The quarterly results were broadly in line with expectations. Post release consensus updates are stable for 2017 and up for 2018. The post-release share price’s negative reaction (-6%), which was partly reversed the day later (+3%), probably mainly reflects the capital consumption inflation and some doubts about the group’s ability to solve its profitability issue in a context of increased competitive pressure from domestic and alternative players. We suspect the capital issue is
03 Nov 2017
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Standard Chartered PLC (STAN:LON) | 664 34.6 0.8% | Mkt Cap: 17,266m
- Published:
03 Nov 2017 -
Author:
David Grinsztajn -
Pages:
3
The quarterly results were broadly in line with expectations. Post release consensus updates are stable for 2017 and up for 2018. The post-release share price’s negative reaction (-6%), which was partly reversed the day later (+3%), probably mainly reflects the capital consumption inflation and some doubts about the group’s ability to solve its profitability issue in a context of increased competitive pressure from domestic and alternative players. We suspect the capital issue is