- Fool.co.uk•8 hours ago
Could it be time to catch falling knives Standard Chartered plc (LON: STAN) and BT Group plc (LON: BT.A)?
Nomura Holdings Inc. disposed of a stake in Standard Chartered Plc valued at almost $500 million on behalf of an unidentified investor, according to people familiar with the matter.
StanChart set aside just $200 million in provisions against bad loans for the first quarter, 58 percent lower than a year ago, lifting its shares 5 percent on Wednesday. The bank has since tightened limits on who can make decisions about such big loans and decreased internal limits for exposure to a single client, Andy Halford said on Thursday. "Today we'd not be lending in such large amounts to some of those clients," Halford, adding that the bank remains cautious and that bad loans could still rise if market conditions worsen.
SCBFF: Summary for STANDARD CHARTERED.5 - Yahoo Finance
Standard Chartered PLC (SCBFF)
Other OTC - Other OTC Delayed price. Currency in USD
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|Day's range||9.50 - 9.50|
|52-week range||7.71 - 10.17|
Trade prices are not sourced from all markets
|PE ratio (TTM)||-65.52|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|