StanChart first-half profit rises 26%, beats estimates
StanChart, which earns most of its revenue in Asia and Africa, said the reported pretax profit for the first six months of this year reached $4.38 billion. That compared with $3.49 billion a year earlier and the $3.83 billion average of 15 analyst estimates compiled by the bank.
The London-headquartered lender also announced a further $1.3 billion share buyback that it said would start imminently.
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