Standard Chartered PLC (LON:STAN) (LON:STAC) missed net income estimates by 3% and pre-tax profit estimates by 6% in its 2013FY earnings report as revenues came in 2% below estimates and impairments came in 12% worse than expected, partially offset by costs that were 3% better than expected. Even though 1H14 already looks better than 2H13, STAN has offered ‘modest growth’ as guidance for the rest of the year. “With consensus estimates likely to drift down on the back of these numbers. H2 results illustrate the need to preserve capital versus grow a capital intensive business. We do not regard risk/reward…