Standard Chartered (OTCMKTS:SCBFF) Posts Quarterly Earnings Results

Standard Chartered (OTCMKTS:SCBFF) released its quarterly earnings results on Tuesday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02), Zacks reports. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.82 billion. Standard Chartered had a net margin of 12.84% and a return on equity of 10.88%.

Standard Chartered Trading Up 0.6%

SCBFF stock traded up $0.14 on Wednesday, hitting $24.47. 586 shares of the company’s stock traded hands, compared to its average volume of 5,644. Standard Chartered has a 1-year low of $10.65 and a 1-year high of $26.45. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 13.01 and a beta of 0.52. The stock has a fifty day moving average of $24.63 and a 200-day moving average of $21.57.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SCBFF shares. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, January 14th. The Goldman Sachs Group raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.