The Zhitong Finance App learned that Deutsche Bank released a research report saying that Standard Chartered Group (02888)'s third-quarter results beat market expectations and raised guidance, which is expected to drive a slight increase in market expectations in 2026, and a positive stock price reaction is expected.

The bank pointed out that Standard Chartered's pre-provision profit was 4% higher than market expectations. The win was comprehensive, driven by net interest income and non-interest income; in terms of products, wealth management revenue and transaction services showed strong performance. The 2026 revenue guidance was raised to the upper end of the expected 5% to 7% compound annual growth rate range. Net interest income increased by about 4% year on year, the cost-revenue ratio was about 60%, and the return on tangible equity was about 14%, higher than the previous forecast of more than 12%.

The bank believes that the market's expectations for Standard Chartered in 2026 may only rise slightly by about 1%, driven by higher net interest income, but partially offset by a higher cost-revenue ratio; it is doubtful whether the increase can be extended to 2027.

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