Core Viewpoint - Standard Chartered Group reported strong first-quarter performance driven by robust growth in wealth management, exceeding expectations [1][4] Financial Performance - The operating income for Q1 was $5.39 billion, a 5% year-on-year increase, surpassing the forecast of $5.32 billion [4] - Adjusted pre-tax profit reached $2.277 billion, up 7% year-on-year, exceeding the expected $2.15 billion [4] - Basic earnings per share increased by 9.8% to 62.7 cents, while reported earnings per share grew by 10.1% to 56.6 cents [4] - The wealth solutions business saw a significant growth of 28%, with both investment products and bank insurance recording double-digit growth [5] Market Reaction - Following the earnings report, Standard Chartered's stock price surged over 4% before settling at a 1.51% increase, priced at HKD 114.5 per share, with a total market capitalization of HKD 271.36 billion [1] - The stock has rebounded nearly 28% over the last 15 trading days and has increased over 116% since the beginning of 2023 [2] Business Segments - Global banking business grew by 17%, driven by increased lending and capital market activities [6] - Global markets business experienced a 14% growth, with both recurring and non-recurring income showing strong performance [6][7] Future Outlook - The company maintains its performance guidance for 2025 and 2026, expecting a compound annual growth rate of 5-7% in operating income from 2023 to 2026 [9] - The CEO expressed confidence in the bank's ability to create long-term sustainable value despite global economic uncertainties and trade tensions [9]