Standard Chartered's stock price in London is 0.7% lower than the closing price in Hong Kong

AASTOCKS
2025.05.06 01:02

Standard Chartered Group (02888.HK) closed at 1,096.5 pence in London on Monday (5th), equivalent to HKD 112.78, down 0.7% from the HKD 113.6 closing price last Friday (2nd).

Standard Chartered announced its first-quarter results at noon last Friday, reporting a 7% year-on-year increase in basic pre-tax profit to USD 2.277 billion. The reported basis pre-tax profit rose 10% to USD 2.103 billion, with basic earnings per share for the first quarter at 62.7 US cents and reported earnings per share at 56.6 US cents. On a constant currency basis, operating income increased by 7% to USD 5.4 billion; net interest income rose by 7% to USD 2.8 billion; and non-net interest income increased by 7% to USD 2.6 billion. Operating expenses rose by 5% to USD 2.9 billion. Credit impairment charges increased by 24% to USD 219 million, including USD 179 million from wealth management and retail banking, as well as other significant expenses mainly from individual unsecured loan portfolios affected by rising interest rates.

Standard Chartered maintains its guidance for 2025 to 2026, including the reclassification of deposit insurance. On a constant currency basis, operating income is expected to grow at a compound annual growth rate of 5% to 7% from 2023 to 2026; excluding significant items, the growth expectation for 2025 will be below the range of 5% to 7%; operating expenses for 2026 will be below HKD 12.3 billion

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