Standard Chartered PLC (StanChart) reported on Friday first-half pretax profit rose 20% and announced a new $1 billion share buyback, as rising rates and record financial markets business propelled margins at the emerging markets-focused lender.
FILE PHOTO-The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photoreported on Friday first-half pretax profit rose 20% and announced a new $1 billion share buyback, as rising rates and record financial markets business propelled margins at the emerging markets-focused lender.
StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of this year reached $3.32 billion. That compared with $2.77 billion a year earlier and the $3.18 billion average of 16 analyst estimates compiled by the bank.
The bank said income growth outpaced increases in costs, despite inflation pushing up the latter, driving a 3 percentage point improvement to its cost-income ratio to 61% for the first half. London-headquartered StanChart's transaction banking income shot up by 92% to $2.86 billion, with cash management income up 166%, benefiting from a favorable interest rate environment.
Its financial markets business delivered a record $2.8 billion in income in the first half, a 4% increase from an already strong period a year ago on the back of energy price swings.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Texas congressman advocates for federal workplace heat standard with hunger, thirst strikeCongressman Greg Casar protested with a nine-hour hunger and thirst strike on the steps of the U.S. Capitol Tuesday against Texas House Bill 2127, calling for a federal workplace heat standard.
続きを読む »
Amid Odesa Attacks, Russia Deploys Standard Lie of Excluding Civilian and Cultural TargetsRussia’s false claim of striking “terrorist infrastructure facilities” in Ukraine doesn’t hold up after its missiles hit UNESCO protected cathedral and other cultural sites.
続きを読む »
This Woman's 'Warning' About The Beginning Of 'Barbie' Is A Super Important DetailThis scene is setting the standard for how women should think and react going forward.
続きを読む »
Raising Kids In a Barbie WorldOn today’s show: Summer camp blues, bold fashion statements, and Barbie.
続きを読む »
Aston Martin Drives Revenue Higher on New Models, PricesAston Martin Lagonda Global Holdings Plc shares rose after revenue surged in the second quarter on higher prices for its luxury cars.
続きを読む »
Anglo American Latest Miner To Post Lower Profits And PayoutAnglo American Plc and Teck Resources Ltd. became the latest mining behemoths to post steep falls in profit as China’s economic slowdown dampens earnings.
続きを読む »