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StanChart: Good Figures Underpinning Recent Spread Performance

FINANCIALS

Standard Chartered (STANLN: A3/BBB+/A) results are ahead of expectations on positive revenues and better credit losses than expected. NPLs are lower. There’s little to see consensus upgrade much but equity holders are likely to be relieved today. Spreads have already performed well YTD and these results underpin that.


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Standard Chartered (STANLN: A3/BBB+/A) results are ahead of expectations on positive revenues and better credit losses than expected. NPLs are lower. There’s little to see consensus upgrade much but equity holders are likely to be relieved today. Spreads have already performed well YTD and these results underpin that.


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