Standard Chartered's Hong Kong-listed shares surged 5.07% during intraday trading on Thursday, following the release of its first-quarter financial results for 2026.
The bank reported record operating income of $5.9 billion, a 9% year-on-year increase that surpassed market expectations. Profit before tax jumped 17% to $2.45 billion, significantly beating analyst estimates, driven by robust performances in its Wealth Solutions and Global Banking divisions. Earnings per share rose 31% to 74 cents, benefiting from improved profitability and share buybacks.
Despite booking a $190 million precautionary charge related to Middle East conflict uncertainties, the strong results across key business segments and reaffirmed full-year guidance provided investors with confidence, leading to the significant share price appreciation.
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