Report
Derya Guzel
EUR 101.80 For Business Accounts Only

Standard Chartered 9M17: While Some Spike in Cost, Lower Impairment Charges Boost Profit

We maintain our fair value estimate for Standard Chartered, along with our moat and moat trend ratings, following third-quarter 2017 results. Standard Chartered posted operating income of USD 10.8 billion for the first nine months of 2017, indicating a 5% increase compared with last year. Revenue growth was driven by good performance in liability-led businesses, which includes transaction banking, wealth management, and deposits, offset by lower income from corporate finance, credit cards and pe...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Derya Guzel

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