London, Jan 24, 2026, 09:29 GMT — Market closed
Standard Chartered PLC shares closed Friday down 1.38% at 1,829 pence, slipping from an intraday high of 1,865 pence. The London-listed bank ended the week just shy of its recent peak. Trading volume reached roughly 2.08 million shares, per exchange figures. (Investing)
The FTSE 100 slipped 0.07%, ending a three-week run of gains, dragged down largely by banks weighing on the index. As investors looked for safety, gold and silver prices rose. “Gold ostensibly remains the preferred portfolio hedge amid ongoing geopolitical risk,” said Laura Cooper, senior macro strategist at Nuveen. (Reuters)
Shares across Europe dipped, with the STOXX 600 sliding 0.1% and closing the week in the red. Investors grappled with renewed trade jitters sparked by U.S. President Donald Trump’s Greenland tariff threats, even though he later stepped back, citing a NATO agreement. “We’ve seen a general increase in uncertainty this year,” noted Michael Field, chief European equity strategist at Morningstar. He added that investors remain cautious, wary the issue could resurface. (Reuters)
Standard Chartered’s news has been more consistent than the market action. On Friday, the bank reported buying back 541,525 ordinary shares on Jan. 22 as part of its ongoing repurchase programme, at a volume-weighted average price of 1,861.20 pence, with plans to cancel the stock. Share buybacks reduce the number of shares outstanding, which should help boost earnings per share over time. A recent filing revealed the group has spent around $1.26 billion on the programme so far. (Investegate)
Broker sentiment has turned cautious following the recent rally. Data from Investing.com showed Deutsche Bank sticking with a “hold” rating on Jan. 23, but raising its price target from 17 pounds to 19 pounds—suggesting limited upside from Friday’s close. The broader consensus includes six “buy” calls, seven “hold,” and one “sell,” with shares trading near the high end of their 52-week range between 872.8 pence and 1,878.5 pence. (Investing)
Standard Chartered’s shares often move with UK banking trends but are also shaped by appetite for emerging markets, thanks to its large presence in Asia, Africa, and the Middle East. This means the stock reacts not only to UK economic indicators but also to changes in the dollar, commodity prices, and international capital flows.
Traders on Monday will focus on whether risk-off sentiment eases or intensifies following a weekend packed with geopolitical developments, alongside the steady drip of buybacks that may be propping up dips. Bank stocks remain highly sensitive to shifts in bond yields, with even minor rate changes impacting lending margin forecasts.
Here’s the risk: a fresh surge in trade tensions could sour sentiment once more, while declining interest rates would compress net interest income — the margin between loan earnings and deposit costs. For Standard Chartered, a stumble in Asian credit markets or a drop in trade flows would challenge the optimistic outlook driving the stock’s recent gains.
The bank’s Q4 and full-year earnings drop Tuesday, Feb. 24. Investors will zero in on guidance, credit costs, and clues about capital returns after the current buyback cycle ends. (Sc)
