StanChart posts $3.49-B H1 profit

By Reuters

Jul 31, 2024 12:22 am

HONG KONG/LONDON — Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs.

The bank's Hong Kong-listed shares were up 4 percent after the results.

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