Signage is displayed atop a Standard Chartered Plc bank branch in Hong Kong, China, on Thursday, July 25, 2019. Standard Chartered is scheduled to release interim earnings results on Aug. 1. Photographer: Paul Yeung/Bloomberg

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The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.

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Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from its lending business.

The London-based bank said Thursday that net profit rose 5.2% to $1.22bn for the three months ended March. Quarterly net profit beat the estimate of $797.5m compiled in a poll of analysts by Visible Alpha.

By +Kosaku Narioka, The Wall Street Journal 

Standard Chartered posts higher profit on trading gains

The bank’s net profit rose 5.2% to $1.22bn for the three months ended March

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