BRIEF-Standard Chartered Posts Qtrly Operating Income Of $5.1 Bln

Reuters
Oct 30
BRIEF-Standard Chartered Posts Qtrly Operating Income Of $5.1 Bln

Oct 30 (Reuters) - Standard Chartered PLC 2888.HK:

  • QTRLY OPERATING INCOME OF $5.1BN

  • ROTE NOW EXPECTED TO BE AROUND 13% IN 2025 AND TO PROGRESS THEREAFTER

  • CONTINUE TO OPERATE DYNAMICALLY WITHIN FULL 13-14% CET1 RATIO TARGET RANGE

  • EXPECT TO DELIVER UNDERLYING RETURN ON TANGIBLE EQUITY OF AROUND 13% IN 2025

  • PLAN TO RETURN AT LEAST $8BN TO SHAREHOLDERS CUMULATIVE 2024 TO 2026

  • STANDARD CHARTERED PLC SEES OPERATING INCOME TO INCREASE 5-7% CAGR IN 2023-2026 AT CCY

  • 2025 INCOME GROWTH NOW EXPECTED TO BE TOWARDS THE UPPER END OF THE 5-7% RANGE AT CCY

Further company coverage: 2888.HK

((Reuters.Briefs@thomsonreuters.com;))

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