PBT -8% (or flat ex. £14.4m impairment) EPS -14% * Incl. "strategic" & restructuring https://t.co/GsARJXgrkQ
Lloyds $LLOY FY23 results Q4 ROTE 13.9% (Q3: 16.9%, PY: 11.0%) NII -4% q/q, -9% y/y, NIM 2.98% (Q3: 3.08%) Total Income -10% y/y Costs +20%, UL Profit Before Impair. -44% Credit release £541m (PY: £419m costs) FY ROTE 15.8% (PY: 9.8%) Cost/Income 54.7% (PY: 51.1%) On track for… https://t.co/9g5Dkw9oxd
Rio Tinto Annual Net Profit Falls 19%, Pares Dividend - WSJ https://t.co/xyF4tqRdpB
Rio Tinto reported its FY 23 earnings with a net income of $10.06 billion, falling short of the expected $11.15 billion. However, its underlying profit rose to $11.8 billion, slightly above the forecast of $11.66 billion, with an underlying EBITDA of $23.9 billion, marginally beating the $23.85 billion expectation. Despite meeting annual profit expectations, the company announced a 19% fall in annual net profit and reduced its dividend, attributing the decline to lower demand from China, its biggest customer. The underlying profit also saw a 12% decrease compared to previous figures.
