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2026-10-28 12:24:03 STANCHART (02888.HK) announced its third-quarter results for the period ended September this year. Operating profit before impairment and taxation rose 21% YoY to USD2.37 billion. Statutory pretax profit increased 27% to USD2.25 billion, above market expectations of USD2.09 billion. Basic EPS was USD0.689. During the quarter, operating income increased 13% to USD5.781 billion, above market expectations of USD5.63 billion. On a constant currency basis, it rose 14% YoY. Among which, net interest income increased 9% to USD3 billion, while non-interest income rose 19% to USD2.8 billion. Credit impairment during the period decreased to USD90 million. Operating expenses were USD3.41 billion, up 9% YoY. Third-quarter NIM was 2.03%, up 0.09 ppts YoY and also above market expectations of 2.01%. The Common Equity Tier 1 capital ratio was 13.8% in the third quarter, down 31 bps QoQ, in line with expectations. The group revised its 2026 guidance. On a constant currency basis and excluding notable items, operating income growth is expected to exceed the 5% to 7% growth range YoY. Among which, net interest income is expected to increase about 4% YoY on a constant currency basis. Excluding notable items, the cost-to-income ratio is expected to be around 60%. Return on tangible equity is expected to be around 14%. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |