Is the rare dip in this FTSE powerhouse’s share price just the right time for investors to consider buying it?
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Shares in FTSE 100 bank Standard Chartered (LSE: STAN) are down 29% from their 3 March one-year £12.81 traded high.
This is an unusual dip in the share’s price, but is still up 44% from its 17 April 12-month low of £6.35.
I have been sorely tempted to buy the stock for a while now for reasons analysed below. However, the fact that I own shares in two other banks – HSBC and NatWest – prevents me from doing so. Adding another banking stock to these would unbalance the risk-reward profile of my overall portfolio.
However, for investors whose portfolios this suits, the current price dip might mean a great buying opportunity to consider.
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