StanChart’s buyback bounce-back

The emerging market-focused lender surprised the market with a $1bn share repurchase scheme this week – but is it too bold?

April 30, 2019

by Alex Newman

After disappointing outings from Barclays (BARC) and RBS (RBS), Standard Chartered (STAN) set the benchmark for 2019 bank earnings, after a strong first-quarter trading update beat profit expectations and revealed a surprise buyback plan.

IC TIP: Hold at 701p

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