StanChart posts 'strong' first half, confident on full-year outlook
29th Jul 2022 07:27
(Sharecast News) - StanChart shares jumped at the end of the week after delivering what the lender itself labelled a "strong" set of first half figures, announced a new $500m share buyback programme and expressed confidence on its full-year targets.
Read moreChinese producer price inflation eases in June, but CPI gains accelerate
9th Jul 2022 19:11
(Sharecast News) - Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
Read moreCredit Suisse sees value in UK Banks, Lloyds remains 'top pick'
5th Jul 2022 10:57
(Sharecast News) - Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Read moreBoE says UK banks no longer too big to fail
10th Jun 2022 07:46
(Sharecast News) - Britain's major banks are no longer too big to fail and could still provide vital services in a crisis without a taxpayer bailout, the Bank of England said, although it said three lenders had fallen short of meeting requirements.
Read moreJefferies sees StanChart announcing share buy-back reload alongside Q2 results
8th Jun 2022 13:41
(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation for shares of StanChart, highlighting the potential now for the lender to re-load its buy-back programme for the second quarter.
Read moreBerenberg hikes target price on Standard Chartered
29th Apr 2022 11:07
(Sharecast News) - Analysts at Berenberg hiked their target price on financial services company Standard Chartered from 640.0p to 750.0p on Friday, citing a "moment of clarity" for growth and returns.
Read moreWith PE at 30-year low, BoA reiterates 'buy' on StanChart
28th Apr 2022 10:45
(Sharecast News) - Analysts at Bank of America hiked their target price for shares of StanChart following the lender's better-than-expected first quarter numbers.
Read moreStandard Chartered Q1 profits beat forecasts on rising global rates
28th Apr 2022 07:30
(Sharecast News) - Asia-focused bank Standard Chartered on Thursday reported a better-than-expected 6% rise in first-quarter profit, boosted by rising global interest rates.
Read moreStandard Chartered quits multiple African markets
14th Apr 2022 10:34
(Sharecast News) - Standard Chartered is quitting six African countries and shutting its consumer banking businesses in a further two to concentrate on more profitable markets.
Read moreDeutsche Bank reiterates 'buy' on StanChart, says higher rates will boost profits
17th Mar 2022 10:20
(Sharecast News) - Robert Noble at Deutsche Bank reiterated his 'buy' recommendation for shares of StanChart, forecasting that the lender's profitability was set to expand significantly through 2024, boosted by interest rates.
Read moreStanChart in $750m buyback, China investment as profits miss estimates
17th Feb 2022 07:20
(Sharecast News) - Standard Chartered on Thursday unveiled a $750m share buyback, lifted profit targets and pledged higher investment in China, despite annual results missing estimates.
Read morePBoC cuts key lending rates by less than expected
20th Jan 2022 08:25
(Sharecast News) - China's central bank trimmed two key lending rates overnight in a bid to bolster activity in the country's property sector and in order to help small businesses.
Read moreRichmond Fed's Barkin tells WSJ that March rate hike is "conceivable"
10th Jan 2022 10:51
(Sharecast News) - A top US central bank official told the Wall Street Journal that an interest rate increase was "conceivable" at the Federal Reserve's March policy meeting.
Read moreBoA says prospects for HSBC share buybacks brightening
4th Jan 2022 15:28
(Sharecast News) - Analysts at Bank of America raised their target price for shares of HSBC, telling clients that the prospects for share buybacks by the lender were brightening.
Read moreStandard Chartered fined £46.55m for misreporting liquidity position
20th Dec 2021 07:43
(Sharecast News) - The Bank of England has slapped Standard Chartered with a £46.55m for repeatedly misreporting its liquidity position to the Prudential Regulation Authority.
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