Standard Chartered (02888) shares rose nearly 3%, up 2.67% as of press time to HK$223, with turnover of HK$192 million.
On the news front, Standard Chartered recently released its third-quarter 2026 results. On a reported basis, operating income rose 14% to US$5.8 billion; net interest income increased 9% to US$3 billion, driven by higher transaction volumes and optimization of the balance sheet mix; profit before tax was US$2.3 billion, up 29%.
JPMorgan noted in its latest research report that Standard Chartered's third-quarter results significantly beat expectations, with strong core profit growth and lower impairments. Revenue, pre-provision operating profit, and profit before tax came in 4%, 7%, and 13% above market expectations, respectively, with comprehensive strength across all business lines. The bank pointed out that net interest income was 2% above market expectations, up 8% year-on-year and 3% quarter-on-quarter, benefiting from business volume growth and broadly stable net interest margin on a quarterly basis. The group raised its FY2026 net interest income growth guidance to about 4%, above market expectations of about 3%.
Comments