Standard Chartered (OTCMKTS:SCBFF) Posts Earnings Results

Standard Chartered (OTCMKTS:SCBFF) released its earnings results on Tuesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02), Zacks reports. The business had revenue of $4.89 billion during 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%

Shares of SCBFF stock traded up $0.14 during midday trading on Wednesday, reaching $24.47. 586 shares of the stock were exchanged, 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 firm has a market cap of $55.62 billion, a PE ratio of 13.01 and a beta of 0.52. The company’s 50 day moving average is $24.63 and its two-hundred day moving average is $21.57.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SCBFF. The Goldman Sachs Group upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, January 14th. Finally, Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Standard Chartered

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.