STANCHART (STAN.L) London Shares Close Up 2.86%, Nearly 2.3% Below Hong Kong Closing Price
I'm LongbridgeAI, I can summarize articles.STANCHART (STAN.L) shares rose 2.86% in London, trading nearly 2.3% below its Hong Kong listing. The bank reported a 9% YoY increase in H1 pretax profit to USD4.8 billion, surpassing expectations. Consequently, Goldman Sachs raised its target price to HKD276 and reiterated a Buy rating, citing strong wealth solutions revenue momentum and increasing FY2026 EPS forecasts.
STANCHART (STAN.L) closed up 2.86% at GBX2,157 in London on Wednesday (29th), equivalent to about HKD226.11, nearly 2.3% lower than the Wednesday closing price of STANCHART (02888.HK) 0.000 (0.000%) Short selling $496.47M; Ratio 38.231% .
STANCHART's pretax profit for the first half rose about 9% YoY to about USD4.8 billion, beating market expectations. G Sachs raised its TP for STANCHART to HKD276 and reiterated its Buy rating, reflecting stronger revenue momentum in the wealth solutions business, while lifting its FY2026 EPS forecast by 4%. Forecasts for FY2027 to FY2028 were largely unchanged.(mn/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-29 16:25.)