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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the repurchase of 548,944 of its ordinary shares at an average price of 1,076.24 pence per share as part of its ongoing share buy-back program. The company plans to cancel these shares, reducing the total number of shares in issue to 2,418,062,887. This strategic move aims to enhance shareholder value and may impact the company’s market positioning by optimizing its capital structure.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company incorporated in England and Wales. It offers a wide range of financial services, focusing primarily on consumer, corporate, and institutional banking across international markets.
YTD Price Performance: 6.46%
Average Trading Volume: 4,976
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32B
See more insights into STAN stock on TipRanks’ Stock Analysis page.
