Investing.com - Standard Chartered (OTC:SCBFF) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Standard Chartered announced earnings per share of $0.207 on revenue of $3.77B. Analysts polled by Investing.com anticipated EPS of $0.2167 on revenue of $3.74B.
Standard Chartered shares are up 11% from the beginning of the year, still down 11.89% from its 52 week high of $533.20 set on April 29. They are under-performing the OMX Helsinki 25 which is up 18.16% from the start of the year.
Standard Chartered shares lost 7.12% 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 HSBC on October 25, who reported EPS of $0.1235 on revenue of $8.86B, compared to forecasts EPS of $0.1111 on revenue of $8.8B.
London Stock Exchange had matched expectations on October 22 with third quarter EPS of $1.35 on revenue of $1.69B, compared to forecast for EPS of $1.35 on revenue of $1.7B.
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