STANCHART(US:SCBFY)2024-05-05 08:23Financial Data and Key Metrics Changes - The company reported a strong start to 2024 with first quarter income up 20%, even excluding notable items totaling $234 million, income was still up 14% [2] - Adjusted net interest income increased by 5%, with pretax profit rising by 27% due to mid-single-digit expense growth and modest loan impairments [3] Business Line Data and Key Metrics Changes - Wealth Solutions saw a significant increase of 23%, while markets were up 17%, indicating strong performance in non-net interest income (non-NII) [3] - Banking income also showed good momentum, increasing by 17% [3] Market Data and Key Metrics Changes - The company remains highly liquid, maintaining a robust CET1 ratio [4] Company Strategy and Development Direction - The company is progressing well with a $1 billion share buyback and has made advancements on its simplification agenda by removing the regional matrix and mobilizing the group around "Fit For Growth" [4] Management Comments on Operating Environment and Future Outlook - The company is maintaining its 2024 guidance in line with previous presentations, indicating confidence in its operational strategy and market conditions [4] Other Important Information - The organizational structure has been changed to enhance efficiency and focus on growth [4] Q&A Session Summary Question: What are the expectations for future income growth? - The management highlighted a strong start to the year and maintained guidance, suggesting confidence in continued growth [4]