Standard Chartered (OTCMKTS:SCBFF) Announces Earnings Results, Beats Estimates By $0.14 EPS

Key Points

• Standard Chartered reported a quarterly earnings per share of $0.74, exceeding analysts' estimates of $0.60 by $0.14.
• The company achieved a revenue of $5.51 billion for the quarter, surpassing analyst predictions of $5.07 billion.
• As of Friday, Standard Chartered's share price rose to $18.15, with a market cap of $42.35 billion.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.14, Zacks reports. Standard Chartered had a net margin of 10.44% and a return on equity of 9.52%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion.

Standard Chartered Price Performance

Shares of OTCMKTS SCBFF traded up $0.38 during trading on Friday, hitting $18.15. 5,062 shares of the company were exchanged, compared to its average volume of 22,029. The company has a market cap of $42.35 billion, a price-to-earnings ratio of 12.35 and a beta of 0.73. Standard Chartered has a 1 year low of $8.53 and a 1 year high of $18.38. The firm's fifty day moving average price is $16.52 and its 200 day moving average price is $14.95. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.84 and a quick ratio of 0.84.

Standard Chartered Company Profile

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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