Standard Chartered Share Discussion Threads

[pugugly] 06/11/2024 12:21

Trump back - Good for most banks -

[scrapman] 06/11/2024 09:36

Any reasoning behind the very steady rise recently ,

there was talk ages ago about a buyer from the middle east ?

[martinmc123] 30/10/2024 13:50

4*
Standard Chartered kept the reporting from the UK banking sector solid with an impressive Q3 performance. Operating income was up 11% to $4.9bn, up 12% at constant currency (ccy), with Net interest income (NII) up 9% to $2.6bn, Wealth Solutions up 32% and Global Markets up 16%. Ongoing efficiency drives helped to keep operating expense growth far more modest at 3%. So profits grew robustly in the quarter. Underlying profit before tax was $1.8bn, up 41% at ccy while reported profit before tax was $1.7bn, up 180% at ccy...from WealthOracle

wealthoracle.co.uk/detailed-result-full/STAN/925

[qantas] 30/7/2024 06:59

Great results today.

[justiceforthemany] 09/7/2024 12:59

Price to Book 0.5x

[sun1950] 05/6/2024 08:50

Where does the share price go from here this court case could drag on for some time

[bargainsniper] 02/5/2024 06:11

Strong results

[m w] 30/4/2024 18:09

Q1 results Thursday

[justiceforthemany] 26/3/2024 22:40

18M share volume today.

[justiceforthemany] 26/3/2024 14:54

Takeover coming? Finally?

[value hound] 06/3/2024 08:04

From Sharecast FWIW:

Standard Chartered attracting more takeover interest - report

Standard Chartered has reportedly come under the spotlight amid a fresh round of takeover talk.

In an ‘uncooked alert’, markets blog Betaville said people following the situation have heard rumours that StanChart has attracted more takeover interest.

Some people following the situation have heard speculation the interest has come from the Gulf region in the Middle East, possibly Abu Dhabi or Saudi Arabia, it said.

[qantas] 26/10/2023 11:34

In equity markets, Standard Chartered tumbled after it posted a drop in third-quarter pre-tax profit, as it took a hit from its exposure to the Chinese property and banking sectors.

In the three months to the end of September, pre-tax profit fell to $633m from $1.4bn a year earlier. Analysts were expecting pre-tax profit of $1.44bn.

The bank said credit impairment charges in the quarter were $294m, up $62m on the same period a year earlier, and $186m of which related to the Chinese commercial real estate sector.

In addition, StanChart said it reduced the carrying value of its investment in China Bohai Bank by $697m. This reflected subdued earnings and a challenging macroeconomic outlook, it said.

Richard Hunter, head of markets at Interactive Investor, said: "China remains both a blessing and a curse for Standard, with the country's faltering economic recovery weighing heavily on these results.

"The currently parlous state of developments in China are an inevitable concern, although Standard is adequately capitalised to withstand such challenges.

"Indeed, in the medium and longer-term the Chinese economy should provide some significant opportunities, and in a region where the bank has a well-established and trusted presence. Despite any disappointment which this latest update has delivered, the market consensus of the shares as a cautious buy encapsulates both current challenges and future prospects."

Please do your own research as always

[pugugly] 26/10/2023 06:35

The major problem and probably ongoing " China CRE portfolio Expected Credit Loss provisions $1.1bn on Stage 3 exposures of $1.4bn;"

[qantas] 26/10/2023 06:31

Please do your research as always

[qantas] 17/10/2023 10:59

Bank of America all better.





Goldman Sachs Reports 2023 Third Quarter Earnings Per Common Share of $5.47 and Annualized Return on Common Equity of 7.1%

Please do your own research as always.

[qantas] 30/9/2023 19:28

Please do your own research as always

[togglebrush] 11/9/2023 08:19

(Bloomberg) -- China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the managed currency away from a 16-year low.

[togglebrush] 29/8/2023 06:17

Sells Aviation Leasing business due before Full Year 2023 Earnings Release February 20th 2024.., possible spccial divi looking at the numbers

[action] 16/8/2023 11:38

China is in deflationary environment. Still 700p handle?

[retsius] 02/8/2023 19:05

Share purchases are chicken feed so far?
What are they playing at?
R.

[lochgarman] 28/7/2023 09:12

Happy days. Patience pays off.

[tonytyke2] 28/7/2023 06:27

Look very strong results to me, income up 20%, underlying profit before tax up 29% and a further 1 billion dollar buyback.

[boystown] 28/7/2023 06:21

Thanks Togglebrush

[togglebrush] 28/7/2023 06:18

Ex Divi 10th (UK) August : Curremcy 18 September; Paid 13 October in Part 2 of Accounts