StanChart full-year profit rises 16%, misses estimates

Group 1 - Standard Chartered reported a full-year pretax profit increase of 16%, reaching $6.96 billion compared to $6 billion the previous year, but fell short of the $7.2 billion average analyst estimate [1] - The bank's revenue growth was driven by robust global banking and strong wealth inflows, particularly in its primary markets of Asia and Africa [1] - A $1.5 billion share buyback was announced, set to commence imminently [2]