Standard Chartered Q3 profit beats expectations on wealth management strength By Investing.com
Update: 2025-10-30
Description
Standard Chartered's Q3 earnings surprise with a 10% year-on-year increase in underlying profit before tax, reaching nearly $2 billion. The bank's wealth management and global banking divisions drove this growth, offsetting a slight dip in net interest income due to lower lending returns. CEO Bill Winters now expects the bank to reach its target for underlying return on tangible equity around 13% in 2025, a year ahead of schedule. With most business coming from Asia and Africa, Standard Chartered's diversified model helped it navigate tough market conditions, and its strong performance sets it apart in the face of broader financial sector challenges.
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