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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Standard Chartered Plc | LSE:STAN | London | Ordinary Share | GB0004082847 | ORD USD0.50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.13% | 755.00 | 751.00 | 751.20 | 767.00 | 748.00 | 756.00 | 9,254,104 | 16:35:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 18.02B | 3.47B | 1.2403 | 6.06 | 21.01B |
From May 2019 to May 2024
By Yifan Wang
Standard Chartered PLC's (2888.HK) third-quarter pretax profit rose 16% on year as income faster than costs.
The bank's pretax underlying profit was $1.24 billion in constant currency terms, compared with $1.07 billion over the same period last year, the lender said in a stock exchange filing on Wednesday.
Net interest income rose 8.9% on year to $2.39 billion while operating income was up 6.8% at $3.98 billion, the bank said.
Its net interest margin in the third quarter was 1.56%, down from 1.62% in the previous quarter.
Third-quarter operating expenses were slightly lower at $2.50 billion from $2.51 billion a year earlier. The lender's credit impairment stood at $279 million, up from $115 million a year earlier.
"There are growing headwinds from the combination of continuing geopolitical tensions and expectations of declining near-term global growth and interest rates," the bank said.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
October 30, 2019 01:07 ET (05:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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