By Kosaku Narioka
Standard Chartered is scheduled to report its second-quarter results on Thursday. Here's what you need to know:
NET PROFIT FORECAST: The London-based bank's net profit is expected to have increased 31% from a year earlier to $1.24 billion for the three months ended June 30, according to a poll of analysts by Visible Alpha. That would compare with a net profit of $946 million in the year-earlier period.
The stock in Hong Kong has risen 48% year to date through Tuesday, driven by easing fears about deterioration in U.S.-China trade relations as well as by share buybacks. The gain follows a 46% gain in 2024.
WHAT TO WATCH:
--First-quarter net interest income--the difference between interest paid on deposits and that earned on loans--edged up 0.6% to $1.58 billion. Investors will be focusing on the key source of earnings as central banks cut rates in many of its main markets.
--The bank booked a $217 million credit impairment in the first quarter, compared with $165 million in the year-earlier period. Investors will be closely watching credit costs as economic uncertainty persists in many parts of the world.
--Standard Chartered announced a $1.5 billion share buyback in February and reiterated in May that it plans to return at least $8 billion to shareholders over the three years ending in 2026. Investors will be paying attention to any updates on buybacks and dividends.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
July 29, 2025 22:21 ET (02:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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