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.
Sources checked by our analysis pipeline: 1
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.
Investors are actively driving up shares of the footwear maker during today's market session. The sudden rally reflects heightened market activity surrounding the consumer brand. Market participants are monitoring the movement as trading continues.
Investors observed a sharp downward movement in the cybersecurity firm's equity during the current trading session. Market participants are left without an immediate explanation for the sudden drop. The lack of detailed information leaves the catalyst behind the rapid price decrease unconfirmed.
Regulators are clamping down on motorists who bypass standard credit limits by falsely categorizing their personal vehicles for commercial ride-hailing purposes. By subjecting these buyers to identical borrowing caps as private car owners, the government seeks to curb an artificial surge in registrations. The targeted intervention maintains current operating frameworks for fleets while preserving fare affordability for the broader commuting public.