Results & Dividends

Access Bank Q2 2020 Results Review: Solid Upside Potential Post Sell-off YTD

Culled—-Proshare September 15, 2020 By FBNQuest Research 9% increase to our price target post rollover to 2021E Access Bank (Access) management reaffirmed its 2020E ROE guidance of 20-25%. Although its H1 2019 PAT – including other comprehensive income (OCI) – of N80.3bn implies an annualised ROAE of 25.4%, we believe […]

Guaranty Trust Bank Plc H1 2020: Jump in Credit Losses Weakens Earnings

September 12, 2020/InvestmentOne Report ·         Net interest income of N63.33billion, down 1.48%q/q , down 10.01%y/y      ·         Non-interest income of 35.60billion, down 0.63%q/q, 3.86%y/y. ·         Profit before tax of N51.51billion, down 11.50%q/q, 28.45% y/y. ·         Profit after tax of N44.20billion, down 11.71%q/q, 29.86%y/y. Loan Impairment Rises in Q2 2020 Last […]

Zenith Bank Plc H1 2020: Weak q/q Performance but y/y Earnings Improve Marginally

September 12, 2020/InvestmentOne Report ·         Net interest income of N75.91billion, down 6.86%q/q , up 34.64%y/y ·         Non-interest income of N69.85billion, up 49.76%q/q, down 9.38%y/y. ·         Profit before tax of N55.34billion, down 5.87%q/q, up 1.75% y/y. ·         Profit after tax of N53.30billion, up 5.49%q/q, 0.58%y/y.  Jump in Credit Loss Weighs in […]