tiprankstipranks
Advertisement
Advertisement

Standard Chartered advances buy-back, cancels new tranche of shares

Story Highlights
  • Standard Chartered bought 820,000 shares under its buy-back at a weighted price near 1,796 pence.
  • The bank will cancel these shares, cutting shares in issue to about 2.22 billion and boosting capital efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Standard Chartered advances buy-back, cancels new tranche of shares

Claim 55% Off TipRanks

The latest announcement is out from Standard Chartered ( (GB:STAN) ).

Standard Chartered PLC has continued executing its previously announced share buy-back programme, purchasing 820,000 ordinary shares on 22 April 2026 through J.P. Morgan Securities at a volume-weighted average price of about 1,795.84 pence. The trades were executed across the London Stock Exchange and Cboe venues, with prices ranging between 1,780.40 and 1,819.80 pence, contributing to a cumulative spend of roughly US$693.7 million under the programme to date.

The bank intends to cancel the newly repurchased shares, which will reduce the number of ordinary shares in issue to 2,221,686,238 and set the same figure as its total voting rights. This reduction in share count is designed to improve capital efficiency and support earnings per share, underscoring management’s commitment to returning capital to investors while operating within regulatory constraints and pre-set trading parameters.

The most recent analyst rating on (GB:STAN) stock is a Buy with a £237.00 price target. To see the full list of analyst forecasts on Standard Chartered stock, see the GB:STAN Stock Forecast page.

Spark’s Take on STAN Stock

According to Spark, TipRanks’ AI Analyst, STAN is a Neutral.

The score is driven by strong earnings-call fundamentals (record income, solid profitability and shareholder returns) and reasonable valuation, partially offset by deteriorating cash-flow quality and high leverage in the financials, plus weak current technical momentum.

To see Spark’s full report on STAN stock, click here.

More about Standard Chartered

Standard Chartered PLC is an international banking group offering retail and corporate banking, wealth management, and financial markets services, with a strong focus on emerging markets in Asia, Africa, and the Middle East. Listed in London, the group actively manages its capital structure, including through periodic share buy-back programmes to enhance shareholder returns.

Average Trading Volume: 7,741,448

Technical Sentiment Signal: Buy

Current Market Cap: £39.86B

Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1