This surge in earnings, totaling $2.25 billion, marks a substantial improvement from the previous quarter's $1.77 billion and the average estimate of $1.99 billion across 16 analysts. The company's wealth and global markets divisions have experienced robust client activity, particularly in volatile market conditions, which has led to higher revenue for these divisions. Furthermore, Standard Chartered has revised its full-year income growth target for 2026 to above 7%, moving away from its earlier projection of bei…
Key points
This surge in earnings, totaling $2.25 billion, marks a substantial improvement from the…: This surge in earnings, totaling $2.25 billion, marks a substantial improvement from the previous quarter's $1.77 billion and the average estimate of $1.99 billion across 16 analysts.
The company's wealth and global markets divisions have experienced robust client activity…: The company's wealth and global markets divisions have experienced robust client activity, particularly in volatile market conditions, which has led to higher revenue for these divisions.
Furthermore, Standard Chartered has revised its full-year income growth target for 2026 t…: Furthermore, Standard Chartered has revised its full-year income growth target for 2026 to above 7%, moving away from its earlier projection of being in the middle of a 5-7% range.
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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 also lifted its full-year income growth target for 2026 to above 7 per cent from its earlier estimate of in the middle of a 5-7 per cent range.
StanChart, which earns most of its revenue in Asia and Africa, said pretax profit for the July-September quarter reached $2.25 billion.
That compares with $1.77 billion in the same period a year earlier and the $1.99 billion average of 16 analyst estimates compiled by the bank.
Traders across regional bourses held positions unchanged while preparing for policy signals from continental monetary authorities. Concurrently, international attention is focused on an imminent reading measuring consumer inflation pressures from across the Atlantic. These dual macroeconomic milestones are steering current investor sentiment and dictate risk appetite.
Leading financial platforms are tapping into intense domestic demand for global exposure as the gap between American and Indian market returns widens. Local retail participants are turning toward foreign exchanges to seek artificial intelligence tech leaders and shelter wealth against a sliding rupee. However, this accelerating capital flight risks straining the domestic currency and triggering tighter scrutiny from financial watchdogs.
German equities are testing key technical boundaries as trading momentum pushes valuations toward significant price barriers. Market participants are monitoring whether current buying pressure can sustain a breakout beyond this threshold or prompt a pause. The movement indicates strong technical focus as the index challenges these upper limits.