Standard Chartered (OTCMKTS:SCBFF) Announces Earnings Results

by · The Cerbat Gem

Standard Chartered (OTCMKTS:SCBFF – Get Free Report) issued its earnings results on Wednesday. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10, Zacks reports.

Standard Chartered Price Performance

Shares of SCBFF remained flat at $26.59 during mid-day trading on Wednesday. 750 shares of the stock traded hands. The firm’s fifty day simple moving average is $29.02 and its 200 day simple moving average is $26.15. Standard Chartered has a 12-month low of $19.28 and a 12-month high of $31.98.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Wednesday, September 23rd. UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 14th. Finally, Barclays upgraded shares of Standard Chartered from an “equal weight” rating to an “overweight” rating in a report on Wednesday, October 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on SCBFF

About Standard Chartered

(Get Free Report)

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. The company provides banking and financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

Its principal businesses include corporate and institutional banking, commercial banking, wealth management, private banking and consumer banking. Products and services include transaction banking, trade finance, lending, cash management, investment banking, foreign exchange, capital markets, investment services, mortgages, personal loans and deposit accounts.

Standard Chartered traces its origins to the Chartered Bank of India, Australia and China, founded in 1853, and the Standard Bank of British South Africa, founded in 1863.

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