Standard Chartered (STAN) Goldman Sachs 28th Annual European Financials conference summary

Net interest income and loan growth

• Net interest income guidance for 2024 remains at $10–$10.25 billion, with low single-digit growth in loans and advances expected.

• Loan growth has been stronger than anticipated in Q2, supporting the achievement of volume targets.

• Uncertainty persists around future interest rate movements, contributing to market volatility.

Wealth management and non-interest income

• Wealth management continues to deliver strong, broad-based growth, with Q2 matching Q1's robust performance.

• Over 70% of net new money now flows directly into Wealth Solutions products, supporting margins.

• The bank is ahead of its $80 billion net new money three-year target, with $11 billion achieved in Q1.

Markets and banking performance

• Markets business is performing well, though Q2 faces a tough comparator and is expected to be flat year-over-year on strong prior results.

• Banking pipeline remains strong, with Q2 building on Q1's momentum across products like leveraged finance and trade.