Standard Chartered (OTCMKTS:SCBFF) Announces Quarterly Earnings Results

Standard Chartered (OTCMKTS:SCBFF) released its quarterly earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06, Zacks reports. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%.

Standard Chartered Stock Performance

SCBFF remained flat at $28.00 during midday trading on Wednesday. The company’s stock had a trading volume of 2,180 shares, compared to its average volume of 32,543. The business has a fifty day moving average of $26.86 and a 200 day moving average of $24.74. The stock has a market cap of $63.66 billion, a price-to-earnings ratio of 13.66 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. Standard Chartered has a 12 month low of $17.39 and a 12 month high of $29.12.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SCBFF. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. UBS Group lowered Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.