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Standard Chartered's Q3 Pre-Tax Profit Rises 29% Year-on-Year to $2.3 Billion
36Kr1 min read
36Kr learned from a Hong Kong Stock Exchange announcement by Standard Chartered that the bank posted third-quarter operating income of $5.8 billion, up 14% year-on-year; pre-tax profit reached $2.3 billion, up 29% year-on-year; and return on tangible equity (RoTE) was 15.7%, up 520 basis points. Income from wealth management solutions rose 26% year-on-year, and global markets income grew 21%. Standard Chartered raised its full-year operating income growth guidance to above the original range of 5% to 7%, and expects full-year RoTE of about 14%.
Read the full article at 36Kr