LONDON -
The bank had previously vowed to return at least US$5 billion by 2026.
StanChart, which earns most of its revenue in Asia, said pre-tax profit for the third quarter of 2024 reached US$1.72 billion, above the US$1.49 billion average of 17 analyst estimates compiled by the bank.
The profit compared with US$633 million a year earlier, when StanChart took a nearly US$1 billion combined hit from its exposure to China's real estate and banking sectors.
Rival HSBC reported a 10 per cent quarterly year-on-year profit increase on Oct 29, sending its shares to a high of at least six years as investors turned bullish on its outlook.
Bu hikaye The Straits Times dergisinin October 31, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin October 31, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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