Standard Chartered Q3 Pretax Profit Rises 27%, Guidance Lifted
Pretax profit rose 27% year over year to $2.25 billion in the three months to September, beating analysts’ expectations of $1.99 billion. Operating income grew 14% to $5.8 billion.
Story updates
08:02:08 AM UTC
SquawkNews
Standard Chartered PLC announced strong financial results for the third quarter of 2026, with operating income rising 14% to $5.8 billion and profit before tax increasing 29% to $2.3 billion. The bank's Return on Tangible Equity (RoTE) reached 15.7%, prompting management to raise its 2026 income guidance and target an RoTE of approximately 14% for the full year. Performance was driven by growth in Wealth Solutions and Global Markets, alongside a 55% increase in earnings per share to 68.9 cents. Credit impairment costs were halved to $90 million compared to the previous year. The group maintained a strong capital position with a Common Equity Tier 1 ratio of 13.8%.
In the three months to September end, pre-tax profit rose 27% on the same period a year earlier to $2.25bn, beating analysts’ expectations of $1.99bn. Operating income grew 14% $5.8bn, driven by a third successive record quarter in Wealth Solutions, along with strong growth in Global Markets and Gl…