Standard Chartered PLC (LSE:STAN) shares rose 2.9% to 2,158p after second-quarter profit beat forecasts and the Asia-focused bank upgraded its full-year revenue guidance. Pre-tax profit of $2.33 billion was 13% ahead of consensus, according to Shore Capital, while earnings per share of 77.4 cents beat expectations by 17%.
The London-based bank said Wednesday that net profit was $1.71 billion for the three months ended June.
Standard Chartered (StanChart) reported on Wednesday first-half pretax profit rose 9%, bolstered by growing wealth, markets and global banking revenue at the emerging markets-focused lender.
NEW YORK--(BUSINESS WIRE)--Standard Chartered US (the “Bank”) is proud to announce that it has been named a 2026 honoree of The Civic 50® by Points of Light for the fourth consecutive year. Points of Light is the world's leading organization dedicated to increasing volunteer service. Now in its 14th year, The Civic 50® is the nation's leading corporate social impact recognition program, celebra...
Standard Chartered PLC (LSE:STAN) was the best-performing FTSE 350 banking share on Tuesday after being upgraded to 'buy' by Deutsche Bank, which said the lender is better placed than peers to benefit from the rapid expansion of Asian wealth management. Analyst Robert Noble raised his target price on Stan Chart to 2,400p from 1,900p, saying he expects the bank's wealth business to help drive 19...
Standard Chartered said on Tuesday it is exploring the sale of its wealth and retail banking business in Bahrain, as the London-headquartered lender continues to focus its businesses and client segments where it has the greatest scale.
Standard Chartered said on Monday it favours Asia ex-Japan equities, particularly Taiwan and China, as strong earnings prospects, AI-driven investment and easing oil-supply concerns support the region.