Standard Chartered Shares Dip Amid Trump Tariff Jitters, Buyback Cushions Fall
Standard Chartered PLC (STAN.L) slipped 0.7% to 1,865 pence in early London trading as markets reacted to renewed U.S. tariff threats against Europe. The decline pared gains from Friday’s 52-week high of 1,878.5 pence, reflecting broader risk-off sentiment.
The bank’s £1.21 billion share buyback program provided modest support, with 535,597 shares repurchased January 16 at 1,865.79 pence average. Such moves typically boost earnings per share by reducing float.
Investors await February 24 Q4 results for clues on credit trends and capital returns. Cross-border banks face mounting pressure as trade tensions threaten financial flows – a headwind for institutions Leveraged to global commerce.