An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 1,201,982 of its ordinary shares as part of a share buy-back program. This move is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value. The purchased shares will be canceled, reducing the total number of shares in issue to 2,400,396,113, which will also be the total number of voting rights. This action reflects Standard Chartered’s commitment to optimizing its financial operations and maintaining regulatory compliance.
More about Standard Chartered
Standard Chartered PLC is a prominent financial services company incorporated in England and Wales, focusing on banking and financial services. The company operates globally, offering a wide range of services including retail and corporate banking, wealth management, and investment solutions, with a particular focus on emerging markets.
YTD Price Performance: 23.57%
Average Trading Volume: 4,302
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $35.2B
See more insights into STAN stock on TipRanks’ Stock Analysis page.