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Standard Chartered PB: Surprise US earnings upside bodes well for US equities

Better-than-expected US corporate Q2 earnings — especially in the banking sector — bode well for US stocks, according to Standard Chartered Private Bank. “The sector bested consensus estimates with the help of rising net interest income and growth in consumer banking and wealth management,” the private bank said. “Total lending continued to grow and, while bad loan provisions ticked up,…

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