Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Standard Chartered beats forecast as wealth business...
Business & Finance

Standard Chartered beats forecast as wealth business powers third-quarter profit

Standard Chartered beats forecast as wealth business powers third-quarter profit
South China Morning Post Wednesday 28 October 2026, 04:28 UTC By Yulu Ao 1 min read
Key Points

Standard Chartered’s third-quarter net profit rose 46 per cent as strong growth in cross-border trade loans and wealth management buffered one of Hong Kong’s three note-issuing banks from provisions linked to geopolitical tensions. Net profit increased to US$1.5 billion, or 68.9 US cents per share, in the quarter that ended on September 30, compared with US$1.03 billion a year earlier, the London-based bank said in a filing to the Hong Kong stock exchange on Wednesday. The result beat...

Standard Chartered’s third-quarter net profit rose 46 per cent as strong growth in cross-border trade loans and wealth management buffered one of Hong Kong’s three note-issuing banks from provisions linked to geopolitical tensions. Net profit increased to US$1.5 billion, or 68.9 US cents per share, in the quarter that ended on September 30, compared with US$1.03 billion a year earlier, the London-based bank said in a filing to the Hong Kong stock exchange on Wednesday. The result beat analysts’...
Standard Chartered (ORG) Standard Chartered’s (ORG) Hong Kong’s (LOCATION) London (LOCATION) Hong Kong (LOCATION)
Originally published by South China Morning Post Read original →

Related Stories

Copper Wavers Near Two-Week High as Traders Look to Fed Meeting

Copper traded near its highest close in two weeks as traders braced for the Federal Reserve’s decision on interest rates.

Bloomberg Markets 17m ago

Japan Retail Traders Shrug Off GMO Hack, Says Central Tanshi FX

Japan’s retail foreign-exchange market has largely shrugged off the cyberattack on GMO Internet Group Inc., with trading volumes holding up even if some investors are closing accounts, according to Central Tanshi FX’s Takayuki Tominaga.

Bloomberg Markets 24m ago

Chalmers lowers hopes for fuel discounts after high inflation result

In short: Jim Chalmers says the government's budget is not the main driver of inflation, but acknowledges today's figures are still "too high". The treasurer has downplayed the likelihood of further fuel tax discounts, citing budget pressures. The Reserve Bank is considered likely to hike interest rates when its monetary policy board meets on Tuesday.

ABC Australia 31m ago

Your Portfolio Reset: How Investors Should Think About The Next Decade

The forces that powered the last 10 years are shifting. Here’s how to prepare for what comes next. 

Bloomberg Markets 43m ago