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via finance.yahoo.comBusiness & Companies

Standard Chartered raises outlook as trading, wealth boost profit above estimates

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Standard Chartered (LON:STAN) raised its full-year income outlook after delivering a stronger-than-expected third quarter, as robust trading activity and another record performance in wealth management helped the Asia-focused lender capitalise on growth across…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major bank raises its income guidance, with possible read-across to the UK banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter pretax profit rose 27% to $2.25 billion.
  2. 02The analyst average estimate was $2.09 billion.
  3. 03The bank now expects full-year operating income growth above its previous 5% to 7% range.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Standard Chartered PLCSTAN.LSEStock2,019.00 GBpMarket closedtoday +0.45%Positive HSBC Holdings plcHSBCStock86.01 USDMarket closedtoday -5.70%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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