🚨StanChart Smashes Estimates with 26% #Profit Surge, Launches $1.3B Buyback
🔹Standard Chartered reported $4.38B in H1 pretax profit, up 26% YoY, beating analyst forecasts of $3.83B. Strong performance in wealth, markets, and global banking drove gains for the Asia- and Africa-focused lender.
🔹The bank also announced a $1.3B share buyback, beginning immediately, signaling strong capital confidence. This marks a major win for the London-based bank amid a volatile global backdrop.