Standard Chartered 3Q Pretax Profits Rose 3%, Beating Estimates
Standard Chartered (StanChart) reported on Thursday a 3 per cent rise in third-quarter pretax profit, beating analyst estimates, as strong wealth, global banking and markets businesses boosted revenue at the emerging markets-focused lender.
StanChart, which earns most of its revenue in Asia and Africa, reported pretax profit for the third quarter of $1.77 billion. That compared with $1.72 billion a year earlier and the $1.52 billion average of 14 analyst estimates compiled by the bank.
Reuters
