Reuters
18 May 2026, 23:36 UTC · 2d ago
Source · https://www.reuters.com/business/finance/stanchart-targets-higher-return-2028-plans-15-cut-corporate-roles-by-2030-2026-05-18/
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Standard Chartered raised its return target to more than 15% for 2028. — Higher return targets typically signal improved capital efficiency and increased shareholder value, which is fundamentally bullish for the stock.
+0.60Standard Chartered plans to reduce corporate function roles by approximately 15% by 2030. — Job cuts in corporate functions suggest an aggressive move to lower operating expenses and improve the cost-to-income ratio.
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The company raised its return target for 2028, indicating positive growth expectations.
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