UBS Group upgraded shares of Standard Chartered (OTCMKTS:SCBFF – Free Report) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.
Separately, Berenberg Bank raised shares of Standard Chartered to a strong-buy rating in a report on Tuesday, May 7th.
View Our Latest Analysis on SCBFF
Standard Chartered Stock Performance
Standard Chartered (OTCMKTS:SCBFF – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $5.13 billion for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. On average, sell-side analysts anticipate that Standard Chartered will post 1.66 EPS for the current fiscal year.
About Standard Chartered
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.
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