Standard Chartered Announces $1.5 Billion Share Buyback Amidst Disappointing Quarterly Profits

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Standard Chartered announces $1.5 billion share repurchase despite profit miss

A woman walks past a Standard Chartered bank in London October 13, 2010. Asia-focused bank Standard Chartered launched a $5.3 billion rights issue to bolster its finances for new capital rules and provide the firepower to take advantage of growth opportunities, it said. REUTERS/Stefan Wermuth (BRITAIN - Tags: BUSINESS)

C

CNBC TV18•24-02-2026, 10:41

Standard Chartered announces $1.5 billion share repurchase despite profit miss

•Standard Chartered Plc announced a new $1.5 billion share buyback program.
•The bank reported an adjusted pretax profit of $1.24 billion for the December quarter, missing analyst estimates of $1.38 billion.
•Strong performance in wealth and global banking was offset by weaker trading income.
•The results follow the unexpected departure of CFO Diego De Giorgi, who left to join Apollo Global Management Inc.
•De Giorgi's exit, after two years and his association with the "Fit for Growth" program, caused investor concern and a stock drop.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

Freshworks

Freshworks Announces $400 Million Share Buyback Amid Prolonged Stock Decline

IDBI Bank Plunges 19%, Wipes Out Rs 18,900 Crore in Two Days

IDBI Bank Plunges 19%, Wipes Out Rs 18,900 Crore in Two Days

CoreWeave Shares Plunge 13% as Heavy Spending Alarms Investors

CoreWeave Shares Plunge 13% as Heavy Spending Alarms Investors

HSBC's Annual Profit Dips 7% Amid Impairments, But Bank Raises Key Target

HSBC's Annual Profit Dips 7% Amid Impairments, But Bank Raises Key Target

Representational image (Image: News18)

Nvidia Earnings Boost AI Confidence, Global Markets Mixed; US Futures Slip

Urban Company Shares Plummet to IPO Price; March Crucial for Lock-in Expiry

Urban Company Shares Plummet to IPO Price; March Crucial for Lock-in Expiry