Standard Chartered reported lower-than-expected profits in the third quarter due to the impact of China's property market downturn. The bank's shares plunged by 12% as it took charges related to investments in China. CFO Andy Halford stated that it remains difficult to predict the bottom of the Chinese commercial real estate market.
Standard Chartered shares slide 12% as China losses hit earnings https://t.co/AX8SkQdDCF
BNP Paribas shares fall after trading revenues disappoint https://t.co/ROJqWMAfl8
Standard Chartered shares plunged, after it said profit missed estimates in the third quarter as it took charges related to investments in China CFO Andy Halford says it remains difficult to call the bottom of the Chinese commercial real estate market https://t.co/ggrfMP9T5O https://t.co/9yHcVuC4u8
StanChart profit slumps on China real estate and banking losses https://t.co/B07ULDaiH9 https://t.co/9ZAephEL1K
UPDATE: Standard Chartered's shares fall after it said profit missed estimates in the third quarter as it took charges related to investments in China https://t.co/bnobNEBrhS
Standard Chartered misses profit expectations amid China property crunch https://t.co/f7r8yWSVyp