Standard Chartered PLC (OTCPK:SCBFF)
$ 11.946 -0.299 (-2.44%) Market Cap: 30.12 Bil Enterprise Value: 41.12 Bil PE Ratio: 8.31 PB Ratio: 0.60 GF Score: 64/100
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Q3 2024 Standard Chartered PLC Earnings Call Transcript

Oct 30, 2024 / 08:00AM GMT
Release Date Price: $11.3
William Winters
Standard Chartered PLC - Group Chief Executive Officer, Executive Director

Good morning and good afternoon, everyone. Today, I'm taking our third quarter 2024 results call from Saudi Arabia, attending the future investment initiative, and I'm joined by Diego from the London office. We delivered a strong performance in the third quarter with income up 12% and profit before tax, up 41%, driven by a record quarter in wealth solutions and double-digit growth in global markets.

As a result of this strong performance, we're upgrading our guidance for income growth this year towards 10%. These results demonstrate that our strategy of offering cross border corporate and investment banking capabilities and leading wealth management for affluent clients is working.

We're now taking action to double down on that strategy, concentrating capital and investment in our areas of greatest differentiation and competitive strength to deliver sustainably higher returns. In CIB, we will further sharpen the focus on serving the complex needs of our largest global clients and rely on our

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