Finance
StanChart profit climbs but misses estimates, $1.5 billion buyback launched
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: February 24, 2026
Quick Summary
Standard Chartered’s pretax profit rose 16% to $6.96bn, missing a $7.2bn consensus. The bank announced a $1.5bn buyback, citing strong wealth inflows and robust global banking revenue.
StanChart Profit Rises but Misses Forecasts; Launches $1.5B Buyback
By Selena Li and Lawrence White
Earnings and Shareholder Returns Overview
HONG KONG, Feb 24 (Reuters) - Standard Chartered reported on Tuesday that full-year pretax profit rose 16%, as robust global banking and strong wealth inflows boosted revenue at the emerging markets-focused lender.
Revenue Mix: Asia and Africa
Full-Year Pretax Profit vs. Estimates
StanChart, which earns most of its revenue in Asia and Africa, reported pretax profit for the full year of $6.96 billion. That compared with $6 billion a year earlier and the $7.2 billion average of 16 analyst estimates compiled by the bank.
Share Buyback Details
It also announced a $1.5 billion share buyback that it said would start imminently.
By Selena Li, Lawrence White; Editing by Edwina Gibbs
Reporting Credits
(Reporting by Selena Li in Hong Kong and Lawrence White in London; Editing by Edwina Gibbs)
Key Takeaways
- •Full-year pretax profit rose 16% to $6.96 billion.
- •Results missed the $7.2 billion analyst consensus.
- •A $1.5 billion share buyback will begin imminently.
- •Revenue was lifted by strong wealth inflows and global banking.
- •StanChart generates most of its revenue in Asia and Africa.
Frequently Asked Questions about StanChart profit climbs but misses estimates, $1.5 billion buyback launched
1What is the main topic?
Standard Chartered’s full-year earnings update, highlighting a 16% rise in pretax profit to $6.96bn, a miss versus estimates, and the launch of a $1.5bn share buyback.
2Did StanChart meet profit expectations?
No. Pretax profit of $6.96bn was below the $7.2bn average of analyst estimates compiled by the bank.
3What drove the bank’s performance?
Robust wealth management inflows and strong results in global banking boosted revenue, despite the overall profit miss.
