Investing.com - Standard Chartered (OTC:SCBFF) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Standard Chartered announced earnings per share of $0.282 on revenue of $3.91B. Analysts polled by Investing.com anticipated EPS of $0.2173 on revenue of $3.97B.
Standard Chartered shares are up 26.72% from the beginning of the year, still down 11.36% from its 52 week high of $641.00 set on June 29. They are outperforming the FTSE 100 which is down 0.04% from the start of the year.
Standard Chartered shares gained 0.25% in intra-day trade following the report.
Standard Chartered follows other major Financial sector earnings this month
Standard Chartered's report follows an earnings beat by Lloyds Banking on Wednesday, who reported EPS of $0.0207 on revenue of $4.34B, compared to forecasts EPS of $0.0149 on revenue of $4.14B.
Barclays had missed expectations on Thursday with second quarter EPS of $0.064 on revenue of $6.71B, compared to forecast for EPS of $0.0785 on revenue of $6.04B.
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