Standard Chartered (SCBFF) Expected to Announce Earnings on Tuesday

Standard Chartered (OTCMKTS:SCBFF) is expected to post its results before the market opens on Tuesday, February 24th. Analysts expect Standard Chartered to post earnings of $0.34 per share and revenue of $4.8160 billion for the quarter.

Standard Chartered Trading Up 2.5%

Shares of Standard Chartered stock opened at $24.82 on Monday. The company has a 50-day moving average of $24.59 and a two-hundred day moving average of $21.49. Standard Chartered has a 12-month low of $10.65 and a 12-month high of $26.45. The stock has a market cap of $56.42 billion, a PE ratio of 13.20 and a beta of 0.52.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCBFF shares. Zacks Research downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Friday, January 9th. Finally, The Goldman Sachs Group raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Chartered currently 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.