Standard Chartered Q3 Profit Edges Up 3% and Raises Full-Year Outlook
Standard Chartered (StanChart) posted a 3% rise in pretax profit for the third quarter to $1.77 billion, beating analyst estimates of around $1.52 billion. The increase came despite challenging market conditions, supported by strong growth in wealth management, global banking and advisory fees. Wealth income alone surged 27%, and non-interest income rose 12% to $2.4…