BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Standard Chartered Announces $1.3 Billion Buyback After Strong Q2 Earnings
Standard Chartered Announces $1.3 Billion Buyback After Strong Q2 Earnings
15
3
BTCCSquare news:
Standard Chartered unveiled a $1.3 billion share repurchase program following better-than-expected second-quarter results. The London-based bank reported adjusted pretax profits of $2.4 billion, surpassing Bloomberg's $1.9 billion estimate. This marks the institution's second major buyback in six months, following February's $1.5 billion repurchase.
The bank's wealth division attracted $16 billion in new client assets during the quarter, driving a 44% year-over-year increase in pretax profits. Shares traded at £13.70 in London, reflecting a 30% annual gain despite April's tariff-related volatility. Management reaffirmed commitments to return $8 billion to shareholders through 2026.
By:
Previous
Powell’s Inflation Stance and Its Implications for Crypto Markets
Next
Palantir’s AI-Driven Surge Faces Valuation Concerns Amid Market Uncertainty
