Relatively upbeat pre-close statement given recently weakening macro environment, re-iterating guidance for full year growth in revenue and earnings per share of over 10 per cent with good revenues and cost control offsetting some minor increase in loan loss provisions.
GARETH HUNT CANACCORD GENUITY
Standard Chartered remains a very strong bank with good liquidity, strong capital ratios, no exposure to European sovereign issuers and no material structured credit book. Were we to see another macro-driven, risk-off period in markets, the bank would be likely to outperform.
RICHARD HUNTER HARGREAVES LANSDOWN
The company has confirmed double digit income growth is expected in a number of regions, including Europe, the Americas and, crucially, China. The company’s reputation for delivering consistent growth has resulted in a share price which for some investors is full enough.