{
  "id": 16848607,
  "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-16848607",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T04:16:23.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/stanchart-lifts-full-year-targets-after-quarterly-profit-jump-trounces-forecasts-6498871"
  },
  "original_language": "en",
  "account": "Standard Chartered (StanChart) announced on Wednesday that its third-quarter pretax profit surged 27%, surpassing market forecasts. The bank credited strong client activity in a volatile market for the increase in revenue from its wealth and global markets divisions. In response to the impressive performance, StanChart raised its full-year income growth target for 2026 to above 7% from an initial estimate of 5-7%. Additionally, the bank boosted its return on tangible equity target, a crucial performance metric, to above 14% from its previous forecast of exceeding 12%. StanChart's primary revenue streams come from Asia and Africa, with the company reporting a pretax profit of $2.25 billion for the July-September quarter. This figure marks a significant jump from $1.77 billion in the same period last year and exceeds the average $1.99 billion expected by 16 analysts, as per the bank's assessment. The wealth division led the charge, delivering a record third consecutive quarter of growth, with income up 26%, driven by sustained momentum across all products and regions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "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",
        "published": "2026-10-28T04:30:26.000Z"
      },
      {
        "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."
}