Standard Chartered (SCBFF) Set to Announce Earnings on Wednesday

Standard Chartered (OTCMKTS:SCBFF) is expected to be announcing its results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.5660 per share and revenue of $5.63 billion for the quarter.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Wednesday, July 29th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Standard Chartered had a return on equity of 10.84% and a net margin of 13.79%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.59 billion. On average, analysts expect Standard Chartered to post $2.40 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.

Standard Chartered Stock Performance

Shares of SCBFF opened at $26.39 on Tuesday. Standard Chartered has a 52-week low of $19.05 and a 52-week high of $31.98. The business’s fifty day moving average is $29.16 and its 200-day moving average is $26.13. The firm has a market cap of $59.99 billion, a price-to-earnings ratio of 12.55 and a beta of 0.66.

Wall Street Analysts Forecast Growth

SCBFF has been the topic of several research analyst reports. Barclays raised Standard Chartered from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 21st. UBS Group cut Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “hold” rating to a “moderate buy” rating in a report on Monday, September 14th. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Wednesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Standard Chartered presently has an average rating of “Moderate Buy”.

Standard Chartered Company Profile

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.