StanChart reports 18% rise in annual profit, roughly in line with estimates

StanChart reports 18% rise in annual profit, roughly in line with estimates

February 21, 2025 / Liam Redmond /

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STANDARD Chartered reported on Friday its annual profit rose 18 per cent, roughly in line with analysts’ estimates, on strong performance of its wealth and markets business.

The London-based bank reported pretax profit for 2024 of US$6 billion, up from US$5.1 billion the year before and slightly below the US$6.2 billion average of analysts’ forecasts as compiled by the bank.

StanChart also announced share buybacks worth US$1.5 billion. REUTERS

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Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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