Standard Chartered Reports 12% Rise in Profit Before Tax, EPS Up 19%
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Standard Chartered plc reported a 12% rise in profit before tax to $2.3 billion and a 19% increase in earnings per share. The Corporate & Institutional Banking division's income rose 4% to $3.3 billion, while Wealth & Retail Banking saw a 12% increase to $2.1 billion. The bank announced a 37% increase in its full-year dividend for 2024, totaling 37 cents per share, and plans to distribute at least $8 billion to shareholders by 2026. Standard Chartered remains confident in its strategy amid geopolitical uncertainties.
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