Tuesday, February 27, 2018

Standard Chartered FY17 Pre-tax Profit Surges; Resumes Dividend; Stock Up

Shares of Standard Chartered Plc were gaining round 2 percent in the morning trading in London after the banking giant reported Tuesday a significantly higher pre-tax profit in its fiscal 2017 with growth in net interest income. Including tax, the company reported an attributable profit, compared to last year's loss. Further, the Board has recommended resuming a dividend.

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