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Standard Chartered profit beats forecasts as income boost outweighs credit losses

Standard Chartered profit beats forecasts as income boost outweighs credit losses
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

Hong Kong , South Korea , City Of , United Kingdom , Simon Cooper , Noel Quinn , Joe Dickerson , China Bohai Bank , Bohai Bank , Bill Winters ,

Standard Chartered Q1 Profit Rises 5.5%, Beats Estimates

Standard Chartered Q1 Profit Rises 5.5%, Beats Estimates
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United Kingdom , City Of , Selena Li , Sumeet Chatterjee , Lawrence White , Muralikumar Anantharaman , Bohai Bank , Standard Chartered , China Bohai Bank , Chart Chief Executive Bill Winters ,

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. ....

United Kingdom , City Of , Hong Kong , South Korea , China Bohai Bank , Standard Chartered ,

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. ....

Sumeet Chatterjee , Lawrence White , Muralikumar Anantharaman , Selena Li , China Bohai Bank , Bohai Bank , Standard Chartered , Chart Chief Executive Bill Winters , Bill Winters , Investment Banking , Hong Kong ,