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Guaranty Trust Bank Plc- Decent Result but Signs of Lower ROE Emerges

Culled—Proshare March 15, 2018/ARM Research  Guaranty Trust Bank (GTB) released full-year 2017 audited numbers announcing a 34% YoY expansion in EPS to N6.03 (2017E: N5.67). In addition, the bank declared… Read more »

GTBank Announces Full Year 2017 PBT of N200.24Billion

March 14, 2018/GTBank Plc Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges. A review… Read more »

STANBIC Reports Q4 2017 Results – Proposed Final Dividend of 50k Below Expectation

Culled—Proshare March 14, 2018/FBNQuest Research  Event: Stanbic IBTC Holdings (Stanbic) reports Q4 2017 results Implications: Limited reaction from the market likely Positives:  Strong growth in non-interest income, +63% y/y Negatives: Proposed final… Read more »

GTBank Reports Q4 2017 Results – Funding Income Declined by 9% YoY

Culled—Proshare March 14, 2018/FBNQuest Research   Event: GT Bank reports Q4 2017 results Implications: Slight positive reaction once the market has digested the figures properly Positives: PBT grew by 85% y/y,… Read more »

Zenith Bank Plc – Strong Trading Gains Mask Huge Provisioning

Culled—Proshare March 31, 2018/Vetiva Research  • Top and bottom line beats estimates, up 47% and 37% y/y respectively • Loan portfolio moderates 8% y/y, despite strong balance sheet growth • Liquidity ratio and… Read more »

Zenith Bank Plc Reports Q4 2017 Results – Q4 Provisions Spiked by 388% YoY

Culled—Proshare March 12, 2018/FBNQuest Research  Event: Zenith Bank reports Q4 2017 results Implications: Positive reaction by the market likely; likely upward revision to consensus forecasts Positives: Q4 PBT up 27% y/y… Read more »

ZENITHBANK First Glance: Q4-17 PAT; Impressive 2017FY Performance

March 12, 2018/Cordros Update Zenith Bank Plc (ZENITH) released its FY 2017 results which showed that Gross earnings was higher by 46.69% during the year at NGN745.19 billion – 55.14%… Read more »

ZENITHBANK Says 2017 Post-Tax Profit Climb 37.20%, Proposes N2.45 Kobo Final Dividend

By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Monday said its post-tax profit for the period ended December 31, 2017 climbed up 37.20 percent to… Read more »

NASCON Says PAT Up 121.25% in 2017, Offers N1.50 Per Share Dividend

March 9, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Salt refining company, NASCON Allied Industries Plc said on Friday its profit after tax (PAT) for the period ended December 31, 2017 grew 121.25… Read more »

Nestle and Cadbury: What Makes the Difference

March 9, 2018/Cordros Capital I was on a local TV programme yesterday to discuss NESTLE’s already published 2017FY results. I also discussed my expectation of the soon-to-be released consumer goods… Read more »