logo
Standard Chartered Quarterly Profit Jumps, Announces $1.3 Billion Buyback

Standard Chartered Quarterly Profit Jumps, Announces $1.3 Billion Buyback

Standard Chartered STAN 0.33%increase; green up pointing triangle reported sharply higher net profit for the second quarter and announced a $1.3 billion share buyback.
The London-based bank said Thursday that net profit rose 81% from a year earlier to $1.71 billion for the three months ended June. That beat the estimate of $1.24 billion in a poll of analysts by data provider Visible Alpha.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hargreaves Services (LON:HSP) Will Pay A Dividend Of £0.185
Hargreaves Services (LON:HSP) Will Pay A Dividend Of £0.185

Yahoo

time17 minutes ago

  • Yahoo

Hargreaves Services (LON:HSP) Will Pay A Dividend Of £0.185

The board of Hargreaves Services Plc (LON:HSP) has announced that it will pay a dividend on the 3rd of November, with investors receiving £0.185 per share. Even though the dividend went up, the yield is still quite low at only 5.0%. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Hargreaves Services' Future Dividend Projections Appear Well Covered By Earnings It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. Before this announcement, Hargreaves Services was paying out 83% of earnings, but a comparatively small 47% of free cash flows. Since the dividend is just paying out cash to shareholders, we care more about the cash payout ratio from which we can see plenty is being left over for reinvestment in the business. The next year is set to see EPS grow by 20.6%. If the dividend continues along recent trends, we estimate the payout ratio will be 73%, which would make us comfortable with the sustainability of the dividend, despite the levels currently being quite high. See our latest analysis for Hargreaves Services Dividend Volatility Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the dividend has gone from £0.255 total annually to £0.37. This works out to be a compound annual growth rate (CAGR) of approximately 3.8% a year over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. Hargreaves Services Might Find It Hard To Grow Its Dividend With a relatively unstable dividend, it's even more important to see if earnings per share is growing. We are encouraged to see that Hargreaves Services has grown earnings per share at 27% per year over the past five years. However, Hargreaves Services isn't reinvesting a lot back into the business, so we wonder how quickly it will be able to grow in the future. In Summary In summary, while it's always good to see the dividend being raised, we don't think Hargreaves Services' payments are rock solid. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. This company is not in the top tier of income providing stocks. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 1 warning sign for Hargreaves Services that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Owners step in as Liverpool ready RECORD-BREAKING bid
Owners step in as Liverpool ready RECORD-BREAKING bid

Yahoo

time17 minutes ago

  • Yahoo

Owners step in as Liverpool ready RECORD-BREAKING bid

Liverpool have a record-breaking bid ready but now club owners have stepped in. It's a twist they didn't want. Liverpool have prepared a club-record bid for Alexander Isak. It's one that will almost certainly break the British transfer record, too. That's the level of faith the Reds have in Isak. They believe he can be the long-term answer to their centre-forward position and someone who can complement the current crop of stars to perfection. Shop the LFC Store LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Diogo Jota: Thank you Isak was quite comfortably the best striker in the Premier League last season and one of the absolute best in Europe. Few, if any, matched his all-around game going forward. That Liverpool want him isn't a surprise, nor is the amount of money they'd be willing to pay in order to secure the transfer. The real question, then, is whether Isak is even available. And that's entirely down to Newcastle United. Newcastle owners step in GiveMeSport claims Newcastle's ownership have now stepped in to prevent any sale of Isak. This comes after a week of constant speculation, largely fuelled by the Swede not joining the squad on their pre-season tour. In fact, Isak isn't with Newcastle at all right now. He's in Spain, training at Real Sociedad's facilities. Reports everywhere claim Isak wants to move to Liverpool and has made it clear to Newcastle. It's an attempt to force their hand, essentially, making the club value the transfer fee more than having a disgruntled player. But it appears that hasn't worked. The ownership at Newcastle see no reason to take the money and don't want to lose Isak.

Hensoldt Second Quarter 2025 Earnings: EPS Misses Expectations
Hensoldt Second Quarter 2025 Earnings: EPS Misses Expectations

Yahoo

time17 minutes ago

  • Yahoo

Hensoldt Second Quarter 2025 Earnings: EPS Misses Expectations

Hensoldt (ETR:HAG) Second Quarter 2025 Results Key Financial Results Revenue: €549.0m (up 5.6% from 2Q 2024). Net loss: €12.0m (loss widened by 20% from 2Q 2024). €0.10 loss per share (further deteriorated from €0.081 loss in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Hensoldt Earnings Insights Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Aerospace & Defense industry in Germany. Performance of the German Aerospace & Defense industry. The company's shares are down 5.5% from a week ago. Risk Analysis It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Hensoldt (at least 1 which is a bit concerning), and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store