First Glances - Stan, UBS, Caixa, Deutsche, Lancashire; Aberdeen; DWS, St James’s Place; Erste Bank Ad Hoc business plan

Research evidence excerpt

First Glances - Stan, UBS, Caixa, Deutsche, Lancashire; Aberdeen; DWS, St James’s Place; Erste Bank Ad Hoc business plan

Gigi Sparling - Specialist Sales - European Financials AC (44-20) 7134-0355 Europe Specialist Sales J P M O R G A Nghislaine.sparling@jpmorgan.com

J.P. Morgan Securities plc 29 July 2026

First Glances - Stan, UBS, Caixa, Deutsche, Lancashire; Aberdeen; DWS,

St James’s Place; Erste Bank Ad Hoc business plan

Gigi Sparling

+44 207 134 0355

ghislaine.sparling@jpmorgan.com

Today: UK Net Consumer Credit, mortgage approvals (9.30am); FOMC Rate decision (7pm)

9 Key Highlights Today:

1. Standard Chartered: Strong beat, guidance still looks conservative.

2. UBS: First Glance - Adjusted PBT is 10% ahead of consensus, but high expectations and SBB message a bit

weaker

3. Caixa: First Glance - Net profit a 5% beat but no guidance upgrade

4. Deutsche: First Glance -Expectations were lowest for Deutsche of all the IBs given their lack of equities exposure

and actually numbers look good.

5. Lancashire: Reported 1H26 PBT 13% below company consensus.

6. Aberdeen: A decent beat but adviser and investment flows not as good.

7. DWS: Overall disappointing.

8. St James’s Place: A 16% beat, adviser numbers up

9. Erste: Ad Hoc Announcement with 2030 plan - although lacking detail of the make up

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The Detailed Highlights

Post results, Newswires & Away from Us

Global Financials wrap, Trading Recap and Colour

Global Financials Research Links

Global Macro Research Links

Save the Date: J.P. Morgan Events

J.P. Morgan Financials Contacts

Standard Chartered: Strong beat, guidance still looks conservative. Attributable profits were 17% ahead of company-

consensus, driven by income 3% ahead, costs 2% lower and PPOP 9% ahead.