Standard Chartered has tested investor patience like no other in the past decade. For those who kept the faith, there is more reason to think there might be better times ahead.
The banking giant’s shares have delivered the highest total return of all five of the big London-listed lenders since the start of this year, reversing a stark underperformance since the 2008 financial crisis. Raising income guidance on the back of higher interest rates and impressive growth in the investment banking business has instilled more confidence that the lender can hit a target for a double-digit return on tangible equity by 2024.
The bank is focused on emerging markets and its fortunes are tied more closely to the reopening of Asia and Africa post-pandemic than
