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

Standard Chartered reported an 18% rise in its annual pretax profit for 2025, reaching $5.09 billion, which was slightly below the $5.18 billion average estimate from analysts. The bank's performance was driven by higher interest rates and a significant increase in income from its wealth management and retail banking sectors. Despite global economic challenges, the bank managed to navigate through geopolitical tensions and economic volatility, although it faced a $1.0 billion hit from its exposure to China's real estate sector. Additionally, Standard Chartered announced a new $1 billion share buyback program and increased its final dividend by 50% to 21 cents per share, reflecting confidence in its financial stability and future earnings potential.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/stanchart-reports-18-rise-annual-profit-roughly-line-with-estimates-2025-02-21/ ]