Standard Chartered (OTCMKTS:SCBFF) Announces Earnings Results

Standard Chartered (OTCMKTS:SCBFF) posted its earnings results on Thursday. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10, Zacks reports. Standard Chartered had a return on equity of 10.77% and a net margin of 12.86%.

Standard Chartered Price Performance

SCBFF stock traded up $1.81 during trading on Thursday, hitting $25.44. The stock had a trading volume of 3,643 shares, compared to its average volume of 9,255. The stock has a market cap of $57.83 billion, a price-to-earnings ratio of 13.53 and a beta of 0.58. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average price is $22.43 and its two-hundred day moving average price is $22.60. Standard Chartered has a 1-year low of $13.65 and a 1-year high of $26.45.

Wall Street Analyst Weigh In

SCBFF has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Monday, April 13th. Finally, BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Standard Chartered

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.