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The latest update is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has announced the repurchase of 534,522 of its own ordinary shares as part of a previously announced buy-back program. The company plans to cancel these shares, which will reduce the total number of ordinary shares in issue to 2,422,834,057. This move is part of a strategic effort to optimize the capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a prominent financial services company incorporated in England and Wales, operating primarily in the banking industry. The company offers a wide range of banking products and services, focusing on emerging markets across Asia, Africa, and the Middle East.
YTD Price Performance: 2.73%
Average Trading Volume: 6,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.36B
Learn more about STAN stock on TipRanks’ Stock Analysis page.
