UK multinational bank Standard Chartered Q1 profit rises, stock up
Shares of British multinational bank Standard Chartered were gaining more than 5% on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance. Standard Chartered reported first quarter profit before tax of $1.91 billion compared to $1.81 billion, prior year. Earnings per ordinary share, in cents, was 45.4 compared to 39.8. Underlying operating income was $5.15 billion, up 17%. Underlying earnings per share, in cents, was 51.7 compared to 36.8. First quarter n...