Standard Chartered reports 16 percent profit growth as CEO Bill Winters plans to stay
Standard Chartered posted a 16 percent profit rise and a 1.5 billion dollar buyback. CEO Bill Winters confirmed he will stay to lead the next strategy phase.
Insights:
Standard Chartered PLC reported a 16% rise in full-year pretax profit on February 24, 2026, as the bank moves to significantly enhance investor returns. The institution announced a $1.5 billion share buyback and a 65% increase in its full-year dividend, signaling a major shift in its capital allocation policy. These results were accompanied by an updated profitability target, with the bank now aiming for a return on tangible equity of greater than 12% in 2026.
