SMC Learn To Trade

Standard Bank Group Limited. JSE: SBK

Standard Bank shares

Background of Standard Bank

  • Standard Bank, trading also as Stanbic Bank, is a South African headquartered banking group and one of Africa’s largest financial services groups. Standard Bank shares have been up for sale on the Johannesburg Stock Exchange (JSE) since 1970 and the group currently occupies a place on the JSE Top 40, with Standard Bank share price growing quickly.

  • The bank’s history extends back to 1862, when a group of businessmen opened Standard Bank of British South Africa in London. This bank underwent mergers with several South African banks in 1863, and financed and developed the Kimberley diamond fields in 1867. After being renamed to Standard Bank of South Africa, the group became the first bank to open a branch in the Witwatersrand gold fields.

  • In 1962, after the bank had spread across Africa, the South African operations were formed into a subsidiary and simply renamed Standard Bank. Today, the group operates in 20 African countries and 12 overseas countries, whilst employing more than 54 000 people.

  • The group’s assets were valued at R1.981 billion in 2015, making Standard Bank Africa’s largest banking group by assets. The company’s JSE market cap is R184 billion. The group is split into three business units: Personal & Business Banking, Corporate & Investment Banking and Wealth – Liberty. ICBC – the largest bank in the world –is a 20.1% shareholder in the group.

Standard Bank Shares Growth Driver

  • Standard Bank’s latest financial data highlights good performance for the financial year, with headline earnings increasing 27% from R17 billion to R22 billion. Shareholders enjoyed return on equity of 15.3% and dividends of 674 cents per share compared to 598 cents the previous year.

  • Corporate & Investment Banking was a particularly strong performer, realising a 59% increase in headline earnings. Standard Bank specialises in Corporate & Investment Banking aims to buy into industries relevant to growth and development in Africa, with a focus on mining and metals, power and infrastructure, oil and gas, power and infrastructure, financial institutions, telecommunications, media and real estate. The tough economic climate, along with falling commodity prices, negatively impacted the group’s earnings. The banks two other business units had more muted growth, but still managed to turn good profits from both local and international operations.

Standard Bank Group Investor Tip

  • Standard Bank announced early in 2016 that its full-year profit would rise by up to 30%, boosted by lower losses from discontinued operations outside Africa. This is
    forecast to significantly boost willingness to buy the stocks and increase Standard Bank share price.

  • Diluted normalised headline earnings per share are anticipated to be between 20 –30% higher for the 12 months to end-December. Standard Bank share price took a sharp plunge from R 175 in 2015 to R99 at the beginning of 2016, as a result of South Africa’s tough economic environment. Standard Bank shares are however starting to track an upward line on the live online stocks chart, and are touted as a good value-for-money purchase.

Standard Bank Major Shareholders

Industrial and Commercial Bank of China, Public Investment Corporation, Tutuwa Participants.

  • Sector

    Financial

  • Industry

    Banking

  • Sub industry

    Banks

How to buy Standard Bank Group Shares

  • Standard Bank : How to buy Standard Bank Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Standard Bank Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Standard Bank Holdings and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Standard Bank Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Standard Bank.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

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<a href="https://www.sashares.co.za/standard-bank-shares">Credits: SA Shares™</a>
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