Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth

Standard Chartered (LON: STAN) reported a record-breaking first-quarter performance, driven by strong momentum in its wealth management and investment banking divisions, despite setting aside higher provisions linked to geopolitical uncertainty. The bank’s results highlight its strategic shift toward fee-based income streams and resilient client activity across key markets.

For the three months ending March, Standard Chartered posted operating income of $5.9 billion, representing a 9% year-on-year increase on a constant currency basis. Profit before tax climbed 17% to $2.45 billion, while net profit attributable to shareholders rose 19% to $1.9 billion, underscoring solid earnings growth.

The standout performer was the bank’s Wealth Solutions unit, where income surged 32% due to increased demand for investment products and bancassurance services. Meanwhile, Global Banking delivered a 19% rise in income, supported by stronger deal origination and heightened capital markets activity. These gains reflect the bank’s focus on expanding higher-margin businesses.

Net interest income saw modest growth of 1% to $2.9 billion, while non-interest income jumped 16%, signaling a continued transition toward diversified revenue sources. However, credit impairment charges increased to $296 million, up $79 million from the previous year, largely due to precautionary provisions related to tensions in the Middle East.

CEO Bill Winters emphasized that Standard Chartered’s “advantaged market presence” and disciplined risk management have enabled the bank to navigate global economic uncertainty effectively. The bank’s return on tangible equity improved to 17.4%, up from 14.8% a year earlier, while its CET1 capital ratio remained solid at 13.4%.

Looking ahead, Standard Chartered maintained its 2026 outlook, expecting operating income growth at the lower end of its 5% to 7% target range. Net interest income is projected to remain broadly stable, while costs are expected to stay controlled as the bank completes its “Fit for Growth” program. The lender continues to target a return on tangible equity above 12%, reinforcing confidence in its long-term growth strategy.