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3d ago

Standard Chartered Surpasses Q1 2025 Profit Expectations on Wealth and Markets Growth

The bank reported a 13% rise in net profit and 19% EPS growth, driven by double-digit gains in Wealth Solutions and Global Markets, while continuing its cost-saving and shareholder return initiatives.

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The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo
Operating income at Standard Chartered’s wealth solutions division rose 28 per cent to $777 million as it added 72,000 affluent clients
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Overview

  • Standard Chartered reported a profit before tax of $2.103 billion for Q1 2025, exceeding the $1.905 billion consensus estimate.
  • Net profit rose 13% year-over-year to $1.59 billion, with earnings per share up 19% due to strong performance in Wealth Solutions, Global Markets, and Global Banking.
  • The bank's underlying pre-tax profit increased 7% to $2.28 billion, beating expectations of $1.9 billion.
  • Its Fit for Growth initiative, launched in 2024, aims to achieve $1.5 billion in cost savings over three years, complementing a $1.5 billion share buyback program announced earlier this year.
  • While U.S. trade tariffs on steel, aluminum, and autos added complexity to the operating environment, the full impact of recent tariff developments has yet to be reflected in the results.