Standard Chartered Q3 profit rises 16%, beating forecasts
[HONG KONG] Standard Chartered reported third quarter profit rose a better-than-expected 16 per cent on Wednesday, as a surge in business from corporate clients helped it weather unrest in its core market of Hong Kong and global trade tensions.
StanChart's pretax profit for the three months ended Sept 30 increased to US$1.24 billion from US$1.07 billion in the same period a year ago, above the US$1 billion average of analysts' forecasts compiled by the bank.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover