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StanChart ups dividend despite YOY fall in H1 profit

Aug 02, 2019 - SNL European Financials Daily

British banking group Standard Chartered PLC reported a year-over-year decline in first-half attributable income, but Group CEO Bill Winters said the bank has made "good progress" both financially and on its strategic priorities in the period, citing growing income and improving profits.

First-half profit attributable to parent company shareholders came in at $1.48 billion, down from $1.56 billion a year ago. EPS for the period was 37.5 cents, compared to 40.2 cents a year earlier.