Standard Chartered (OTCMKTS:SCBFF) Shares Gap Up - Still a Buy?

Key Points

• Standard Chartered PLC shares gapped up from a previous close of $17.39 to open at $18.11, reflecting an increase of approximately 4.1%.
• The company reported a quarterly earnings per share (EPS) of $0.74, exceeding analysts' expectations of $0.60, with revenue of $5.51 billion compared to forecasts of $5.07 billion.
• Standard Chartered holds a market capitalization of $40.81 billion and has key financial ratios including a P/E ratio of 9.66 and a net margin of 12.27%.

Shares of Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $17.39, but opened at $18.11. Standard Chartered shares last traded at $18.11, with a volume of 432 shares trading hands.

Standard Chartered Price Performance

The firm has a market capitalization of $45.04 billion, a P/E ratio of 10.66 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average price of $17.43 and a 200-day moving average price of $15.53.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. On average, analysts expect that Standard Chartered PLC will post 1.66 earnings per share for the current 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.