Standard Chartered (SCBFY) Projected to Announce Quarterly Earnings on Wednesday

Standard Chartered (OTCMKTS:SCBFY) will likely be announcing its resultson Wednesday, July 29th. Analysts expect Standard Chartered to post earnings of $1.32 per share and revenue of $5.5928 billion for the quarter.

Standard Chartered Stock Performance

SCBFY opened at $56.95 on Tuesday. The business has a fifty day simple moving average of $54.61 and a 200 day simple moving average of $50.30. Standard Chartered has a 1 year low of $34.97 and a 1 year high of $58.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.