Standard Chartered PLC
STAN: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!Md | LOCK|gqG | LOCK|Y%RCfp$ |
Standard Chartered Earnings: Buyback Program and Modest Guidance Lift Positive; Shares Fairly Valued
Standard Chartered's, or StanChart's, second-quarter operating income rose 8% year on year, excluding last year's one-off disposal gain, as loan growth offset lower interest rates, and wealth and global banking drove strong noninterest income. Pretax profit grew only 2% due to higher credit costs.
