---
title: "Goldman Sachs raises Standard Chartered's target price to 168 yuan, last quarter's performance exceeded expectations"
description: "Goldman Sachs raised the target price for Standard Chartered Group to HKD 168, an increase of 24% from the previous HKD 135. The report noted that Standard Chartered's basic pre-tax profit for the thi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/263431516.md"
published_at: "2025-10-30T05:34:16.000Z"
---

# Goldman Sachs raises Standard Chartered's target price to 168 yuan, last quarter's performance exceeded expectations

> Goldman Sachs raised the target price for Standard Chartered Group to HKD 168, an increase of 24% from the previous HKD 135. The report noted that Standard Chartered's basic pre-tax profit for the third quarter of 2025 exceeded market expectations by 14%, and basic earnings surpassed by 23%. Standard Chartered has raised its guidance for 2025 revenue and return on equity, expecting revenue growth to approach the upper limit of the 5% to 7% range. The current stock price of Standard Chartered is HKD 157.6, up 3.01%

Goldman Sachs published a report indicating that Standard Chartered (02888.HK) will have a basic pre-tax profit in the third quarter of 2025 that exceeds market consensus expectations by 14%, with basic earnings exceeding by 23%. This reflects net interest income exceeding expectations by 2%, non-net interest income exceeding expectations by 4%, operating expenses exceeding expectations by 1%, credit costs exceeding expectations by 23%, and a tax rate that is 4 percentage points lower than expected. The quarterly basic return on equity for shareholders is 13.4% (market consensus is 10.1%), and the common equity tier 1 capital ratio is 14.2%.

Standard Chartered has raised its guidance for total revenue and return on equity for the full year 2025, now expecting revenue growth to approach the "upper limit" of the 5% to 7% range (previously "close to the lower limit"), and anticipates a return on equity of about 13% in 2025, with continued improvement thereafter (previously expected to be close to 13% in 2026 and continue to improve thereafter).

Goldman Sachs has raised its earnings per share forecasts for Standard Chartered for 2025 to 2027 by 3%, 5%, and 4%, respectively, mainly reflecting the impact of lowered tax rate assumptions, while pre-tax profit forecasts remain largely unchanged. The target price for Standard Chartered's Hong Kong stock has been raised by 24% from HKD 135 to HKD 168. The rating remains "Neutral."

Standard Chartered is currently trading at HKD 157.6, up 3.01%, with a turnover of 767,600 shares, involving HKD 120 million

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.