{
  "id": 16846410,
  "title": "StanChart lifts full-year targets after quarterly profit jump trounces forecasts",
  "url": "https://urgent.news/2026/10/28/stanchart-lifts-full-year-targets-after-quarterly-profit-jump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T04:30:26.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/stanchart-thirdquarter-profit-surges-27-lifts-income-target-4977451"
  },
  "original_language": "en",
  "account": "Standard Chartered (StanChart) has announced that its third-quarter pretax profit has surged by 27%, exceeding market forecasts. The bank attributes this growth to robust client activity in a turbulent market environment, which has boosted revenue for its wealth and global markets divisions. As a result, StanChart has raised its full-year income growth target for 2026 to above 7%, surpassing its previous estimate of 5-7%. Additionally, the bank has increased its return on tangible equity target to above 14%, up from its earlier forecast of exceeding 12%. StanChart, which primarily generates revenue in Asia and Africa, reported a pretax profit of $2.25 billion for the July-September quarter, surpassing the $1.77 billion earned in the comparable period last year and the $1.99 billion average of 16 analyst estimates. The wealth division delivered a record third quarter, with income up 26%, driven by strong performance across products and regions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "StanChart third-quarter profit surges 27%, lifts income target",
        "url": "https://urgent.news/2026/10/28/stanchart-third-quarter-profit-surges-27-lifts-income-target",
        "published": "2026-10-28T04:16:23.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "StanChart third-quarter profit surges 27%, lifts income target",
        "url": "https://urgent.news/2026/10/28/stanchart-third-quarter-profit-surges-27-lifts-income-target-16853687",
        "published": "2026-10-28T05:03:48.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "StanChart lifts full-year targets after quarterly profit trounces forecasts",
        "url": "https://urgent.news/2026/10/28/stanchart-lifts-full-year-targets-after-quarterly-profit-trounces-16857168",
        "published": "2026-10-28T06:16:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}