Standard Chartered (SCBFY) Projected to Post Quarterly Earnings on Wednesday

Standard Chartered (OTCMKTS:SCBFY) is anticipated to post its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $1.33 per share and revenue of $5.6095 billion for the quarter.

Standard Chartered Trading Up 2.4%

Shares of OTCMKTS SCBFY opened at $56.74 on Wednesday. The firm’s 50-day simple moving average is $54.17 and its 200 day simple moving average is $50.11. Standard Chartered has a 12-month low of $34.97 and a 12-month high of $58.20.

Wall Street Analysts Forecast Growth

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

Standard Chartered Company Profile

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.