The group posted a mixed set of results in the second quarter, showing some revenue attrition but, above all, strong cost inflation, both offset by non-sustainable own debt gains and provision recoveries.
31 Jul 2018
Subdued and not yet sustainable performance
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Subdued and not yet sustainable performance
Standard Chartered PLC (STAN:LON) | 671 -52.3 (-1.1%) | Mkt Cap: 17,542m
- Published:
31 Jul 2018 -
Author:
David Grinsztajn -
Pages:
2
The group posted a mixed set of results in the second quarter, showing some revenue attrition but, above all, strong cost inflation, both offset by non-sustainable own debt gains and provision recoveries.