StanChart H-Shares Fall Again in Wake of CFO Exit -- Market Talk

Dow Jones
Feb 11

0915 GMT - Standard Chartered's H-shares ended lower for a second day, trading in the red through most of the session as markets digest the departure of the bank's Group CFO. The news brings up concerns over the swift change and StanChart's succession, though CEO Bill Winters hasn't indicated plans to retire, Morningstar analyst Kathy Chan says in a note. That said, Chan sees limited operational impact from the shakeup, and expects the group will have time to find a suitable replacement. Meanwhile, margins will likely come under pressure, given the bank's lack of scale to compete with larger peers as interest rates fall. Morningstar views the shares as overvalued, citing a price/book value of 1.1, above the 10-year historical average. It keeps a fair value estimates of HK$150 on the stock, which closed 0.9% lower at HK$196.20. (jason.chau@wsj.com)

 

(END) Dow Jones Newswires

February 11, 2026 04:16 ET (09:16 GMT)

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