Standard Chartered reports results on Wednesday, 31 October

• The chart shows the price movement last time Standard Chartered reported: H1 Results, 31 July.
• Shares opened -16.6p lower(-2.4%), and traded as low as -27.8p (-4%, low of the day)
• They bounced back briefly to +3.6p (+0.5%, high of the day), but closed -8.8p (-1.3%) for a daily range of 31.4p or 4.5%.
• Results were mixed, with H1 net profit rising 30% YoY thanks to more loans to customers and lower impairments.
• However, wealth management income was weak and disappointed investors.
• Shares -39.5% from 2018 highs; +1.6% from 2018 lows; -31.2% year-to-date.
• Recent share price range: Oct lows 514p; Oct highs 628p. Currently 536p (at time of writing).
• Standard Chartered publishes Q3 Results on Wednesday, 31 Oct.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Standard Chartered– An Example

Let’s say you think that Standard Chartered results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Standard Chartered using CFDs, at the current price of 536p. To do this, you need £2,000.

For the purpose of this example, let’s assume Standard Chartered reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Standard Chartered results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.