StanChart full-year profit rises 16%, misses estimates

Reuters

02/24

HONG KONG, Feb 24 (Reuters) - Standard Chartered STAN.L reported on Tuesday that full-year pretax profit climbed 16%, as robust global banking and strong wealth inflows boosted revenue at the emerging markets-focused lender.

StanChart, which earns most of its revenue in Asia and Africa, reported pretax profit for the full year of $6.96 billion. That compared with $6 billion a year earlier and the $7.2 billion average of 16 analyst estimates compiled by the bank.

(Reporting by Selena Li in Hong Kong and Lawrence White in London; Editing by Edwina Gibbs)

((Selena.Li@thomsonreuters.com; +852 39525868;))

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