StanChart Lifts 2026 Targets After Profit Beat

Standard Chartered raised its full-year income and profitability targets after reporting a twenty-seven percent surge in third-quarter profit. Robust growth in its wealth and global markets divisions drove the results, sending shares higher.

Xurve View
Insights:
FILE PHOTO: The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022.  REUTERS/Peter Nicholls/File Photo

STANDARD CHARTERED PLC raised its full-year income growth target to above 7% on Wednesday morning after reporting a 27% surge in third-quarter pretax profit to $2.25B.