StanChart Lifts Full-Year Targets After Quarterly Profit Jump Trounces Forecasts
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7 Articles
StanChart third-quarter profit surges 27%, lifts income target
Channel News Asia
PressNewsAgencyStanChart lifts full-year targets after quarterly profit jump trounces forecasts
HONG KONG/LONDON, Oct 28 : Standard Chartered (StanChart) said on Wednesday that third-quarter pretax profit jumped 27 per cent, as strong client activity amid volatile markets increased revenue for its wealth and global markets divisions.It lifted its full-year income growth target for 2026 to above 7 per ce
Standard Chartered increased its quarterly net profit by 46% and exceeded analysts’ forecast. According to the report cited by South China Morning Post, asset management and cross-border commercial loans contributed to the result, while provisions related to the real estate sector and geopolitical tensions weighed on the quarter.
[Cable News] Standard Chartered's profit rose 27% last quarter and it raised its full-year revenue guidance. Pre-tax profit was US$2.25 billion, net interest income increased by approximately 8% year-on-year, and non-net interest...
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