Investing.com - Standard Chartered (OTC:SCBFF) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Standard Chartered announced earnings per share of $0.32 on revenue of $4.32. Analysts polled by Investing.com anticipated EPS of $0.23 on revenue of $3.9B.
Standard Chartered shares are up 16% from the beginning of the year, still down 17.16% from its 52 week high of $641.00 set on June 29.
Standard Chartered shares lost 4.22% in intra-day trade following the report.
Standard Chartered follows other major Financial sector earnings this month
Standard Chartered's report follows an earnings missed by HSBC on Tuesday, who reported EPS of $0.1 on revenue of $14.3B, compared to forecasts EPS of $0.1688 on revenue of $11.81B.
Barclays had beat expectations on Wednesday with third quarter EPS of $0.094 on revenue of $5.28B, compared to forecast for EPS of $0.0778 on revenue of $5.93B.
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