Goldman Sachs has released a research report maintaining its "Buy" rating for Standard Chartered (02888) and increasing the target price from HK$237 to HK$243. The bank's strong first-quarter performance, with profits exceeding market expectations by 25%, was primarily driven by robust non-interest income. Net interest income and the effective tax rate also slightly outperformed expectations. Goldman Sachs has raised its earnings per share forecast for Standard Chartered for 2026 by 5%, reflecting the better-than-expected Q1 results and lower assumptions for credit losses.
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