Standard Chartered ( (SCBFF) ) has released its Q4 earnings. Here is a breakdown of the information Standard Chartered presented to its investors.
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Standard Chartered, a leading global bank with a significant presence across Asia, Africa, and the Middle East, has reported robust financial performance for 2024, driven by its strategic focus on cross-border capabilities and wealth management expertise. The bank achieved a record operating income of $19.7 billion, marking a 14% increase at constant currency, with notable growth in Wealth Solutions and Global Markets. The bank’s return on tangible equity rose to 11.7%, supported by strategic investments and efficient cost management. Standard Chartered’s strong liquidity and capital positions allowed it to announce a $1.5 billion share buyback and a 37% increase in its annual dividend. Looking ahead, the bank aims to further capitalize on growth opportunities within its footprint markets, with expectations of continued income growth and an improved return on tangible equity approaching 13% by 2026.
