London, June 12, 2026, 11:06 BST
- Standard Chartered shares were up roughly 3.9% at about 1,925p in London as European banking stocks gained.
- The bank reported it made another buyback, pushing capital returns higher as those continue to hit the market.
- The median analyst target tracked by LSEG shows more upside, but the stock now trades much nearer its 52-week high than its low for the year.
Standard Chartered PLC shares jumped in London on Friday. LSEG data on Investors Chronicle had the stock at 1,925p, up 73p, or 3.94%, at 10:48 BST. Volume hit 1.41 million shares. The one-year gain was 66.45%. The Asia-focused bank has bounced back over the past year.
European banks moved up in a broad risk-on rally, with the STOXX 600 banks index up 3.8% according to Reuters. Barclays and Standard Chartered both rose over 3%. Lower oil prices and renewed hopes for a U.S.-Iran deal boosted the mood across the region. “European markets are enjoying the decline in oil prices,” Swissquote Bank senior market analyst Ipek Ozkardeskaya told Reuters. Reuters
Shares rose again after a strong session Thursday. AJ Bell market data showed Standard Chartered’s total return on June 11 at 3.41% while the FTSE 100 returned just 0.27%. On Friday, the quoted spread sat at 1,923.00p to 1,923.50p, with shares hitting 1,929.50p at the high and a previous close of 1,852.00p. Market value stood near £41.99 billion, with a price-to-earnings ratio of 11.98 and a 2.45% dividend yield.
Standard Chartered said in a June 12 RNS it bought 832,000 ordinary shares on June 11, using J.P. Morgan Securities for the trade, paying a volume-weighted average of 1,849.028p. The shares were purchased as part of the buyback unveiled on February 24. The bank plans to cancel those shares, which would leave 2,195,441,617 ordinary shares and voting rights outstanding.
Standard Chartered gave a board update in the past 48 hours. The bank said June 10 that Tanate Phutrakul, who was Group CFO at ING Group, will join as an independent non-executive director from July 1. He will also take seats on the Audit and Board Risk Committees. Group Chair Maria Ramos said: “His extensive international banking experience, together with his strong financial expertise, will bring further valuable insight and perspective to the Board discussion.” Investegate
Standard Chartered is coming off a strong first quarter, with operating income at $5.9 billion for Q1 2026, up 9% at constant currency. The bank posted record pre-tax profit of $2.5 billion, a 17% increase. Return on tangible equity hit 17.4%, and earnings per share climbed 31% to 74.2 cents. CEO Bill Winters said it was “a record first quarter performance in 2026,” pointing to double-digit gains in Wealth Solutions and Global Banking.
The stock isn’t obviously cheap after its latest rally, but may still appeal to some. LSEG data from Investors Chronicle list 12 analysts with a median 12-month target at 2,095.18p, which points to about 9% upside over Friday’s 1,925p close. Analyst calls as of June 4: one “buy”, six “outperform”, five “hold” and one “sell”. Buybacks, solid Wealth and Global Banking results, and double-digit RoTE could offer support. On the risk side: it’s already trading near this year’s 2,073p high, faces execution hurdles after a big run, and has those credit and geopolitical issues in play—including a $190 million Middle East-linked provision taken in Q1. Investors Chronicle
Standard Chartered is now pitching its case on whether it can keep higher returns going. At its May investor day, the bank set out targets for RoTE above 15% in 2028 and about 18% in 2030, plus EPS growth in the high teens and a 5% to 7% income CAGR between 2025 and 2028. The next key check comes with the Q2 2026 half-year numbers, due on July 29, when investors will be watching to see if wealth inflows, capital markets, and buybacks are still driving the valuation.
