Shore Capital has maintained its Sell rating on Standard Chartered, citing risks from a recent investigation into sanctions-linked payments involving a Russian platform that moved $6.9 billion through the global financial system. About $1.1 billion of these payments passed through Standard Chartered's Hong Kong accounts, raising concerns about sanctions and compliance risks in its emerging market operations. While no wrongdoing or regulatory penalties have been reported, the episode highlights vulnerabilities in the bank's cross-border trade focus in Asia, Africa, and the Middle East. Shore Capital's Sell call is driven mainly by valuation, with a 24% downside implied, despite positive profit forecasts for 2026-2028.
Standard Chartered's emerging-market risks are highlighted amid a $6.9 billion sanctions-linked payment investigation involving its Hong Kong accounts. For readers following the Financials sector, here is Pluang's market snapshot as of Sep 23, 2026 19:01 WIB: out of 85 US Financials stocks, 41 rose and 39 fell. Notable movers include Prudential PLC (PUK) at USD 25.30 with a -2.13% change, Coinbase Global (COIN) at USD 196.99 with a -2.03% change and typical hold time of 77 days, and Riot Platforms Inc (RIOT) at USD 24.46 with a -1.89% change and Pluang order activity showing 71% Sell.
Oppenheimer lowered Nike's price target to $52 from a higher level, reflecting concerns over falling sales and macroeconomic challenges. Despite Nike's stock trading near its 52-week low around $35.35, the new target implies a potential 44.85% upside...
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