Standard Chartered PLC
02888: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$18.00 | Fjhgw | Pbfkxfys |
Standard Chartered's Medium-Term Focus Is on Increasing Returns Toward Cost of Capital
Business Strategy and Outlook
Standard Chartered’s massive upheaval has delivered improved profitability, with the bank now looking to increase returns closer to its cost of capital. The turnaround has been difficult, but CEO Bill Winters' approach appears to be working. He has addressed issues with risk controls, culture, and cost base, and the group has begun to trim markets and products where it lacks the scale to be competitive.