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Standard Bank rallies nearly 8% on earnings jump

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Africa’s largest lender by assets cites higher client transactional and trade activity, and market volatility 🔒

Standard Bank’s shares rallied the most in more than two years after it reported a jump in attributable earnings in the first nine months of 2022 thanks to higher client transactional and trade activity as well as market volatility.

The bank’s share price had its biggest gain since September 2020, up 7.86% to R163.93, the highest since August 26...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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