Standard Chartered lifts quarterly profit 27% and raises income growth target
According to Reuters, Standard Chartered's third-quarter pretax profit rose 27% on strong client activity. The bank also raised its 2026 income growth target to above 7%.
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what happened
According to Reuters, Standard Chartered said on Wednesday that its third-quarter pretax profit climbed 27%. Strong client activity in volatile markets helped, with revenue from its wealth and global markets divisions rising.
The bank now expects full-year 2026 income growth above 7%, up from an earlier estimate in the middle of a 5-7% range. Pretax profit for July to September reached $2.25 billion, compared with $1.77 billion a year earlier and a $1.99 billion average from 16 analyst estimates compiled by the bank.
why it matters
Most of the bank's revenue comes from Asia and Africa, so the results matter for regional bank valuations. Beating the consensus and raising the target point to resilient income despite choppy markets.
market impact
Standard Chartered shares: strong results and a higher outlook support the stock.
- Standard Chartered shares pressure up — profit above forecasts and a raised income outlook support investor interest
tags
instruments
sources
- StanChart third-quarter profit surges 27%, lifts income target — Reuters, 28 October 2026 at 04:09 UTC
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