Standard Chartered (OTCMKTS:SCBFF) Stock Price Up 1.7% - Time to Buy?

Key Points

• Standard Chartered PLC shares rose by 1.7%, trading at $17.95 after reaching a high of $18.09, with a volume increase from the average session.
• The company reported $0.61 earnings per share, exceeding estimates by $0.03, along with a revenue of $5.39 billion for the last quarter.
• Standard Chartered has a market capitalization of $41.89 billion and a P/E ratio of 12.21, reflecting a stable financial position.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) rose 1.7% on Monday . The stock traded as high as $18.09 and last traded at $17.95. Approximately 3,027 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 2,982 shares. The stock had previously closed at $17.65.

Standard Chartered Stock Performance

The company has a market capitalization of $42.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.73. 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 firm has a 50-day simple moving average of $16.52 and a two-hundred day simple moving average of $14.95.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.07 billion. Standard Chartered had a return on equity of 9.52% and a net margin of 10.44%. On average, sell-side analysts anticipate that Standard Chartered PLC 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.