The group reported a meagre $153m profit before tax depressed by a $164m negative own credit adjustment and $141m of restructuring charges. Underlying performance showed stable revenues thanks to geographical diversification and supportive fixed income markets. Management remains confident that current investments will support future top-line growth resumption. The group will end the year with a comfortable capital position but the precise timing for dividend payment resumption remains unclea
02 Nov 2016
Stable underlying performance
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Stable underlying performance
Standard Chartered PLC (STAN:LON) | 679 0 0.0% | Mkt Cap: 17,769m
- Published:
02 Nov 2016 -
Author:
David Grinsztajn -
Pages:
3
The group reported a meagre $153m profit before tax depressed by a $164m negative own credit adjustment and $141m of restructuring charges. Underlying performance showed stable revenues thanks to geographical diversification and supportive fixed income markets. Management remains confident that current investments will support future top-line growth resumption. The group will end the year with a comfortable capital position but the precise timing for dividend payment resumption remains unclea