…Launches $1bn buyback
Standard Chartered posted a record operating income of $11.6 billion for the six months ended June 30, while profit before tax rose nine percent to $4.8 billion, powered by strong growth in its wealth management and global banking businesses.
The lender announced a $1 billion share buyback and upgraded its earnings outlook for the year.
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Earnings per share increased 17 percent, reflecting continued growth across its international markets and reinforcing confidence in its strategy of connecting clients across Asia, Africa and the Middle East.
The strong results prompted the bank to raise its 2026 income guidance. Standard Chartered now expects operating income growth to be around the middle of its five percent to seven percent target range at constant currency, a sign that demand for cross-border banking services remains resilient despite global economic uncertainty.
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