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Pin to quick picksStandard Chartered Share News (STAN)

Share Price Information for Standard Chartered (STAN)

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Share Price: 784.60
Bid: 784.20
Ask: 784.60
Change: 3.00 (0.38%)
Spread: 0.40 (0.051%)
Open: 782.40
High: 789.00
Low: 780.80
Prev. Close: 781.60
STAN Live PriceLast checked at -

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Friday preview: German GDP, StanChart in focus

Thu, 22nd Feb 2024 17:07

(Sharecast News) - Investors' attention at the end of the week will be on the euro area's largest economy.

At 0700 GMT, the German Federal Office of Statistics will release fourth quarter gross domestic product growth data.

It will be followed at 0900 GMT by the IFO institute's business confidence index for the month of February.

On home shores, overnight consultancy GfK will publish the results of its consumer confidence survey for February.

No major economic releases are scheduled in the U.S..

On the corporate side of things, it will be StanChart's turn to update investors.

UBS analyst Jason Napier has penciled-in roughly flat net interest income in quarter-on-quarter terms of $2.38bn.

Underlying profit before tax meanwhile was seen at $816m, which would be down by 38% on the quarter but 27% higher year-on-year.

The quarterly dividend was pegged at 17.4 US cents with a $750m share buyback programme expected to be announced alongside.

Napier said that the markets' focus would especially be on the outlook for 2024, particularly for net interest income given expectations in markets for lower US rates.

"At a 50% discount to tangible book value and an implied COE towards the higher end of our European bank coverage, we think the stock is not pricing the recovery potential of the tactical hedge, the Ventures business and improvement in Financial Markets capabilities."

"But, as a bank with substantial Fed Funds rate gearing the new targets will have to do the heavy lifting in the face of rate cuts to attract new investors, in our view."

Friday 23 February

INTERIMS

City of London Investment Group, City of London Investment Group

INTERIM DIVIDEND PAYMENT DATE

Ferrexpo

QUARTERLY PAYMENT DATE

Octopus Renewables Infrastructure Trust , Primary Health Properties

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Gross Domestic Product (GER) (07:00)

FINALS

Afarak Group SE (DI), Allianz Technology Trust

SPECIAL DIVIDEND PAYMENT DATE

Capital Gearing Trust, Hollywood Bowl Group, Impellam Group

EGMS

Marble Point Loan Financing Limited NPV, ZCCM Investments Holdings 'B' Shares, Zhejiang Yongtai Technology Co. GDR (EACH Repr 5 A SHS) (REG S), Zhejiang Yongtai Technology Co. GDR (EACH Repr 5 A SHS) (REG S)

AGMS

Bluebird Merchant Ventures (DI), Chemring Group

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

FINAL DIVIDEND PAYMENT DATE

Gooch & Housego, Hollywood Bowl Group, RWS Holdings, Victrex plc

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26 Feb 2024 09:07

LONDON BROKER RATINGS: Jefferies raises ITM Power to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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23 Feb 2024 16:57

LONDON MARKET CLOSE: FTSE 100 ends day higher but suffers weekly loss

(Alliance News) - Large-cap stock prices in Europe closed higher on Friday, with Standard Chartered leading the charge in the FTSE 100.

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23 Feb 2024 16:07

London close: FTSE rises on back of StanChart cheer

(Sharecast News) - London stocks finished with a mixed performance on Friday, as Standard Chartered underpinned the top-flight index following its announcement of a $1bn share buyback programme.

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23 Feb 2024 12:06

LONDON MARKET MIDDAY: StanChart prospers while stocks take a breather

(Alliance News) - Stock prices in London faltered at midday Friday, despite strong gains by Standard Chartered, as the wave of euphoria after Nvidia's blow-out earnings began to fade.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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23 Feb 2024 08:47

LONDON MARKET OPEN: Stocks mixed; StanChart drives FTSE 100 higher

(Alliance News) - Stock prices in London opened mixed on Friday, with the FTSE 100 lifted by well-received results from Standard Chartered.

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23 Feb 2024 07:45

LONDON BRIEFING: Coca-Cola Europacific completes Philippines buy

(Alliance News) - Stocks in London are expected to edge into the red at Friday's market open, failing to capitalise on the AI-driven gains seen in other global equity markets.

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23 Feb 2024 07:02

StanChart in $1bn buyback as profits rise, but trims income forecast

(Sharecast News) - Shares in Standard Chartered on Friday soared after the Asia-focused bank unveiled a new $1bn buyback, increased dividend and higher annual profits, but reined in guidance on income for the current year.

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23 Feb 2024 06:50

LONDON MARKET EARLY CALL: FTSE to open flat despite record gains in NY

(Alliance News) - Stocks in London are set to open flat on Friday, continuing to miss out on the AI-driven gains seen in equity markets across the globe.

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23 Feb 2024 05:48

TOP NEWS: StanChart to launch USD1 billion buyback as profit jumps

(Alliance News) - Standard Chartered PLC on Friday announced a new USD1 billion share buyback, as it reported a double-digit profit rise for 2023.

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16 Feb 2024 15:15

UK earnings, trading statements calendar - next 7 days

Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Antofagasta PLCFull Year Results
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
Thursday 22 February 
Anglo American PLCFull Year Results
Genus PLCHalf Year Results
Hargreaves Lansdown PLCHalf Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Indivior PLCFull Year Results
Jupiter Fund Management PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
ME Group International PLCFull Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
WPP PLCFull Year Results
Friday 23 February 
City of London Investment Group PLCHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
Standard Chartered PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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16 Feb 2024 14:59

London close: Stocks rise as UK retail sales rebound

(Sharecast News) - London's stock markets saw positive gains on Friday, buoyed by encouraging UK retail sales data and favourable earnings reports from NatWest.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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24 Jan 2024 16:31

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.

Read more

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