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Standard Chartered
(LSE:STAN)
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Rating:68Neutral
Price Target:
2,135.00 p
▼(-0.23% Downside)
Action:Reiterated
Date:07/30/26
The score is primarily held back by weak recent cash-flow quality (large negative operating/free cash flow in 2023–2025) and elevated leverage despite improved profitability. Offsetting factors are a supportive technical uptrend (price above key moving averages), a reasonable valuation (P/E ~13.3 with a ~2.14% yield), and a generally positive earnings call featuring upgraded 2026 income guidance and meaningful capital returns, tempered by credit overlays and NII headwinds.
Positive Factors
Improving profitability
Profitability has strengthened materially over several years, with higher net income and margins indicating improved earnings capacity across the banking franchise. This provides a stronger base for reinvestment, capital generation and shareholder returns, although future sustainability remains tied to credit and revenue conditions.
Negative Factors
Weak cash generation
The sharp reversal from positive cash generation to deeply negative operating and free cash flow is a material quality concern. If persistent, it could reduce flexibility to fund growth, absorb credit losses or sustain capital returns, making reported earnings less reliable as a guide to distributable cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
Profitability has strengthened materially over several years, with higher net income and margins indicating improved earnings capacity across the banking franchise. This provides a stronger base for reinvestment, capital generation and shareholder returns, although future sustainability remains tied to credit and revenue conditions.
Read all positive factors
Standard Chartered (STAN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£42.47B
Dividend Yield2.63%
Average Volume (3M)5.14M
Price to Earnings (P/E)12.2
Beta (1Y)1.50
Revenue Growth-12.87%
EPS Growth12.23%
CountryUK
Employees81,673
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)2.15
Shares Outstanding2,170,408,200
10 Day Avg. Volume4,879,541
30 Day Avg. Volume5,135,838
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.06
Price to Sales (P/S)1.40
P/FCF Ratio1.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£2,579.54Price Target Upside20.54% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)2.41
Revenue Forecast (FY)£22.52B
Standard Chartered Business Overview & Revenue Model
Company Description
Standard Chartered PLC, through its various subsidiaries, delivers a wide array of banking and financial services across key global regions, notably Asia, Africa, Europe, the Americas, and the Middle East. The firm operates primarily through two d...
How the Company Makes Money
Standard Chartered primarily makes money through net interest income and non-interest income generated across its banking franchises. Net interest income is earned by taking deposits and other funding (its cost of funds) and deploying those funds ...
Standard Chartered Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call emphasized broad-based operational momentum: upgraded 2026 income guidance, record wealth performance, stronger flow income and Global Banking growth, improved capital returns and a robust CET1 ratio. Key risks noted were proactive Middle East credit overlays, modest NII headwinds from WRB deposit mix and portfolio actions, episodic income comparators and some timing-driven RWA volatility. Overall, management presents a confident growth and capital-return story while acknowledging targeted, precautionary credit overlays and near-term margin headwinds.Positive Updates
Strong P&L and EPS Growth
Group operating income of $5.7B in Q2 (up 3% YoY; up 8% YoY excluding last year's Solv gain). Record first half EPS up 17% YoY; profit before tax $2.3B and return on tangible equity (RoTE) of 17.9% in Q2.
Negative Updates
Middle East Overlays and Early Alerts Increase
Took $44M additional management overlays in Q2 related to the Middle East conflict (bringing total Middle East overlays to $234M). Early Alerts portfolio rose by ~ $800M in the quarter largely from sovereign-related names.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong P&L and EPS Growth
Group operating income of $5.7B in Q2 (up 3% YoY; up 8% YoY excluding last year's Solv gain). Record first half EPS up 17% YoY; profit before tax $2.3B and return on tangible equity (RoTE) of 17.9% in Q2.
