The Zhitong Finance App learned that Citibank released a research report saying that after Standard Chartered Group (02888) announced the results for the third quarter of 2026, the bank raised its 2026 earnings forecast by 10% and the 2027-2028 earnings forecast by 3%; the bank raised the target price from HK$223.7 to HK$230.8, reaffirming the “neutral/high risk” rating, but based on recent good profit momentum, it is currently more optimistic about Standard Chartered than HSBC Holdings (00005), which also rated “neutral”.

The bank indicated that the revenue forecast was only raised by about 1%, partially offset by an increase in cost forecasts of about 1%. The bank's revised pre-tax profit forecast is about 2% to 4% higher than market expectations, and the adjusted return on tangible equity is expected to reach 14.6% in 2026 (compared to the updated target of about 14%) and 16.3% in 2028 (over 15% higher than the target).

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