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Standard Chartered beats forecasts with 31 percent third-quarter profit jump

Updated : October 31, 2018 10:50 AM IST

Standard Chartered reported on Wednesday a better than expected 31.3 percent rise in quarterly profit before tax, as the British lender attempts to bring down stubbornly high costs and boost flatlining revenues.
The bank posted a profit before tax of $1.1 billion in the three months ended Sept. 30, above the $814 million profit in the same period a year ago and higher than the $978 million average of analysts' forecasts.
Standard Chartered beats forecasts with 31 percent third-quarter profit jump
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