Standard Chartered (SCBFY) Projected to Release Quarterly Earnings on Tuesday

Standard Chartered (OTCMKTS:SCBFY) is anticipated to release its results before the market opens on Tuesday, October 27th. Analysts expect the company to post earnings of $1.13 per share and revenue of $5.63 billion for the quarter.

Standard Chartered Stock Performance

Shares of Standard Chartered stock opened at $55.19 on Tuesday. The firm has a fifty day simple moving average of $59.85 and a 200-day simple moving average of $55.37. Standard Chartered has a 1-year low of $37.32 and a 1-year high of $63.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Standard Chartered from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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, institutions and governments, with a primary focus on markets across Asia, Africa and the Middle East, as well as operations in the United Kingdom and other global financial centers.

The group’s businesses include corporate and institutional banking, commercial banking, wealth management, private banking and retail banking.