Tag #Banking Profits

What were the key factors driving Standard Chartered's Q1 2025 profit increase, and what are the immediate implications for the bank?

Standard Chartered's pre-tax profits surged 12 percent to $2.1 billion in Q1 2025, exceeding analyst forecasts by $200 million. This growth was fueled by its wealth management division, which saw income rise by 28 percent to $777 million, driven by strong demand for investment products and bancassurance. However, the bank cautioned about increased economic uncertainty due to recent global tariff increases.