{"id":93122,"date":"2026-07-29T16:30:18","date_gmt":"2026-07-29T16:30:18","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/93122\/"},"modified":"2026-07-29T16:30:18","modified_gmt":"2026-07-29T16:30:18","slug":"standard-chartered-rises-as-profit-beats-and-guidance-improves","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/93122\/","title":{"rendered":"Standard Chartered rises as profit beats and guidance improves"},"content":{"rendered":"

\"Standard<\/a> Standard Chartered rises as profit beats and guidance improves Proactive uses images sourced from Shutterstock <\/p>\n

Standard Chartered PLC (LSE:STAN)<\/a> shares rose 2.9% to 2,158p after second-quarter profit beat forecasts and the Asia-focused bank upgraded its full-year revenue guidance and unveiled a\u00a0$1 billion buyback. <\/p>\n

Chief executive Bill Winters\u00a0said the\u00a0performance “demonstrates the strength of our differentiated international network and the disciplined execution of our strategy” <\/p>\n

He said the upgraded income guidance and new share buyback “reflect our confidence in the business”. <\/p>\n

Pre-tax profit of $2.33 billion was 13% ahead of consensus, according to Shore Capital, while earnings per share of 77.4 cents beat expectations by 17%. <\/p>\n

Operating income of $5.70 billion was 3% ahead, helped by net interest income of $2.87 billion and a 5% beat from non-interest income. Costs were 2% lower than forecast and credit impairments of $150 million were 37% below consensus. <\/p>\n

Wealth Solutions led the performance, with income up 43% to $1.06 billion \u2013 16% ahead of expectations. Jefferies highlighted that 60% of net new money went into investment products, compared with 20% a year earlier. <\/p>\n

Standard Chartered raised its forecast for 2026 income growth to the midpoint of its 5%-7% range and now expects net interest income to rise by a low-single-digit percentage. It also announced a further $1 billion share buyback. <\/p>\n

Jefferies described the bank’s cost discipline as “striking” and said the results showed “notable strength” in the mix of Wealth income. <\/p>\n

However, Shore Capital retained its ‘sell’ recommendation, saying said consensus forecasts already reflected the upgraded guidance, limiting the potential for earnings upgrades. <\/p>\n

With the shares trading well above Shore Capital’s 1,725p target, the broker warned that a “full valuation” could restrict further gains despite the strong results. <\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered rises as profit beats and guidance improves Proactive uses images sourced from Shutterstock Standard Chartered PLC…\n","protected":false},"author":2,"featured_media":93123,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[21325,21526,12859,22912,39778,5103,20677],"class_list":["post-93122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-buyback","tag-consensus-forecasts","tag-net-interest-income","tag-operating-income","tag-revenue-guidance","tag-shore-capital","tag-standard-chartered"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117004220674205521","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/93122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=93122"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/93122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/93123"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=93122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=93122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=93122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}