StanChart flags tariff uncertainty after 10% quarterly profit beat By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2025
0mins
Source: Investing.com
Profit Growth Amid Challenges: Standard Chartered reported a 10% rise in pretax profit for Q1, reaching $2.1 billion, driven by strong performance in wealth and fee-based businesses, despite concerns over credit quality due to rising trade tariffs.
Outlook and Market Reaction: The bank's shares rose following the earnings release, reflecting investor optimism, although it warned of challenging conditions ahead, particularly regarding net interest income and credit costs in Hong Kong.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
