Goldman Sachs: Raises Standard Chartered (02888.HK) target price to HK$282, reiterates "Buy" rating, expects Q3 net profit of US$1.29 billion after deducting AT1

Zhito Finance APP has learned that Goldman Sachs issued a research report stating that it has raised the Hong Kong stock target price of Standard Chartered Group (02888.HK) from HKD 276 to HKD 282, reiterated the "Buy" rating, and at the same time raised the London stock target price of Standard Chartered Group (STAN.L) from 2,660 pence to 2,700 pence. Standard Chartered will announce its 2026 third-quarter results on October 28. The bank expects third-quarter net profit after deducting AT1 to be USD 1.29 billion, 3% higher than market expectations; revenue of about USD 5.7 billion, 2% higher than market expectations, benefiting from continued strong fee income and a modest recovery in net interest income.