Standard Chartered (SCBFY) to Release Quarterly Earnings on Wednesday

Standard Chartered (OTCMKTS:SCBFY) will likely be releasing its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $1.32 per share and revenue of $5.5928 billion for the quarter.

Standard Chartered Stock Performance

Shares of Standard Chartered stock opened at $56.88 on Monday. The firm has a fifty day moving average of $54.52 and a two-hundred day moving average of $50.25. Standard Chartered has a one year low of $34.97 and a one year high of $58.20.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.