trending Market Intelligence /marketintelligence/en/news-insights/trending/yn-n47cmsodcxpmowilgdq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

StanChart H1 attributable profit rises YOY to $1.56B; interim dividend resumed

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


StanChart H1 attributable profit rises YOY to $1.56B; interim dividend resumed

Standard Chartered PLC reported first-half profit attributable to parent company shareholders of $1.56 billion, up from $1.20 billion a year earlier.

EPS for the period was 40.2 cents, compared to the year-ago 29.2 cents.

Net interest income rose on a yearly basis to $4.36 billion from $3.97 billion. Net fee and commission income also increased to $1.87 billion from $1.73 billion.

Net interest margin stood at 1.6%, unchanged from the first half of 2017.

StanChart booked a credit impairment of $214 million in the six months ended June 30, down from the year-ago $655 million. Other impairment charges also declined year over year, to $50 million from $93 million.

Operating expenses increased year over year to $5.19 billion from $4.87 billion. The bank noted that expenses in the second half, excluding the U.K. bank levy, are expected to be similar to the first half of the year. The levy, which applies to certain U.K. banks and the U.K. operations of foreign banks, is charged in December and is estimated to be around $310 million.

Underlying return on equity was 6.7% at the end of June, up from 5.2% a year ago.

The British lender's common equity Tier 1 ratio stood at 14.2% as of June 30, up from 13.6% at the end of 2017 and 13.8% a year earlier. The U.K. leverage ratio was 5.8% at the end of June, compared to 6.0% at 2017-end.

Given the group's improved financial performance and strong capital position, the board recommended resuming an interim dividend at 6 cents per share. The bank did not pay an interim dividend in 2016.

StanChart noted it has achieved its four-year $2.9 billion gross cost efficiency target six months ahead of plan.