StanChart third-quarter profit surges 27%, lifts income target

Standard Chartered reported pretax earnings of $2.25 billion for July to September, up 27% from the comparable quarter last year. Business Recorder said revenue gains in wealth management and global markets came alongside strong client activity during volatile trading conditions.

The result exceeded the $1.99 billion average forecast from 16 analysts and compared with $1.77 billion a year earlier. The bank also raised its 2026 full-year income growth goal to more than 7%, replacing its previous outlook of growth within a 5% to 7% range. Standard Chartered said Asia and Africa generate most of its revenue, while the quarter's stronger performance was supported by activity across its wealth and markets businesses.