- Standard Chartered press release (OTCPK:SCBFF): Q4 Non-GAAP EPS of $0.30.
- Net interest income of $2.39B (+5.8% Y/Y).
- Net interest margin 1.70%, up 3bps Q/Q.
- Common equity tier 1 ratio 14.1% (30.9.23: 13.9%), above 13-14% target range.
- Return on Tangible Equity of 10.1%, up 2%pts.
- Guidance: “We have updated our guidance for 2024 and have provided additional guidance for 2025 and 2026 as follows: Income: Operating income to increase 5-7% for 2024-2026; around the top of 5-7% range in 2024; Net interest income for 2024 of $10bn to $10.25B, at ccy.
- Expenses: Operating expenses to be below $12B in 2026, at ccy – Expense saves of around $1.5bn and cost to achieve of no more than $1.5B from 2024 to 2026.
- Positive income-to-cost jaws, excluding UK bank levy, at ccy in each year from 2024 to 2026.”
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Wednesday, July 30
Standard Chartered Non-GAAP EPS of $0.304, NII of $2.39B; updates FY24 outlook
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