US EditionStandard Chartered first-quarter profits beat expectations on strong growth in wealth management
- Standard Chartered, an Asia-focused bank, reported first-quarter 2025 pre-tax profits rising 10% to 2.1 billion US dollars, beating estimates.
- The profit increase followed strong growth in wealth management and financial markets amid ongoing global economic and geopolitical uncertainty caused by US tariffs.
- The bank’s wealth income grew 28% year-on-year, supported by international flows, while shares recovered after tariff-related declines and cost-cutting efforts continued.
- Group Chief Executive Bill Winters acknowledged that recent trade tariffs have added layers of economic and geopolitical challenges worldwide, yet he expressed optimism about enhancing returns by supporting clients’ cross-border business and wealth management during uncertain times.
- Standard Chartered maintained financial targets and plans to return at least 8 billion US dollars to shareholders between 2024 and 2026 despite market volatility.
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Total News Sources17
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
13%
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