We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Standard Chartered Plc | LSE:STAN | London | Ordinary Share | GB0004082847 | ORD USD0.50 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.40 | -0.21% | 681.40 | 682.40 | 682.80 | 692.60 | 680.40 | 691.00 | 6,863,408 | 16:35:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 18.02B | 3.47B | 1.2403 | 5.51 | 19.1B |
From Apr 2019 to Apr 2024
By Margot Patrick
LONDON-- Standard Chartered PLC narrowed its net loss for 2016 and said its returns should improve this year after a major restructuring.
The bank's net loss for the year was $478 million, less than last year's $2.36 billion, as a sharp fall in bad loans offset declining revenue. Revenue dropped 11% to $13.8 billion from $15.4 billion, in part because of dollar strength against emerging market currencies.
Chief Executive Bill Winters said the bank is on a stronger foundation after cutting costs and selling around a dozen businesses. Mr. Winters is 20 months into a revamp of the bank to shrink parts of its loan book and pull back from riskier activities.
Restructuring costs for the year were $855 million, down from $1.85 billion in 2015. Bad loans were down 41% at $2.38 billion.
Standard Chartered shares are up 12% since the start of the year on expectations stronger commodity markets and rising U.S. interest rates will give its business a boost.
The stock fell 2.5% after the results announcement.
Write to Margot Patrick at margot.patrick@wsj.com
(END) Dow Jones Newswires
February 24, 2017 04:20 ET (09:20 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Standard Chartered Chart |
1 Month Standard Chartered Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
