Thursday preview: Standard Chartered offers trading update

Standard Chartered offers a pre-close trading update on Thursday, with analysts at Credit Suisse noting it recently downgraded the stock to 'Underperform' and that they prefer HSBC in the UK Asian bank space.

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Standard Chartered offers a pre-close trading update on Thursday, with analysts at Credit Suisse noting it recently downgraded the stock to 'Underperform' and that they prefer HSBC in the UK Asian bank space.

Credit Suisse estimates the bank will report 7.2% year-on-year revenue growth, with underlying costs remaining flat in comparison to the previous year (excluding the bank levy and US regulatory costs).

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