1 month, 3 weeks ago

Standard Chartered to return ₹13,000 crore to shareholders: Here's why

Standard Chartered Plc has announced that it will be returning $1.5 billion to shareholders. “We are delivering what we promised our shareholders, which is sustainably higher returns from a high growth business,” Chief Financial Officer Diego De Giorgi said in a Bloomberg Television interview. Standard Chartered's strength in numbers The stock’s value has almost doubled since then and is now trading at £11.40 — higher than the £10.41 level at which it had closed on Winters’ first day on the job back in June 2015. Standard Chartered’s adjusted pretax profit came in at $1.05 billion for the three months through December, surpassing the Bloomberg-compiled analyst estimate of $1.02 billion.

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