HK Stock Market Move | STANCHART (02888) rises nearly 3%, Q3 results significantly beat expectations, raises FY2026 net interest income growth guidance to about 4%

STANCHART (02888) rose nearly 3%, up 2.67% as of press time to HK$223, with turnover of HK$192 million. On the news front, STANCHART recently released its Q3 2026 results. On a reported basis, operating income rose 14% to US$5.8 billion; net interest income rose 9% to US$3 billion, driven by higher volumes and optimization of the balance sheet mix; profit before tax was US$2.3 billion, up 29%. JP Morgan's latest research report noted that STANCHART's Q3 results significantly beat expectations, with strong core earnings growth and low impairments. Revenue, pre-provision operating profit, and profit before tax came in 4%, 7%, and 13% above market expectations, respectively, with strong performance across all business lines. The bank noted that net interest income was 2% above market expectations, up 8% year-on-year and 3% quarter-on-quarter, benefiting from volume growth and broadly stable net interest margin quarter-on-quarter. The group raised its FY2026 net interest income growth guidance to about 4%, above market expectations of about 3%.