Market Flux Event
Standard Chartered Q3 Pretax Profit Surges 27% to $2.25 Billion as Bank Lifts Full-Year Income Guidance
Read this in the Market Flux appStandard Chartered posted a 27% jump in third-quarter pretax profit to $2.25 billion, beating analyst expectations and prompting the bank to raise its full-year 2026 income growth target. Revenue for the quarter came in at $5.78 billion, topping consensus estimates by roughly $70 million, and GAAP earnings per share reached $0.67 against a market expectation of $0.47.
The strong result was driven by vigorous client activity in volatile markets, with particular strength in the Wealth Solutions and Global Markets divisions. Trading income and wealth management fees both contributed to the outperformance across the bank's major business lines.
On the back of the quarter, Standard Chartered raised its 2026 operating income growth target to above 7%, upgrading from a prior range of 5% to 7%, measured at constant currency and excluding notable items. Shares gained following the announcement, reflecting investor confidence in the upgraded guidance.
© AI-generated summary is provided by Market Flux
Sources
- PiQMarketsStanChart profit jumps 27% in Q3, lifts 2026 income target Standard Chartered's third-quarter pretax profit surged 27% to $2.25 billion, driven by strong client activity in volatile markets. The bank also raised its full-year income growth target for 2026 to above 7%.
- WsjStandard Chartered Quarterly Net Profit Jumps, Raises Income Guidance
- NasdaqStandard Chartered Q3 Results Climb, Lifts FY26 Outlook; Stock Gains
- Seeking AlphaStandard Chartered GAAP EPS of $0.67, revenue of $5.78B beats by $70M; updates FY2026 outlook
- BusinessStandard Chartered posted profit that beat analyst estimates in the third quarter and raised its outlook for income growth and returns.