Standard Chartered Beats Net Profit Expectations and Raises Guidance
Standard Chartered raised its annual income and profitability forecasts after quarterly profit growth beat expectations, supported by transaction services, markets and wealth offerings. Its shares rose sharply.
By Kosaku NariokaStandard Chartered boosted its annual income and profitability forecasts as quarterly profit growth beat expectations on the strength of its transaction services, markets and wealth offerings, sending shares up sharply.The London-based bank said Wednesday that pretax profit from it…