Standard Chartered (OTCMKTS:SCBFF) Releases Quarterly Earnings Results

Standard Chartered (OTCMKTS:SCBFF) posted its quarterly earnings data on Friday. The company reported $0.28 earnings per share for the quarter, Zacks reports. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%.

Standard Chartered Stock Performance

Shares of Standard Chartered stock traded down $0.10 during trading hours on Friday, hitting $14.28. 2,298 shares of the company were exchanged, compared to its average volume of 3,587. Standard Chartered has a 1 year low of $7.43 and a 1 year high of $14.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average of $12.84 and a 200-day moving average of $11.45. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 12.86 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

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.