Standard Chartered (SCBFF) Projected to Post Earnings on Wednesday

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

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Standard Chartered had a net margin of 13.79% and a return on equity of 10.84%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations 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 $25.72 on Monday. Standard Chartered has a twelve month low of $18.36 and a twelve month high of $31.98. The firm’s fifty day simple moving average is $29.15 and its 200-day simple moving average is $27.36. The firm has a market capitalization of $58.47 billion, a price-to-earnings ratio of 12.24 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Keefe, Bruyette & Woods raised Standard Chartered from a “hold” rating to a “moderate buy” rating in a report on Monday, September 14th. Barclays raised Standard Chartered from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Wednesday, September 23rd. Finally, UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy”.

About Standard Chartered

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.