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Deutsche Bank Sticks to Their Hold Rating for Standard Chartered (SCBFF)
[Brokerage Focus] HAITONG INT'L maintains STANCHART (02888) outperform rating, expects the group's net profit in 2025 to grow by 9.6% year-on-year.
Jinwu Financial News | HAITONG INT'L research pointed out that STANCHART (02888) released its full-year performance for 2024. In terms of the same currency, revenue in Q4 2024 increased by 14% year-on-year, excluding the reclassification of deposit insurance expenditure (0.147 billion USD) and one-off significant projects (Egypt Forex revaluation, Ghana super inflation), revenue increased by 12% year-on-year, exceeding guidance. Core profit in Q4 2024 decreased by 13% year-on-year. The company announced a new share buyback of 1.5 billion USD. The previously announced share buyback of 1.5 billion USD in July 2024 has been completed. The core Tier 1 capital adequacy ratio for Q4 2024 is 14.2%, remaining stable quarter-on-quarter, risk.
Bank of America Securities: Maintains STANCHART (02888) "Underperform" rating, raises Target Price to 112 Hong Kong dollars.
Bank of America indicated that Standard Chartered's performance in the fourth quarter was mixed.
Standard Chartered Price Target Raised to 1,390 GBp From 1,180 GBp at JPMorgan
AlphaValue/Baader Europe: Non-interest Income to Drive StanChart's Growth in 2025 Amid Lower Rates
Standard Chartered to Kick Off $1.5 Billion Share Buyback
