The lender stuck to a plan to return at least US$8 billion to shareholders from 2024 to 2026. Its wealth business performed strongly, luring US$13 billion of affluent net new money, up 22% and benefiting from strong international flows. Trading income was boosted by higher market volatility.
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump's trade war.
Adjusted pretax profit for the quarter through March hit US$2.28 billion ($2.98 billion), largely driven by the bank's wealth and financial markets units, which exceeded the US$2.15 billion consensus estimate compiled by Bloomberg.
