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Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered has continued executing its previously announced share buy-back programme, purchasing 792,070 ordinary shares on 18 May 2026 across the London Stock Exchange and CBOE venues. The bank paid a volume-weighted average price of about 1,899 pence per share and plans to cancel these shares, reducing its outstanding share count to 2,208,478,357 and aligning with regulatory parameters.
The group has now deployed just over US$1.02 billion on repurchases under this programme, signalling management’s confidence in capital strength and a focus on returning excess capital to shareholders. The reduction in share capital is expected to enhance earnings per share and consolidate investor voting power, underscoring Standard Chartered’s ongoing capital optimisation efforts in a competitive global banking landscape.
More about Standard Chartered
Standard Chartered is a UK-based international banking group that provides retail, commercial and institutional banking services, with a strong focus on Asia, Africa and the Middle East. Listed in London and Hong Kong, the bank operates as a universal bank, offering lending, transaction banking, wealth management and financial markets products to corporates, governments and individuals across its core emerging markets franchise.
See more data about STAN stock on TipRanks’ Stock Analysis page.