ANALYST VIEWS: WHAT DO YOU MAKE OF STANDARD CHARTERED’S RESULTS?
NIC CLARKE | CHARLES STANLEY RESEARCH
“Our recommendation is ‘accumulate’. Standard Chartered remains our preferred favoured stock in the UK banking sector. It appears the bad debt position has improved. The performance of the wholesale bank is strong but we would like to see an improved share of group profits from consumer banking.”
RICHARD CURR | PRIME CFDS
“We view Standard Chartered as a ‘buy’, not only on the basis of the strong figures reported this morning, but also based on the consistency of performance when compared with sector rivals during and in the aftermath of the financial crisis. That there are no new bad debt charges is the icing on the cake.”
MANOJ LADWA | ETX CAPITAL
“Standard Chartered’s focus on Asia is paying dividends. Investors will be encouraged by not only the growth in both wholesale and consumer banking, but also the bank’s positive liquidity position. But as rivals increase their presence in Asia, investors will be looking for the bank to maintain momentum.”