Read all positive updates
Company Guidance
Management upgraded 2026 income guidance to around the middle of a 5–7% y/y range and now expects NII to rise by a low single‑digit percent (noting WRB portfolio actions will reduce NII by ~2% in 2026); 2026 operating expenses (ex‑notables) are guided to ~ $13.3bn, with Fit for Growth costs to achieve $128m in Q2 (YTD ~ $250m). They maintained a 2026 RoTE target of >12% and reiterated medium‑term targets of >15% RoTE in 2028 and ~18% in 2030, plus a 2025–28 income CAGR target of 5–7% and a ~57% cost‑to‑income ratio aim for 2028. Credit guidance: through‑the‑cycle loan‑loss rate 30–35 bps (H1 annualized 26 bps; Q2 loan‑loss rate 20 bps), CET1 operating range 13–14% (Q2 CET1 14.2%), day‑1 Basel 3.1 impact expected broadly neutral after management actions, and RWAs that fell ~2% q/q are expected to largely reverse in H2. Capital return guidance includes a $1bn buyback and an interim DPS of $0.204 with a progressive dividend policy and a ≥30% payout ratio.Standard Chartered Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.08B | 40.94B | 41.31B | 37.18B | 23.84B | 18.08B |
| Gross Profit | 21.66B | 21.29B | 19.81B | 17.72B | 16.18B | 14.63B |
| EBITDA | 8.60B | 8.22B | 7.14B | 6.16B | 5.47B | 4.53B |
| Net Income | 5.43B | 5.19B | 4.05B | 3.47B | 2.95B | 2.31B |
Balance Sheet | ||||||
| Total Assets | 993.41B | 919.96B | 849.69B | 822.84B | 819.92B | 827.82B |
| Cash, Cash Equivalents and Short-Term Investments | 84.54B | 77.75B | 149.64B | 151.75B | 122.75B | 152.67B |
| Total Debt | 112.98B | 105.37B | 96.25B | 93.03B | 91.67B | 92.01B |
| Total Liabilities | 937.51B | 865.37B | 798.40B | 772.49B | 769.91B | 775.18B |
| Stockholders Equity | 55.41B | 54.12B | 50.89B | 49.96B | 49.67B | 52.27B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 36.51B | -21.90B | -6.84B | 13.24B | 10.88B |
| Operating Cash Flow | 0.00 | 36.84B | -20.49B | -5.56B | 15.18B | 12.22B |
| Investing Cash Flow | 0.00 | -18.32B | 11.45B | 15.81B | -22.58B | -8.99B |
| Financing Cash Flow | 0.00 | -6.12B | -6.63B | 587.00M | -772.00M | 265.00M |
Standard Chartered Technical Analysis
Negative
2140.00
Price Trends
2202.97
Negative
2140.40
Negative
1947.40
Positive
Market Momentum
-61.84
Positive
29.83
Positive
15.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STAN, the sentiment is Negative. The current price of 2140 is below the 20-day moving average (MA) of 2152.02, below the 50-day MA of 2202.97, and above the 200-day MA of 1947.40, indicating a neutral trend. The MACD of -61.84 indicates Positive momentum. The RSI at 29.83 is Positive, neither overbought nor oversold. The STOCH value of 15.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STAN.
Standard Chartered Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £231.67B | 12.82 | 13.03% | 4.12% | -7.93% | 35.55% | |
72 Outperform | £49.68B | 6.60 | 16.16% | 5.58% | 2.78% | 24.91% | |
69 Neutral | £21.55B | 8.30 | 18.25% | 0.02% | 34.59% | 6.85% | |
68 Neutral | £42.47B | 12.18 | 10.35% | 2.63% | -12.87% | 12.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £57.67B | 12.49 | 11.05% | 3.98% | -16.61% | 21.26% | |
64 Neutral | £54.20B | 8.04 | 10.79% | 2.83% | 6.60% | 23.56% |
* Financial Sector Average
GB:STAN
Standard Chartered
1,958.50
530.93
37.19%
GB:BARC
Barclays
407.00
20.23
5.23%
GB:HSBA
HSBC Holdings
1,352.00
391.48
40.76%
GB:LLOY
Lloyds Banking
100.65
16.06
18.98%
GB:PRU
Prudential
880.80
-144.38
-14.08%
GB:NWG
NatWest Group
627.40
76.73
13.93%
Standard Chartered Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Standard Chartered advances US$615.8m share buyback programme
Positive
Oct 19, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, repurchasing ordinary shares with a nominal value of US$0.50 each from Goldman Sachs International across multiple trading venues between 12 and 16 Oc...
