StanChart Unveils New $1.3 Billion Buyback as Profit Beats (2)

Standard Chartered Plc announced a fresh $1.3 billion share buyback as it reported second-quarter earnings that beat expectations amid the tumult caused by US President Donald Trump’s tariff war.

The London-headquartered bank said Thursday that it would repurchase $1.3 billion of its own stock as part of a plan to return at least $8 billion to shareholders between 2024 and 2026. It had earlier announced a $1.5 billion buyback in February.

Adjusted pretax profit of $2.4 billion for the three months through June 30 came in above the $1.9 billion Bloomberg-compiled consensus estimate.

“Every part of our cross-border business ...