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2025-05-02 04:24:06

Layer3.news on Nostr: South China Morning Post STANDARD CHARTERED’S FIRST-QUARTER PROFIT RISES 13%, BEATS ...


STANDARD CHARTERED’S FIRST-QUARTER PROFIT RISES 13%, BEATS FORECASTS ON WEALTH GROWTH


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✍️ Standard Chartered's first-quarter profit exceeded expectations, driven by a focus on wealth management and double-digit income growth in certain business segments.
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👉 Net profit rose 13% to US$1.59 billion
👉 Pre-tax underlying profit increased 7% to US$2.28 billion
👉 Double-digit income growth in wealth solutions, global markets, and global banking
👉 CEO Bill Winters attributed the success to the bank's ability to help clients manage their business and wealth across borders

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#BillWinters #HongKong #business
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Standard Chartered first-quarter profit beats expectations, as bank puts more focus on wealth management business.
https://www.scmp.com/business/banking-finance/article/3308786/standard-chartereds-first-quarter-profit-rises-13-beats-forecasts-wealth-growth?utm_source=rss_feed

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