Business Operations and StrategyStock BuybackFinancial Disclosures
Standard Chartered Deploys Over US$560 Million in Ongoing Share Buyback
Positive
Oct 12, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, purchasing ordinary shares on multiple venues including the London Stock Exchange, CBOE BXE and CBOE CXE between 5 and 9 October 2026. The trades were...
Business Operations and StrategyStock Buyback
Standard Chartered Deploys Over US$500m in Ongoing Share Buyback
Positive
Oct 5, 2026
Standard Chartered has continued executing its previously announced share buyback, purchasing tranches of ordinary shares between 28 September and 2 October 2026 across the London Stock Exchange and Cboe venues. The bank bought hundreds of thousan...
Business Operations and StrategyDividends
Standard Chartered Executives Reinvest Dividends Into Shares
Positive
Oct 1, 2026
Standard Chartered has reported share dealings by three senior executives under its employee share account dividend reinvestment plan. Group Chief Risk Officer Jason Forrester, Wealth Retail Banking CEO Judy Hsu and Group Chief Financial Officer ...
Financial DisclosuresRegulatory Filings and Compliance
Standard Chartered Confirms Share Capital and Voting Rights Total
Neutral
Oct 1, 2026
Standard Chartered PLC has confirmed that as of 30 September 2026 its issued ordinary share capital comprised 2,174,983,627 shares of $0.50 each, all carrying one vote per share. The bank also reported that it holds no shares in treasury, meaning ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Standard Chartered nears US$452m mark in ongoing share buyback
Positive
Sep 28, 2026
Standard Chartered PLC has continued to execute its previously announced share buyback programme, repurchasing tranches of its US$0.50 ordinary shares between 21 and 25 September 2026 across the London Stock Exchange and Cboe venues. The purchases...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Standard Chartered Advances US$396 Million Share Buyback Programme
Positive
Sep 21, 2026
Standard Chartered has continued executing its previously announced share buyback programme, purchasing ordinary shares on multiple venues between 14 and 18 September 2026, including the London Stock Exchange, CBOE BXE and CBOE CXE. As of the clos...
Business Operations and StrategyStock Buyback
Standard Chartered Deploys Over US$341 Million in Ongoing Share Buyback
Positive
Sep 14, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, purchasing ordinary shares from Goldman Sachs International on multiple trading venues between 7 and 11 September 2026. The transactions were carried ...
Business Operations and StrategyDelistings and Listing Changes
Standard Chartered to Redeem €500m Fixed Rate Reset Notes and Cancel Listing
Neutral
Sep 7, 2026
Standard Chartered PLC has announced that it will fully redeem its €500 million Fixed Rate Reset Notes due 2027 on 3 October 2026, paying the call option redemption amount plus all accrued interest to noteholders. The redemption, executed un...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Standard Chartered Advances Share Buyback, Deploys US$286 Million
Positive
Sep 7, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, repurchasing ordinary shares from Goldman Sachs International across multiple trading venues between 1 and 4 September 2026. The purchases, conducted ...
Regulatory Filings and Compliance
Standard Chartered updates share capital and voting rights disclosure
Neutral
Sep 1, 2026
Standard Chartered PLC has confirmed that, as of 28 August 2026, its issued ordinary share capital comprises 2,182,903,376 shares of $0.50 each, all carrying one vote per share, giving a total of 2,182,903,376 voting rights. The bank holds no shar...
