SINGAPORE/LONDON (Reuters) – Commonplace Chartered’s pre-tax revenue doubled from a 12 months earlier, however the revenue got here under market forecasts on Thursday, because the rising markets-focused lender gained from a restoration in pandemic-hit markets. Pretax revenue for the financial institution, which earns most of its income in Asia, surged to $3.3 billion from $1.6 billion a 12 months earlier. This in contrast with the $3.8 billion common estimate of 16 analysts as compiled by the lender.
The financial institution introduced a $750 million sharebuyback.
(Reporting by Anshuman Daga in Singapore and Lawrence White in London; Modifying by Carmel Crimmins and Sam Holmes)
Supply: KFGO
