Standard Chartered saw a 10% profit rise in Q1 due to increased client activity

From Yahoo Finance: 2025-05-02 00:55:00

Standard Chartered reported a 10% profit rise in Q1 due to increased client activity amid trade tariffs. CFO Diego De Giorgi mentioned clients’ tactical moves and potential delays in strategic deals. The bank’s wealth business saw notable strength with a 28% income growth. StanChart aims for $200 billion in new assets and double-digit growth in wealth business income over the next five years. Net interest income fell 5% in Q1 amidst a challenging outlook. Other major banks, like HSBC, have also highlighted threats from trade tensions.

Read more: StanChart cautious on tariff impact after strong first quarter