Standard Chartered CEO Bill Winters announced in a statement on Thursday that the bank expects to achieve a tangible common equity return of around 13% in 2025, a year ahead of its target. Adjusted pre-tax profit rose to $1.99 billion, beating analyst estimates of $1.79 billion. This performance is mainly driven by the bank's wealth management unit and its global banking business. Standard Chartered raised its income forecast after reporting third-quarter profits that exceeded analyst estimates, supported by its wealth management operations. The bank stated that it now expects 2025 income growth to be in the 'upper end of the 5-7% range'.