Business Operations and StrategyStock Buyback
Standard Chartered advances US$242.6m share buyback with latest repurchases
Positive
Sep 1, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, repurchasing ordinary shares with a nominal value of US$0.50 from Goldman Sachs International across multiple trading venues between 24 and 28 August ...
Business Operations and StrategyDelistings and Listing Changes
Standard Chartered to Redeem and Delist €1 Billion Subordinated Notes
Neutral
Aug 25, 2026
Standard Chartered PLC will fully redeem its EUR1,000,000,000 1.200 per cent. Fixed Rate Reset Dated Subordinated Notes due 2031 on 23 September 2026, paying the call option redemption amount plus accrued interest to noteholders. The move reflects...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Standard Chartered advances share buyback with US$187.5m deployed
Positive
Aug 24, 2026
Standard Chartered has continued its previously announced share buyback programme, repurchasing ordinary shares of US$0.50 each from Goldman Sachs International across multiple trading venues between 17 and 21 August 2026. The purchases were execu...
Business Operations and StrategyStock Buyback
Standard Chartered advances share buyback, deploying over $132m
Positive
Aug 17, 2026
Standard Chartered has continued executing its previously announced share buyback programme, repurchasing tranches of its US$0.50 ordinary shares between 10 and 14 August 2026 across the London Stock Exchange and Cboe venues. The bank has so far d...
Regulatory Filings and Compliance
Standard Chartered Executives Trim Stakes but Retain Significant Shareholdings
Neutral
Aug 13, 2026
Standard Chartered disclosed that two senior executives, Corporate Investment Banking CEO Roberto Hoornweg and Group Chief Operating Officer Tanuj Kapilashrami, have sold portions of their holdings in the bank’s ordinary shares during permi...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Standard Chartered lists $2.75bn notes on London Stock Exchange
Positive
Aug 13, 2026
Standard Chartered has listed three U.S. dollar-denominated note issues, totalling $2.75 billion, on the Official List of the UK Financial Conduct Authority and admitted them to trading on the Main Market of the London Stock Exchange. The package ...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Standard Chartered Files HY 2026 Pillar 3 Disclosures With FCA
Positive
Aug 13, 2026
Standard Chartered PLC has submitted its HY 2026 Pillar 3 regulatory disclosures to the U.K. Financial Conduct Authority, making detailed risk and capital information available through the FCA’s National Storage Mechanism. The same disclosur...
Business Operations and StrategyStock Buyback
Standard Chartered Advances Share Buyback with US$77.6 Million in Repurchases
Positive
Aug 10, 2026
Standard Chartered PLC has continued executing its previously announced share buyback programme, purchasing tranches of its US$0.50 ordinary shares on multiple venues between 3 and 7 August 2026. The bank has so far deployed US$77.6 million for th...
Regulatory Filings and Compliance
Standard Chartered CEO Bill Winters Sells Shares But Retains Large Stake
Neutral
Aug 4, 2026
Standard Chartered has disclosed that Group Chief Executive Bill Winters sold 300,000 ordinary shares on the London Stock Exchange at a price of £22.208 per share for financial planning purposes. Despite the sale, Winters continues to hold ap...
Regulatory Filings and Compliance
Standard Chartered updates market on share capital and voting rights
Neutral
Aug 3, 2026
Standard Chartered PLC has reported that, as of 31 July 2026, its issued ordinary share capital comprised 2,190,293,819 shares of $0.50 each, all carrying one vote per share, resulting in a total of 2,190,293,819 voting rights. The bank confirmed ...
Business Operations and StrategyStock Buyback
Standard Chartered Advances Share Buyback with US$11.4 Million Deployed
Positive
Aug 3, 2026
Standard Chartered has continued its previously announced share buyback programme, repurchasing ordinary shares with a nominal value of US$0.50 each from Goldman Sachs International on 30 and 31 July 2026 across the London Stock Exchange and Cboe ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.