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Standard Chartered chair bemoans share price but rules out ditching primary London listing

Standard Chartered chair bemoans share price but rules out ditching primary London listing
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

Standard Chartered profit beats forecasts as income boost outweighs credit losses

Standard Chartered profit beats forecasts as income boost outweighs credit losses
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Standard Chartered Q1 Profit Rises 5 5%, Beats Estimates

Standard Chartered Q1 Profit Rises 5 5%, Beats Estimates
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Standard Chartered beats profit estimates as higher interest rates boost income

Bank saw a 6% increase in reported pre-tax profit of $1.9billion in the first quarter, compared with $1.81billion the previous year and beating analyst estimates of $1.4billion.

Standard Chartered Q1 profit rises 5 5%, beats estimates

HONG KONG/LONDON (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a surge in credit losses. The bank, which makes the bulk of its revenue and profits in Asia, saw profit at its investment banking unit climb 13% in the quarter. Crucially, the bank grew fee-based revenues from markets and wealth management in particular, a key target for it and rivals as interest rates worldwide peak and cap the boost they have recently received from lending-based income.

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