The quarterly results were broadly in line with our expectations, be it at the top- or bottom-line level. They confirmed the stabilisation in revenues and the accretive impact of the exit of non-core assets on regulatory or asset quality ratios. The confirmed delivery of cost savings over the next two years will keep the cost base at current levels, making the group’s profits strongly geared to any revenue growth resumption.
27 Feb 2017
Confirmed revenue stabilisation and non-core assets rundown accretion
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Confirmed revenue stabilisation and non-core assets rundown accretion
Standard Chartered PLC (STAN:LON) | 657 -28.9 (-0.7%) | Mkt Cap: 17,076m
- Published:
27 Feb 2017 -
Author:
David Grinsztajn -
Pages:
2
The quarterly results were broadly in line with our expectations, be it at the top- or bottom-line level. They confirmed the stabilisation in revenues and the accretive impact of the exit of non-core assets on regulatory or asset quality ratios. The confirmed delivery of cost savings over the next two years will keep the cost base at current levels, making the group’s profits strongly geared to any revenue growth resumption.