Standard Chartered PLC (SCBFY)
- Yahoo Finance UK
Trending tickers: Shell, Apple, Novo Nordisk and Standard Chartered
The latest investor updates on stocks that are trending on Thursday.
- Bloomberg
StanChart’s Profit Tops Estimates After Trading Windfall
(Bloomberg) -- Standard Chartered Plc posted first-quarter earnings that topped estimates after its traders collected a windfall from tumultuous credit and commodities markets. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV Mark
- Reuters
UPDATE 4-StanChart profit beats forecasts as fee income boost offsets credit losses
Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and wealth businesses more than compensated for additional 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. StanChart's shares, a focus for CEO Bill Winters, jumped more than 6% in London by 0720 GMT, matching earlier gains in Hong Kong.
