Standard Chartered Announces $1.3 Billion Buyback After Strong Q2 Earnings

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2025-07-31 13:01:02

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Standard Chartered unveiled a $1.3 billion share repurchase program following better-than-expected second-quarter results. The London-based bank reported adjusted pretax profits of $2.4 billion, surpassing Bloomberg's $1.9 billion estimate. This marks the institution's second major buyback in six months, following February's $1.5 billion repurchase.

The bank's wealth division attracted $16 billion in new client assets during the quarter, driving a 44% year-over-year increase in pretax profits. Shares traded at £13.70 in London, reflecting a 30% annual gain despite April's tariff-related volatility. Management reaffirmed commitments to return $8 billion to shareholders through 2026.

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