StanChart expands share buyback as pre-tax profit beats estimate

Quick Summary:

Second-quarter pre-tax profit of US$1.83 billion beats analyst estimates of US$1.6 billion.

He has in the past played down talks of him leaving the bank any time soon, telling reporters three years ago that “the job is not yet done”.

Around 50 per cent of the Fit For Growth projects identified are “in execution” or ready to start, with the plan to have them all in execution by the end of 2024, the lender said.

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Category: EconomyBusiness

Markets: Singapore

Topics: Operating Bank Lender 2026 Billion 2024 Income Us$1 Wealth Growth Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 13:17:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21851500

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 22 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publisher ID: #25

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