The group’s bottom line proved quite resilient but did not prevent value destruction as illustrated by the CET1 attrition. Quarterly credit charges correspond to lower-than-projected full-year impairments but the jury is still out on that front. The major moving factor could be the future trading income performance if the expected losses do not materialise.
29 Apr 2020
Resilient bottom line but strong CET1 hit
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Resilient bottom line but strong CET1 hit
Standard Chartered PLC (STAN:LON) | 671 -52.3 (-1.1%) | Mkt Cap: 17,542m
- Published:
29 Apr 2020 -
Author:
David Grinsztajn -
Pages:
2
The group’s bottom line proved quite resilient but did not prevent value destruction as illustrated by the CET1 attrition. Quarterly credit charges correspond to lower-than-projected full-year impairments but the jury is still out on that front. The major moving factor could be the future trading income performance if the expected losses do not materialise.