Standard Chartered PLC
STAN
ISIN GB0004082847 / Valor 1110646
Standard Chartered PLC
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About company
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. The company operates a network of more than 1,200 branches and outlets across more than 70 countries, primarily in Asia, Africa, and the Middle East. Standard Chartered provides a range of banking services including retail, corporate, and institutional banking, as well as wealth management and treasury services.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Operating Income
In the third quarter of 2024, Standard Chartered PLC reported an underlying operating income of $4.9 billion, marking a 12% increase compared to the same period in 2023. This represents the best third-quarter performance since 2015, driven by a 9% rise in net interest income and a 15% increase in non-interest income.
Profit Before Taxation
Standard Chartered PLC's underlying profit before taxation for Q3 2024 was $1.8 billion, reflecting a 41% increase from the previous year. This growth was supported by a positive income-to-cost jaws of 9% and a credit impairment charge of $178 million, equivalent to an annualised loan-loss rate of 21 basis points.
Net Interest Margin
The net interest margin for Standard Chartered PLC in Q3 2024 was reported at 1.95%, showing an improvement from the previous quarter. This was attributed to the roll-off of short-term hedges and an improved mix from Treasury activities, contributing to the overall increase in net interest income.
Liquidity and Capital Position
Standard Chartered PLC maintained a strong liquidity and capital position in Q3 2024, with a liquidity coverage ratio of 143%. The bank's diverse and stable deposit base, along with disciplined asset and liability management, supported this robust liquidity position.
Shareholder Returns
Standard Chartered PLC plans to return at least $8 billion to shareholders cumulatively from 2024 to 2026, an increase from the previous guidance of at least $5 billion. This reflects the bank's confidence in its financial performance and commitment to delivering value to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
30119 M
Market cap (USD)
1,288,872
Daily traded volume (Shares)
9.962 / 9.83
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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