Standard Chartered Share Price (STAN)

...seems the CEO is indeed doing exactly what the Analysts have been asking for, along with news that impairments from China have almost finished ....hence some good support today

Agree. Lagging behind peers this year. A lot more to come here

I would expect to see some pretty hefty Broker Upgrades on the back of these results.

A further share buyback could also follow at HY results.

" Operating income up 17% to $5.2bn, up 20% at constant currency (ccy); up 14% at ccy excluding two notable items of $234m reported in Treasury and Other products

Wealth Solutions up 23% at ccy

Underlying profit before tax of $2.1bn, up 27% at ccy; reported profit before tax of $1.9bn, up 8% at ccy

Underlying earnings per share (EPS) increased 15.3 cents or 41% to 52.9 cents; Reported EPS increased 5.8 cents or 14% to 46.5 cents"

The Analysts will like : as these were concerns previously ...

1. We have taken action to create a simpler and more efficient organisation

2. Income-to-cost jaws positive in the quarter

I bought in this am because the p/e is very low and this must surely rise further from here.