The bank, which generates the vast majority of its earnings across Asia and Africa, saw its performance bolstered by a robust increase in business activity. This figure marks a significant improvement from the $4.38 billion recorded during the same period last year. By exceeding consensus expectations, the lender signals continued momentum in its core geographic markets despite broader global economic headwinds.
Business
SC
Korp&Co visual
Business
Standard Chartered Profit Climbs to $4.78 Billion
Today, 07:23 332 0
Standard Chartered reported a 9% rise in first-half pretax profit, reaching $4.78 billion as the emerging markets-focused lender capitalized on surging revenue across its wealth management, global banking, and financial markets divisions. The result comfortably outpaced the $4.52 billion average estimate projected by analysts.
Comments (0)
No comments yet. Be the first!