Standard Bank stock gained 1.13 percent after record earnings growth

Published on 10/05/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Standard Bank stock was last at ZAc 29,495 on October 2, 2026, against a ZAc 24,190 to ZAc 33,900 52-week range. Half-year headline earnings reached ZAR 26.1 billion, up 10 percent, with ROE at 19.8 percent.

Standard Bank, ZAE000109815, Illustration mit AI erstellt.

Standard Bank stock (ISIN ZAE000109815) was last at ZAc 29,495 on the Johannesburg Stock Exchange on October 2, 2026, up 1.13 percent from the prior close. The move followed a half-year update showing record headline earnings and a higher return on equity, according to Standard Bank on August 13, 2026.

Half-year earnings set the benchmark

For the six months ended June 30, 2026, Standard Bank reported headline earnings of ZAR 26.1 billion, up 10 percent from ZAR 23.785 billion in the comparable period, according to Standard Bank.

Headline earnings per share rose 10 percent to 1,610 cents from 1,458 cents, while net asset value per share increased 6 percent to 16,771 cents from 15,829 cents. The cost-to-income ratio improved to 49.3 percent from 49.5 percent, giving the earnings increase a modest efficiency component.

Returns and balance sheet remain central

Return on equity reached 19.8 percent, compared with 19.1 percent in the prior-year period, and sits inside the group's 2028 target range of 18 percent to 22 percent, according to Standard Bank.

The first-half balance sheet also expanded. Total assets reached ZAR 3.8 trillion, loans and advances rose 7 percent to ZAR 1.783 trillion, and deposits increased 12 percent to ZAR 2.496 trillion, according to TechTrends Kenya on September 22, 2026.

Consensus points to higher valuation

MarketScreener lists an Outperform consensus from 11 analysts, with an average target price of ZAR 363.55 for Standard Bank Group. That consensus figure is distinct from the companys reported results and reflects analyst valuation rather than realized earnings, according to MarketScreener.

A separate September 23 valuation update lifted the indicated target to ZAR 363.55 from ZAR 355.81 and revised the future P/E estimate to 13.61x from 13.24x, according to Simply Wall St.

Stock stays below yearly high

Standard Bank stock traded between ZAc 24,190 and ZAc 33,900 over the 52-week period ending October 2, 2026. Its market capitalization stood at ZAR 477.6 billion on October 3, 2026.

The stock was last at ZAc 29,495 on the JSE on October 2, 2026, with volume of 1,453,749 shares and a session range of ZAc 29,174 to ZAc 29,670.