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SCBFF / StanChart Q3 profit slumps on China impairment charges

StanChart Q3 profit slumps on China impairment charges
Standard Chartered (StanChart) on Thursday said third-quarter pre-tax profit fell by a third, much worse than analysts had expected, as it took a nearly $1 billion hit from its exposure to China's real estate and banking sectors. Read More
Posted: Oct 26 2023, 00:40
Author Name: Reuters
Views: 112235

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StanChart backed Mox Bank is on track for sustainable profitability from 2024, says CEO

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StanChart Q3 profit slumps on China impairment charges

By Reuters
October 26, 2023

StanChart Q3 profit slumps on China impairment charges

Standard Chartered (StanChart) on Thursday said third-quarter pre-tax profit fell by a third, much worse than analysts had expected, as it took a near more_horizontal

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By Reuters
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By Reuters
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By Seeking Alpha
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Standard Chartered has struggled for years to generate meaningful profitability, but the advent of higher interest rates has given it a major boost. N more_horizontal

Is Standard Chartered (SCBFF) Stock Undervalued Right Now?

By Zacks Investment Research
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Is Standard Chartered (SCBFF) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal


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