StanChart Beats on Q3 Earnings
Standard Chartered reported strong Q3 earnings on Tuesday with income up 7% YoY to $3.8bn and statutory pre-tax profit more than doubling to $996mn from $435mn a year earlier, beating analyst estimates of $942mn. Credit impairment costs reduced massively to $107mn...
SocGen, StanChart Report Surge in Profits
SocGen reported a Q2 underlying group net income of €1.35bn ($1.6bn) vs. only €8mn ($9.5mn) in Q2 last year. For the half year, they reported net income of €2.65bn ($3.1bn), up 13.5% vs. 1H2019 and nil profits during the same period last year. The bank reported no...
