Standard Chartered (2888 HK) Q2 (USD) pre-tax profit 2.33bln (exp. 2.08bln), announces USD 1bln share buyback
Standard Chartered's Q2 profit beat and $1bn buyback signal a strong recovery and successful execution of efficiency programs, shifting focus toward long-term headcount reduction and 18% RoTE targets.
News detail
H1 2026 (USD): Operating income 11.6bln (prev. 10.9bln Y/Y) NII 5.7bln (prev. 5.5bln Y/Y) Non-interest income 5.9bln (prev. 5.5bln Y/Y) Operating expenses 6.3bln (prev. 6.2bln Y/Y) Credit impairment 446mln (prev. n/a Y/Y) PBT 4.8bln (prev. 4.4bln Y/Y) EPS 151.6c (prev. 129.6c Y/Y) RoTE 17.6% (prev. 16.4% Y/Y, +120bps) FY26 operating income growth guided around the middle of the 5-7% range, expenses ex-notables around 13.3bln, RoTE >12% USD1bln share buyback announced
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.