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Standard Chartered PLC (SCBFF)
OTHER OTC:SCBFF
Holding SCBFF?
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2019
|% Change Since: 13.72%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong growth in income and profit, an upgrade in guidance, and increased shareholder distributions. However, there are challenges, particularly regarding future NII growth and specific credit impairments. Overall, the positive elements outweigh the concerns.Company Guidance
During the Q3 2024 earnings call for STAN.L, the executives announced an impressive performance with a 12% increase in income and a 41% rise in profit before tax. As a result, they upgraded the annual income growth guidance to 10% for 2024. The company is targeting a return on tangible equity (RoTE) of 13% by 2026, up from the previous guidance of 12%. They also increased their shareholder distribution target from at least $5 billion to $8 billion by 2026. The group's wealth management and global markets segments showed remarkable growth, with wealth solutions income up by 32%, driven by a 40% increase in investment products. The call highlighted strategic plans to shift focus towards high-returning areas, with $1.5 billion earmarked for investment in wealth management over five years and a reduction of 3,000 CIB clients to enhance capital efficiency. Additionally, a strong CET1 ratio of 14.2% was reported, factoring in a share buyback impact, and the tangible net asset value per share increased by $0.65 in the quarter.Strong Profit and Income Growth
Income increased by 12% and profit before tax rose by 41% in the third quarter, driven by record performance in Wealth Solutions and double-digit growth in Global Markets.
Upgraded Guidance and Shareholder Distribution
The guidance for income growth is upgraded towards 10%, and the shareholder distribution target is increased from at least $5 billion to at least $8 billion over the 3 years to 2026.
Record Performance in Wealth Solutions
Wealth Solutions saw a record quarter with income up 32%, driven by investment products up 40% and bancassurance income up 16%.
Increase in Tangible Net Asset Value
Tangible net asset value per share increased by $0.65 in the quarter and is up 18% year-on-year.
CET1 Ratio and Share Buyback Impact
CET1 ratio of 14.2% includes the full 62 basis points impact of the $1.5 billion share buyback.
Strategic Focus on High-Return Segments
The bank is doubling investment in Wealth Management for affluent clients and focusing on high-growth network corridors in CIB.
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SCBFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SCBFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $11.30 | $11.82 | +4.60% |
| Jul 30, 2024 | $9.09 | $9.63 | +5.94% |
| May 02, 2024 | $8.58 | $9.23 | +7.58% |
| Feb 23, 2024 | $7.39 | $8.15 | +10.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Standard Chartered PLC (SCBFF) report earnings?
Standard Chartered PLC (SCBFF) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Standard Chartered PLC (SCBFF) earnings time?
Standard Chartered PLC (SCBFF) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCBFF EPS forecast?
SCBFF EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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