tiprankstipranks
Standard Chartered Advances Share Buy-Back Strategy
Company Announcements

Standard Chartered Advances Share Buy-Back Strategy

Story Highlights

Stay Ahead of the Market:

An announcement from Standard Chartered ( (GB:STAN) ) is now available.

Standard Chartered PLC has announced a purchase of 563,246 of its own ordinary shares as part of a share buy-back program, with prices ranging from 1,004.50 to 1,031.50 pence per share. This strategic move is expected to enhance shareholder value by reducing the number of shares in circulation, while the company continues to operate within regulatory frameworks and aims to maintain its competitive position in the financial services market.

More about Standard Chartered

Standard Chartered PLC is a leading international banking group, operating in the financial services industry. The company offers a range of services including retail banking, corporate banking, and wealth management, with a strong focus on emerging markets in Asia, Africa, and the Middle East.

YTD Price Performance: 2.94%

Average Trading Volume: 6,336

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $30.28B

For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles