|Bid||550.00 x 0|
|Ask||598.00 x 0|
|Day's range||585.60 - 592.20|
|52-week range||406.20 - 641.00|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||8.81|
|Earnings date||16 Feb 2023|
|Forward dividend & yield||0.11 (1.85%)|
|Ex-dividend date||11 Aug 2022|
|1y target est||7.56|
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Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said. The London-headquartered lender has been beefing up its transaction banking and financial markets businesses, betting the two regions will still see economic growth while many Western countries face contraction, said Simon Cooper, StanChart's CEO of corporate, commercial and institutional banking business.
Standard Chartered believes positivity about oil demand growth may be premature, reducing its forecast by 400,000 bpd year-over-year in the fourth quarter