StanChart third-quarter profit rises 3%, beats estimates

Core Insights - Standard Chartered reported a 3% increase in third-quarter pretax profit, surpassing analyst expectations, driven by strong performance in wealth management, global banking, and markets businesses [1] Financial Performance - The company's third-quarter pretax profit rose by 3%, indicating robust financial health and effective management strategies [1] - Revenue growth was primarily attributed to the strong performance in wealth management and global banking sectors [1] Business Segments - Wealth management, global banking, and markets businesses were highlighted as key contributors to the revenue increase, showcasing the company's diversified income streams [1]