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Standard Chartered Raises Income Target as Wealth Earnings Accelerate

By TLA AI Editor3 min read

Hong Kong, 29 July 2026 – Standard Chartered has raised its full-year income target after a 9% increase in first-half pretax profit, as wealth management and global banking generated stronger revenue. The result reinforces the bank’s exposure to affluent clients and cross-border flows across Asia, Africa and the Middle East.

Pretax profit reached US$4.78 billion for the first six months, up from US$4.38 billion a year earlier and above the average estimate compiled from analysts. The bank now expects annual income growth around the middle of its 5% to 7% range, compared with earlier guidance closer to the lower end.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.