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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has announced the purchase of 537,046 ordinary shares as part of its ongoing share buy-back program, with the shares acquired from Goldman Sachs International. This strategic move is aimed at enhancing shareholder value through capital management, as the company plans to cancel the purchased shares, reducing the total number of shares in issue and consequently the voting rights.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales. The company provides a wide range of financial services, including personal and corporate banking, wealth management, and investment solutions, with a strong market focus in Asia, Africa, and the Middle East.
YTD Price Performance: 0.91%
Average Trading Volume: 6,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.79B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.
