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Standard Chartered PLC (GB:STAN)
LSE:STAN
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
22.2Last Year’s EPS
24.02Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: 30.08%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record income, strategic progress in key segments, and significant shareholder returns. However, challenges remain in Hong Kong real estate and software asset write-offs. Overall, the positive aspects outweigh the negative ones.Company Guidance
In the call, the company provided detailed guidance for its fiscal year 2024 performance. Key metrics highlighted include a return on tangible equity of 11.7%, which is an increase of 160 basis points year-on-year, and record income of $19.7 billion. The fourth quarter continued this strong trend, with particular success in Wealth Solutions and double-digit growth in Global Markets and Banking. The company announced a 37% increase in full-year dividend per share and a new share buyback of $1.5 billion, aiming for total shareholder distributions of at least $8 billion by 2026. For 2025, they are tracking towards the upper end of their 5% to 7% compound annual growth rate (CAGR) target from 2023 to 2026. Operating expenses were up by 7%, and credit impairment was $557 million, a 5% increase. The company's Fit for Growth program is one year in and progressing well, with $200 million of annualized savings already achieved. Additionally, the company's CET1 ratio was 14.2%, and they announced performance in key segments like Wealth and Retail Banking, which saw an 11% rise in income, and Ventures, with Mox growing its customer base significantly.Record Income and Dividend Increase
The company achieved record income of $19.7 billion, with a 14% headline income growth. Additionally, a 37% increase in full-year dividend per share was announced along with a new $1.5 billion share buyback.
Strong Performance in Wealth Solutions and Global Markets
Wealth Solutions delivered a record performance with investment products income up 36%. Global Markets and Banking showed double-digit growth, contributing significantly to the income.
Fit for Growth Program Progress
The Fit for Growth program is ahead of schedule with $200 million in annualized savings achieved, and over 200 projects in progress aiming for $1.5 billion in savings.
Shareholder Distributions and CET1 Ratio
Total shareholder distributions since the full year 2023 results have reached $4.9 billion. The CET1 ratio stands at 14.2% with a strong level of capital generation.
Cross-Border Network Strategy
Cross-border network income grew 11% CAGR since 2019. The network strategy is benefiting from new globalization corridors, with around 1/3 of total network income being intra-Asia.
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GB:STAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:STAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | 876.40p | 912.60p | +4.13% |
| Jul 30, 2024 | 719.51p | 762.28p | +5.94% |
| May 02, 2024 | 688.03p | 748.42p | +8.78% |
| Feb 23, 2024 | 584.69p | 613.07p | +4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Standard Chartered PLC (GB:STAN) report earnings?
Standard Chartered PLC (GB:STAN) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Standard Chartered PLC (GB:STAN) earnings time?
Standard Chartered PLC (GB:STAN) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Standard Chartered PLC stock?
The P/E ratio of Standard Chartered is N/A.
What is GB:STAN EPS forecast?
GB:STAN EPS forecast for the fiscal quarter 2024 (Q4) is 22.2.
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