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Standard Chartered ( (GB:STAN) ) has provided an announcement.
At the Annual General Meeting, Standard Chartered PLC reported a record income of $19.7 billion for 2024, marking a 12% increase on a constant currency basis. The company experienced significant growth in its Wealth business and Corporate and Investment Banking sectors, achieving a double-digit Return on Tangible Equity of 11.7%. The company announced a 37% increase in its full-year dividend and is on track to meet its target of $8 billion in shareholder distributions by 2026. The bank’s refined strategy focuses on cross-border opportunities and serving the affluent segment, with a commitment to sustainability, as evidenced by its sustainable finance income nearing its 2025 target. The leadership transition sees Maria Ramos taking over as Chairman, continuing the focus on long-term value creation and governance.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company incorporated in England and Wales. It primarily focuses on corporate and investment banking, wealth management, and retail banking, with a strong presence in high-growth markets.
Average Trading Volume: 8,149,165
Technical Sentiment Signal: Buy
Current Market Cap: £24.78B
For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.