The Standard Bank has long dominated South African banking. It is the biggest bank in South Africa in terms of assets, with more than 20 nations in its portfolio. Despite slower economic growth in South Africa, the bank has managed to increase its headline earnings to USD 1.23 billion (ZAR 22 B).
The Group CEO Simpiwe Tshabalala stated that shareholder returns are a priority for the Group.
Below, we discuss the current Standard Bank share price data and the Group’s financial reports.
Standard Bank Shares: Data and Analysis
The Standard Bank is listed on the Johannesburg Stock Exchange (JSE) as SBK (JSE:SBK).
The current share price (JSE) is R233.21 – R235.87, with a dividend yield of 6.29%. The market capitalization is impressive at USD 21.96 billion (R 393.04 B).
For the first half of 2024, shareholders received a 4% increase in headline earnings per share reaching USD 0.73 (ZAR 13) per share. The current earnings per share (TTM) is USD 147.39 (ZAR 2639.55).
For additional stats, refer to the table below.
Standard Bank Share Price JSE Data
| Market capitalization | USD 21.95 billion (ZAR 393.04 B) |
| Price range | USD 13.02-13.17 (ZAR 233.21 – 235.87) |
| EPS-TTM | USD 147.39 (ZAR 2639.55) |
| Dividend yield | 6.29% |
| Authorized shares | 2 million |
| Issued shares | 1.67 million |
| Price-to-earnings (P/E) ratio | 8.9% |
The Current State of Standard Bank Shares
Standard Bank opened its first branch in Johannesburg in 1886. This historic bank has demonstrated financial strength and commitment to growth throughout the decades.
For the first half of 2024, the bank reported total headline earnings of USD 1.23 billion (ZAR 22 b) and return equity of 18.5% for the first half of 2024.
Its net asset value per share grew by 5%, and interim dividend share was up by 8%.
Furthermore, the financial service provider had a 5% increase in active clients, bringing the total to 19.5 million. Standard Bank has cemented itself as one of the leading banks in South Africa, and it will be there to stay.
However, the entire country’s economy will inherently affect its biggest banks. Economists have described South Africa’s economy as a “slump,” with a decade of weak economic growth.
According to Group CEO Sim Tshabalala, the sluggish growth and the government’s lack of decisive reforms could lead to missed investment opportunities. However, he says that the trajectory is worrying but not irreversible.
He adds that the Group’s priority is shareholder returns and aims to direct South African investors back to their home market.
Forecast on Standard Bank Online Share Trading
Standard Bank is well-positioned to navigate these risks despite a difficult operating environment and continues to earn strong earnings and attractive returns.
Over the past two years, the banking company has limited exposure to rising debt by focusing on credit extension for businesses and governments rather than individuals.
The bank is confident that the business will grow much faster now that the interest rates are declining. Because of this, Standard Bank has continued to expand in untapped African markets and ensure profitable returns for its shareholders.
The historic bank still ranks first in forex stability and liquidity and continues to expand its services across Africa and North America.
About Standard Bank Group Limited
Standard Bank Group Limited is a South African financial services provider listed on the Johannesburg Stock Exchange (JSE:SBK).
Revered as the oldest bank in Johannesburg, it operates in the following four segments:
- Personal & Private Banking. Tailored for individual clients with comprehensive financial services solutions.
- Business & Commercial Banking. This segment caters to small and medium-sized businesses and large commercial enterprises.
- Corporate & Investment Banking. For large multinational, regional, or domestic companies and governments.
- Insurance & Asset Management. Provides long and short-term insurance in health, investment, and asset management
As of this writing, its headquarters are at 5 Simmonds Street, Johannesburg, South Africa, and its contact details are + 27 (11) 636 1061.
Convenient Services
As the leading bank in South Africa, Standard Bank offers an array of services, which are among the reasons its clientele has reached 19.5 million.
If you want to invest in this sought-after financial provider, here are some common services from which loyal clients benefit. Most of these services are available through the Standard Bank mobile app.
How to buy Airtime with Standard Bank
Launch the Standard Bank mobile app. Unlock using your phone’s built-in fingerprint sensor.
Click “Buy” in the bottom navigation area. This will prompt the screen for services you can buy.
Find and select “Airtime.” Your screen will update with a list of available airtime vouchers.
Select the option you want to buy and click “Confirm.”
To avoid scammers, you will receive a One-Time Password (OTP). Enter the OTP and click “Submit.”
Once your payment is complete, a notification will appear stating “Payment Successful,” and you now have Airtime!
How to buy electricity with Standard Bank
Much like buying Airtime, open your app and unlock it.
Click “Buy,” and a selection will appear. Find and click “Electricity,” and a new window will appear. Click on the blue “Amount” field and enter the amount you wish to spend on electricity.
You will then receive an electricity voucher via SMS. Click the “Send Voucher to” and enter your mobile phone number.
Additionally, you will have to specify the meter you want to load. To add your meter number, click on the “Meter Number” field.
Once you have reviewed your details, click “Confirm.” A “Purchase Successful” notification will appear if the purchase is complete.
Standard Bank Investment Calculator
If you are already a stockholder at Standard Bank, you can use the Investment or Dividend Calculator at their website.
This calculator will show you your total dividend and your dividend per share. Input your dividend payment date and the number of shares you have.
Recent News
Earlier this year, Standard Bank announced its new executive appointments. Kenny Fihla will take on dual roles as the new CEO of The Standard Bank of South Africa Limited (SBSA) and Deputy Chief Executive of the Group.
New senior executives mean new policies, changes in operations, and other fundamental strategies. These could affect a company’s earnings and shareholders’ stakes.
However, Group CEO Tshabalala is confident in his new appointments and affirms their solid financial background. He states that these new appointments aim to simplify and strengthen the company’s management structures, improve competitiveness, and continue its robust growth momentum.
The changes in senior executives are effective September 1, 2024.
How-To: Standard Bank Online Share Trading
- Conduct research & analysis. This is what you are doing now!
- Select the code “SBK as the purchase you want to make. Standard Bank is listed as SBK on the Johannesburg Stock Exchange (JSE).
- Find a broker that offers access to JSE. You will need to open a brokerage account with a licensed stockbroker in South Africa. Research and consult other investors to avoid brokers that may exploit your capital. If possible, join a sincere community of traders such as CommuniTrade to find the right brokers and help you make favorable decisions.
- Open and fund your account. Open an account through your broker. You can transfer funds from your bank to your brokerage via electronic funds transfer or deposit a check to your broker’s office. Either way, you can conveniently view your stocks online.
- Identify the right order. Stocks come in order types. Your account will allow you to view which orders your broker offers.
- Monitor your investment. Be patient! Some investments may take time before significant returns come up.
