|Bid||443.20 x 0|
|Ask||443.60 x 0|
|Day's range||435.60 - 446.40|
|52-week range||334.25 - 533.20|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||22.41|
|Earnings date||28 Jul 2021 - 02 Aug 2021|
|Forward dividend & yield||0.06 (1.37%)|
|Ex-dividend date||04 Mar 2021|
|1y target est||8.78|
Here's what you need to know as first-half results play out on Tuesday.
(Bloomberg) -- Standard Chartered Plc is resuming interim dividends and starting a share buyback after reduced credit losses helped it beat estimates in the second quarter, the latest bank to bolster payouts as the economic outlook improves.The London-headquartered lender made an underlying pretax profit of $1.24 billion, ahead of analyst estimates. Boosting Standard Chartered was a release of loan provisions, compared with a $611 million reserve a year ago.“The recovery from the COVID-19 pandem
StanChart announced a $250 million share buyback and resumption of interim dividend payments worth 3 cents per share, or $94 million in total, joining other banks in rewarding shareholders after year-long regulatory curbs on payouts were removed last month. Having spent the early years since his appointment in 2015 fixing StanChart's battered balance sheet and slashing costs, Chief Executive Bill Winters has in recent years tried to restore growth. Pretax profit for StanChart rose to $2.55 billion in January-June from $1.63 billion in the same period last year, the London-headquartered bank said, slightly above the average of analysts' forecasts.