Standard Chartered (OTCMKTS:SCBFF) Announces Quarterly Earnings Results

Standard Chartered (OTCMKTS:SCBFF) announced its earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10, Zacks reports.

Standard Chartered Stock Performance

Shares of SCBFF stock remained flat at $26.59 on Wednesday. 750 shares of the company were exchanged. The company’s fifty day moving average price is $29.02 and its 200 day moving average price is $26.15. Standard Chartered has a 12-month low of $19.28 and a 12-month high of $31.98.

Wall Street Analyst Weigh In

SCBFF has been the subject of several research reports. Keefe, Bruyette & Woods upgraded Standard Chartered from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 14th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Wednesday, September 23rd. UBS Group lowered shares of Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Barclays upgraded shares of Standard Chartered from an “equal weight” rating to an “overweight” rating in a report on Wednesday, October 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy”.

Standard Chartered Company Profile

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.