HK Stock Market Move | STANCHART (02888) rose nearly 3% in the first quarter, with performance exceeding market expectations and strong non-interest income performance.

STANCHART (02888) rose nearly 3%, as of the time of writing, up 2.13% to HK$196.3, with a turnover of HK$247.59 million. On the news front, recently, STANCHART disclosed its first-quarter performance for 2026. According to UBS, STANCHART's pre-provision operating profit and profit before tax for the first quarter exceeded market expectations by 13% and 14% respectively, with a year-on-year increase of 17% and 18%, performing better than expected. Global banking business revenue exceeded expectations by 12%, with a year-on-year growth of 21%; wealth solutions business revenue exceeded expectations by 13%, with a year-on-year growth of 34%. Net interest income exceeded expectations by 3%, and non-interest income exceeded expectations by 8%. Goldman Sachs stated that STANCHART's performance in the first quarter of this year was strong, with profits exceeding market expectations by 25%, mainly driven by strong non-interest income performance, and net interest income and effective tax rate slightly better than expected. Goldman Sachs raised STANCHART's 2026 earnings per share forecast by 5% to reflect better-than-expected first-quarter performance and lower credit loss assumptions.