Standard Chartered sets $1.5bn buyback as profit surges on record income
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Standard Chartered PLC announced a $1.5 billion share buyback following a 20% increase in pre-tax profit to $6.8 billion, driven by a 13% rise in operating income to $19.7 billion.
February 21, 2025 | 8:00 am
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POSITIVE IMPACT
Standard Chartered PLC's announcement of a $1.5 billion buyback and a 20% increase in pre-tax profit is likely to positively impact its stock price.
The $1.5 billion buyback indicates confidence in the company's financial health and is likely to increase demand for SCBFF shares. The 20% profit increase further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100