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Standard Chartered expects rate hikes to boost profitability despite 4% drop in share price


MongiIG

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Increased lending on the back of inflation-battling rate hikes is what Standard Chartered is banking on to improve its core profitability goals.

The London-based bank has improved its forward-looking guidance despite earnings coming in below analyst expectations, which have seen the share price drop 4% on Thursday.

 

 

Standard Chartered to invest US$300 million in China operations, misses  consensus estimates with fourth-quarter loss | South China Morning Post

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