Understanding the Market | STANCHART rose over 4% in the afternoon, with earnings to be released this Thursday. Goldman Sachs expects a 6% growth in adjusted pre-tax profit for the third quarter

Zhitong
2025.10.28 06:27
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Standard Chartered Group rose over 4% in the afternoon, and as of the time of writing, it was up 3.19%, trading at HKD 152.2, with a transaction volume of HKD 111 million. In terms of news, Standard Chartered Group plans to hold a board meeting on October 30 (this Thursday) to approve quarterly results. Goldman Sachs previously released a research report predicting that Standard Chartered's adjusted pre-tax profit for the third quarter will be USD 1.9 billion, a year-on-year increase of 6%, which is 12% higher than market expectations, mainly driven by rising non-interest income and declining costs. Goldman Sachs indicated that the recent rise in Hong Kong interbank offered rates reflects a lower likelihood of exceeding expectations for net interest income in the third quarter, currently forecasting a 3% increase in adjusted revenue to USD 5.04 billion, compared to a 7% increase in the first half of the year. It is worth noting that Standard Chartered's stock price fell 5.1% on October 17. Morgan Stanley stated that this may be due to investors adopting a risk-averse sentiment due to U.S. credit risk events. The bank noted that Standard Chartered has limited direct exposure to the U.S. market and has strengthened risk management measures in recent years, leading to a reduction in risk exposure. Additionally, financial market volatility may have a positive impact on Standard Chartered's market revenue in the fourth quarter

According to Zhitong Finance APP, Standard Chartered Group (02888) rose over 4% in the afternoon, and as of the time of writing, it was up 3.19%, trading at HKD 152.2, with a transaction volume of HKD 111 million.

In terms of news, Standard Chartered Group plans to hold a board meeting on October 30 (this Thursday) to approve quarterly results. Goldman Sachs previously released a research report predicting that Standard Chartered's adjusted pre-tax profit for the third quarter will be USD 1.9 billion, a year-on-year increase of 6%, which is 12% higher than market expectations, mainly driven by an increase in non-interest income and a decrease in costs. Goldman Sachs noted that the recent rise in Hong Kong dollar interbank rates reflects a lower likelihood of exceeding expectations for net interest income in the third quarter, and currently predicts that adjusted revenue will grow by 3% to USD 5.04 billion, compared to a 7% increase in the first half of the year.

It is worth noting that Standard Chartered's stock price fell by 5.1% on October 17. Morgan Stanley stated that this may be due to investors adopting a risk-averse sentiment due to credit risk events in the United States. The bank indicated that Standard Chartered has limited direct exposure to the U.S. market and has strengthened risk management measures in recent years, leading to a reduction in risk exposure. Additionally, financial market volatility may have a positive impact on Standard Chartered's market revenue in the fourth quarter

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