Standard Chartered (OTCMKTS:SCBFF) Shares Gap Up - Here's Why

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%.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) gapped up prior to trading 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 traded.

Standard Chartered Stock Up 0.6%

The stock has a market capitalization of $40.81 billion, a P/E ratio of 9.66 and a beta of 0.77. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.84 and a current ratio of 0.84. The company's 50-day moving average price is $17.16 and its 200 day moving average price is $15.39.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.60 by $0.14. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.07 billion. As a group, equities 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.

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