Standard Chartered PLC
STAN: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 528.00 | Cccyp | Qpkzlrndy |
Standard Chartered's Q3 Result Solid on Improving NIM
As expected, Standard Chartered’s strong third-quarter result was underpinned by higher interest income in a rising interest rate environment. Income increased by 15% to USD 4.3 billion while good cost control saw underlying profit before tax increasing 32% to USD 1.4 billion.