“Business performance was strong and broad-based across our segments, products and markets in what continues to be an uncertain environment,” CEO Bill Winters said in the statement.
Standard Chartered Plc posted first-quarter earnings that topped estimates after its traders collected a windfall from tumultuous credit and commodities markets.
The company’s shares surged more than 5% in Hong Kong. The lender said operating income from its credit trading business rose 38% in the first quarter, while its macro trading business benefited from a 12% gain in revenue.
