"Big Banks" UBS: Standard Chartered's last quarter performance was strong, driven by trading services, wealth management, and global banking operations

AASTOCKS
2025.10.30 08:06

UBS report indicates that Standard Chartered (02888.HK) adjusted pre-tax profit for the third quarter of 2025 is 15% higher than market consensus, with net interest income exceeding expectations by 2% and core non-interest income up by 5%, driving total revenue growth of 4%. Additionally, cost control is 1% better than expected, resulting in pre-provision profit being 10% higher than anticipated. Impairment losses are 23% lower than market consensus, which includes moderate provisions for Hong Kong commercial real estate. The common equity tier 1 capital ratio is 14.2%, exceeding market expectations by 10 basis points, down 20 basis points quarter-on-quarter (including a 50 basis point drag from the repurchase plan announced in the second quarter).

UBS states that Standard Chartered's overall revenue exceeded expectations mainly driven by transaction services, global banking, and wealth management, with some growth offset by a slowdown in global markets business. Rating "Buy," with a target price of 1,537 pence for Standard Chartered in London

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.