…Launches $1bn buyback
Standard Chartered posted a record operating income of $11.6 billion for the six months ended June 30, while profit before tax rose nine percent to $4.8 billion, powered by strong growth in its wealth management and global banking businesses.
The lender announced a $1 billion share buyback and upgraded its earnings outlook for the year.
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Earnings per share increased 17 percent, reflecting continued growth across its international markets and reinforcing confidence in its strategy of connecting clients across Asia, Africa and the Middle East.
