LONDON, Jan 27, 2026, 09:28 GMT — Regular session
- Shares of Standard Chartered climbed in early London trading following the bank’s announcement that its latest buyback programme has wrapped up.
- Attention turns to the Fed’s decision on Wednesday and Standard Chartered’s full-year results due February 24.
Standard Chartered shares ticked higher on Tuesday as the bank announced it had completed a $1.3 billion share buyback, wrapping up a months-long run of steady repurchases.
The stock climbed roughly 0.5% to 1,843.5 pence, up from a prior close of 1,833.5 pence, with intraday moves between 1,840.0 and 1,851.5 pence. It’s now hovering near the upper limit of its 52-week range, which Investing.com lists as 872.8 to 1,878.5 pence. (Investing)
The bank reported purchasing 528,116 shares on Jan. 26 at a volume-weighted average price of 1,835.08 pence, with individual prices between 1,824.50 and 1,840.50 pence. The buyback programme has now acquired 62,222,365 shares, spending roughly $1.3 billion. The bank plans to cancel these shares, leaving 2,253,842,687 ordinary shares outstanding. A share buyback reduces the number of shares in circulation, often boosting earnings per share; volume-weighted average price reflects the average price paid, adjusted for trade size. (Investegate)
The key point now: the buyback, once a steady, price-insensitive purchaser, has disappeared. As the share count drops, investors will question what’s next for capital returns — and if future gains hinge more on earnings than on financial maneuvers.
The macro environment is tricky. The Federal Reserve’s two-day policy meeting kicks off Tuesday and wraps Wednesday, with rates expected to stay put between 3.50% and 3.75%, Reuters reported. Tim Duy, chief U.S. economist at SGH Macro Advisors, noted, “It’s not possible to view the actions of the next Fed chair as separate from the economic environment.” Meanwhile, Michael Pearce, chief U.S. economist at Oxford Economics, described the near-term outlook as “benign,” despite the political storms swirling around the Fed. For banks, changes in rate expectations can shift funding costs and loan income faster than management can react. (Reuters)
Standard Chartered’s biggest exposures lie beyond the UK. With a substantial chunk of its earnings coming from Asia, the Middle East, and Africa, traders keep a sharp eye on the dollar and risk sentiment just as much as on UK interest rates—particularly during central bank moves.
But there’s a clear risk here. If rate cuts hit earlier or run deeper than expected, the margin between what banks earn on loans and pay on deposits could shrink. Toss in volatile risk assets around policy moves, and credit spreads plus emerging-market currencies might shift sharply, rattling sentiment toward lenders with global exposure.
Standard Chartered’s Q4 and full-year financial results are due Tuesday, Feb. 24, per its investor events calendar. Investors will focus on guidance around income growth, asset quality, and whether the bank has new dividend plans or another buyback now that the current one has wrapped up. (Sc)
