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StanChart raises outlook as quarterly profit beats forecasts
The Straits Times
|October 31, 2025
Standard Chartered Bank lifted its income and returns outlook as it reported third-quarter profit that beat analyst estimates, boosted by a record quarter for wealth solutions.
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Adjusted pretax profit rose to US$1.99 billion (S$2.6 billion), beating the US$1.79 billion consensus analysts’ estimate compiled by Bloomberg. The performance was largely a result of the bank’s wealth management unit and global banking.
“We now expect to deliver an underlying return on tangible equity of around 13 per cent in 2025, hitting our target a year earlier than planned,” chief executive Bill Winters said on Oct 30.
This story is from the October 31, 2025 edition of The Straits Times.
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