Standard Chartered rises as profit beats and guidance improves Proactive uses images sourced from ShutterstockStandard Chartered PLC (LSE:STAN) shares rose 2.9% to 2,158p after second-quarter profit beat forecasts and the Asia-focused bank upgraded its full-year revenue guidance and unveiled a $1 billion buyback. Chief executive Bill Winters said the performance "demonstrates the strength of our differentiated international network and the disciplined execution of our strategy"He said the upgraded income guidance and new share buyback "reflect our confidence in the business". Operating income of $5.70 billion was 3% ahead, helped by net interest income of $2.87 billion and a 5% beat from non-interest income. It also announced a further $1 billion share buyback. However, Shore Capital retained its 'sell' recommendation, saying said consensus forecasts already reflected the upgraded guidance, limiting the potential for earnings upgrades.