The company said its net income for Q2 2024 was $1.3 billion, up 3% from a year earlier, and for the first half was $2.7 billion, down 7%. Diluted EPS for Q2 was $.66, up 3%, and for the first half was $1.34, down 9%.

1. 01

   The company said its net income for Q2 2024 was $1.3 billion, up 3% from a year earlier, and for the first half was $2.7 billion, down 7%. Diluted EPS for Q2 was $.66, up 3%, and for the first half was $1.34, down 9%.

2. 02

   The company said net interest revenue for Q2 2024 was $2.2 billion, down 6% from a year earlier. It cited lower balances of interest-earning assets and higher interest rates paid on funding sources as the main factors. Asset management and administration fees were $1.4 billion, up 18%.

3. 03

   The company said total client assets were $9.41 trillion as of June 30, 2024. Core net new assets for Q2 were $61.2 billion, up 17% from a year earlier, bringing the year-to-date total to $156.8 billion.

4. 04

   The company said its consolidated Tier 1 Leverage Ratio was 9.4% as of June 30, 2024, and its adjusted Tier 1 Leverage Ratio, which includes AOCI, was 5.9% on a consolidated basis. In Q2, it updated its long-term operating objective for the adjusted ratio to 6.75% to 7.00%.

Key figures

Quarter ended June 30, 2024

Revenue

$4.7B

Net income

$1.3B

EPS

$0.66

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.