Standard Chartered Plc shares surged after it beat estimates in the first quarter and the lender said revenue would climb more this year than previously predicted.
Underlying pretax profit posted a surprise 4% rise to $1.5 billion in the period on a jump from its trading business, the London-based bank said in a statement Thursday. Revenue growth for all of 2022 is expected to “slightly exceed” the previously guided 5% to 7% range, it said.
