Standard Chartered Still Undervalued Despite Rally, Says CEO

Standard Chartered Plc shares still have potential to soar even after an 85% increase in the stock over the past year, according to Chief Executive Officer Bill Winters.

“I think we’ve got a lot further to go,” Winters said in an interview with Bloomberg TV in Davos, Switzerland. “I mean, our share price has gone up because we’re making more money and our earnings are improving, and our earnings are improving because we’ve got some really good strategic positioning.”