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9h agoStandard Chartered PLC Q3 profit up 3% as wealth management income jumps 27%
Standard Chartered reported third-quarter pre-tax profit of US$1.77 billion, up 3% from a year earlier and exceeding consensus estimates of US$1.52 billion. The Asia- and Africa-focused bank said income from wealth and global banking surged, with advisory and capital-markets fees rising 33% and wealth-management income up 27%. The bank now expects income growth for the year at the upper end of its 5-7% target and has indicated it will achieve a return on tangible equity of 13% in 2025—one year ahead of schedule. Shares rose ~1.3% in London trade.
positive
9h agoStandard Chartered PLC Q3 profit up 3% as wealth management income jumps 27%
Standard Chartered reported third-quarter pre-tax profit of US$1.77 billion, up 3% from a year earlier and exceeding consensus estimates of US$1.52 billion. The Asia- and Africa-focused bank said income from wealth and global banking surged, with advisory and capital-markets fees rising 33% and wealth-management income up 27%. The bank now expects income growth for the year at the upper end of its 5-7% target and has indicated it will achieve a return on tangible equity of 13% in 2025—one year ahead of schedule. Shares rose ~1.3% in London trade.
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Standard Chartered PLC Q3 profit up 3% as wealth management income jumps 27%
about 9 hours ago
1 min read
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Standard Chartered Q3 profit rises 3% thanks to strong growth in wealth-management and advisory businesses.
Standard Chartered reported third-quarter pre-tax profit of US$1.77 billion, up 3% from a year earlier and exceeding consensus estimates of US$1.52 billion. The Asia- and Africa-focused bank said income from wealth and global banking surged, with advisory and capital-markets fees rising 33% and wealth-management income up 27%. The bank now expects income growth for the year at the upper end of its 5-7% target and has indicated it will achieve a return on tangible equity of 13% in 2025—one year ahead of schedule. Shares rose ~1.3% in London trade.
Standard Chartered reported third-quarter pre-tax profit of US$1.77 billion, up 3% from a year earlier and exceeding consensus estimates of US$1.52 billion. The Asia- and Africa-focused bank said income from wealth and global banking surged, with advisory and capital-markets fees rising 33% and wealth-management income up 27%. The bank now expects income growth for the year at the upper end of its 5-7% target and has indicated it will achieve a return on tangible equity of 13% in 2025—one year ahead of schedule. Shares rose ~1.3% in London trade.
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Oct 31, 2025 • 14:34 IST