Standard Chartered (StanChart) (STAN.L), opens new tab announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024, betting on strong economic growth in its core Asian markets and on plans to rein in costs.
The London-headquartered lender, which earns most of its revenue in Asia, now expects operating income to grow more than 7% on a constant currency basis, up from its previous projection of between 5% and 7%.
Source: REUTER
Leave A Comment