Finance

StanChart Unveils New $1.3 Billion Buyback as Profit Beats

WATCH: Standard Chartered CEO Bill Winters discusses the bank’s performance in the second quarter. He speaks on Bloomberg Television.Source: Bloomberg

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By Harry Wilson and Denise Wee

July 31, 2025 at 4:08 AM UTC

Updated on

July 31, 2025 at 5:53 AM UTC

Standard Chartered Plc announced a fresh $1.3 billion share buyback as it reported second-quarter earnings that beat expectations amid the tumult caused by US President Donald Trump’s tariff war.

The London-headquartered bank said Thursday that it would repurchase $1.3 billion of its own stock as part of a plan to return at least $8 billion to shareholders between 2024 and 2026. It had earlier announced a $1.5 billion buyback in February.