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London-headquartered bank with almost no UK retail presence, operating corporate, wealth and retail banking across Asia, Africa and the Middle East.
London-headquartered bank with almost no UK retail presence, operating corporate, wealth and retail banking across Asia, Africa and the Middle East.
Earns fees and interest from companies moving goods and money across borders, through trade finance, payments and currency dealing, and from wealth-management products sold to affluent clients. Hong Kong and Singapore are its biggest markets, while Africa and the Middle East add a long-standing network of licences. Dealing profits vary with market volatility.
In one line: HSBC's smaller, more Asia/Africa-concentrated cousin.
Moat: narrow (distribution, regulatory licence, brand). Century-old branch/licence network across emerging markets that is costly for Western banks to replicate.
Headquarters: London, UK · Founded: 1969 · Employees: 80,695
Size Standard Chartered (STAN.L) is a United Kingdom Financials company (Major Banks) with a market value of $60.9B, the 18th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £2,093 on 6 Nov 2026.
Performance Over six months the shares gained 13.9%, against +7.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 9.6% over the last twelve months (peer median +2.6%); the operating margin is 24.3% (peer median 39.0%).
Valuation It trades at 1.37× book value against a peer median of 1.73× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 16.9%; Standard Chartered delivers 12.8%, so the price asks more than the business earns today.
Credit Standard Chartered has 56 bonds outstanding ($55.2B), rated BBB+ by the agencies and trading like A- at a weighted spread of 135 bp.
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £28.5B | £30.6B | £33.0B | £30.5B | £20.1B |
| Revenue growth | — | -7% | +8% | +52% | — |
| Net income | £4.38B | £3.53B | £2.90B | £2.51B | £2.13B |
| Free cash flow | n/a | -£20.5B | -£17.5B | £14.5B | £19.6B |
| Capital expenditure | n/a | £1.03B | £1.10B | £1.03B | £1.57B |
| Total debt | £101B | £101B | £101B | £100B | £100B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Standard Chartered STAN.L | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% |
| HSBC HSBA.L | $301B | -1% | -4% | 14% | 1.51× | 17.5% |
| Citigroup C | $200B | -5% | +5% | 9% | 1.03× | 10.9% |
| DBS D05.SI | $155B | +19% | -5% | 16% | 2.83× | 21.4% |
| Boc Hong Kong 2388.HK | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STAN.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | +1.0% | 9th lowest of 21 |
| 6-month return | +13.9% | +7.2% | 6th highest of 21 |
| Return on equity | 12.8% | 13.6% | 9th lowest of 21 |
| Price / book | 1.37× | 1.73× | 5th cheapest of 21 |
| Trailing P/E | 12.0× | 12.4× | 10th cheapest of 21 |
| ROE the price implies | 16.9% | 13.2% | 6th most demanding of 21 |
| ROE delivered | 12.8% | 13.6% | 8th lowest of 20 |
| Bond spread | 135 bp | 79 bp | 2nd widest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| National Bank of Canada NA.TO | Canada | $59.3B | +4% | +8% | 14% | 2.62× | 20.1% | 14.3% |
| Boc Hong Kong 2388.HK | Hong Kong | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% | 11.8% |
| Societe Generale GLE.PA | France | $52.0B | -5% | +9% | 9% | 0.78× | 10.0% | 9.5% |
| China CITIC Bank 601998.SS | China | $71.5B | +9% | -6% | 9% | 0.67× | 2.5% | n/a |
| Kotak Mahindra Bank KOTAKBANK.NS | India | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% | 11.8% |
| Lloyds Banking LLOY.L | United Kingdom | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% | 14.3% |
| DNB Bank DNB.OL | Norway | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% | 15.1% |
| United Overseas Bank U11.SI | Singapore | $47.6B | 0% | -10% | 10% | 1.23× | 9.2% | 9.8% |
| Swedbank SWED-A.ST | Sweden | $46.0B | +25% | -5% | 14% | 2.09× | 13.2% | 14.3% |
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| Axis Bank AXISBANK.NS | India | $43.6B | +2% | +7% | 14% | 1.78× | 25.1% | 13.9% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Skandinaviska Enskilda Banken SEB-A.ST | Sweden | $42.9B | +20% | -8% | 14% | 1.80× | 9.5% | 13.5% |
| Danske Bank A/S DANSKE.CO | Denmark | $42.4B | +11% | +8% | 14% | 1.68× | 6.1% | 14.1% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
Standard Chartered has 56 bonds outstanding with $55.2B face value. The agencies rate it BBB+; its bonds trade like A-. Weighted yield 6.50%, a spread of 135 bp over government bonds.