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2026-11-02 14:04:33 Deutsche Bank said in a research report published last week that STANDARD CHARTERED (02888.HK)'s third-quarter results beat market expectations and the bank also raised its guidance. The broker believed this would lead to a slight upward revision in market expectations for 2026 and expected a positive share price reaction. The broker noted that STANDARD CHARTERED (02888.HK)'s pre-provision operating profit was 4% above market expectations, with the outperformance being broad-based and driven by both net interest income and non-interest income. By product segment, wealth management income and transaction services delivered strong performance. The 2026 revenue guidance was raised to the upper end of the expected 5% to 7% CAGR range, with net interest income expected to rise about 4% YoY, the cost-to-income ratio at about 60%, and the return on tangible equity guidance at around 14%, higher than the previous guidance of above 12% and market expectations of 13.8%. The broker believed market expectations for STANDARD CHARTERED (02888.HK) in 2026 may only be revised up slightly by about 1%, driven by higher net interest income but partly offset by a higher cost-to-income ratio. It was more uncertain whether the upward revision could extend into 2027. The broker maintained its "Buy" rating on STANDARD CHARTERED (STAN.L) shares in the UK market, with a TP of GBX2,450.(da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |