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It’s hard to keep track of every stock on the FTSE 100. I’ve only glanced at Standard Chartered (LSE: STAN) now and then and as it turns out, I’ve missed quite a lot. But can the Asia-focused bank’s remarkable performance continue?
Standard Chartered has soared 98% in the past year, and its shares are up 246% over two years, with dividends on top. It had a stellar 2024, with full-year results, published in February, showing an 18% jump in pre-tax profit to $6bn.
The share price got another boost from last week’s half-year 2025 results, published on 31 July. These revealed a 26% rise in pre-tax profit to $4.38bn, flying past analysts’ forecasts of $3.83bn.
The shares are smashing it
The bank also announced a $1.3bn share buyback and increased its interim dividend by 37% to 12.3 US cents a share. CEO Bill Winters hailed a “strong first-half performance” driven by…
