- Standard Chartered‘s adjusted operating expenses for the first half of 2024 were $5.67 billion.
- This met analysts’ estimates of $5.71 billion.
- The bank reported an adjusted Return on Tangible Equity (RoTE) of 14%.
- Stock analyst ratings for the bank include 13 buys, 10 holds, and 1 sell.
A look at Standard Chartered Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Standard Chartered PLC, an international banking group with a strong presence in Asia, Africa, and the Middle East, is positioned favorably for long-term growth and value. Its Smartkarma Smart Scores reveal promising indicators across different factors. Notably, the company receives high ratings for Value and Growth, suggesting that it is currently undervalued and has significant growth potential. Additionally, a solid score in Momentum implies positive market sentiment and improving performance.
Despite facing challenges in terms of Resilience, Standard Chartered‘s overall outlook appears positive, with a balanced combination of strengths in different areas. While the company’s Dividend score is moderate, its strong positioning in Value, Growth, and Momentum indicates a promising trajectory for investors seeking long-term growth opportunities in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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