Results & Dividends

Fidelity Bank Q2 2020 Results Review: More Subdued Earnings Outlook for H2

Culled—Proshare September 9, 2020 by FBNQuest Research 2021 EPS forecast and new price target unchanged Although Fidelity Bank’s Q2 2020 PBT growth was stellar, management alluded to a more subdued earnings outlook for H2. The outlook is on the back of lower NIM expectation following i) higher reinvestment risk for […]

Guaranty Trust Bank Nigeria Plc H1-20 Update: Costs Surge Pressures Earnings Performance

September 9, 2020/Cordros Report GUARANTY’s recently released audited H1-20 earnings which showed that the bank recorded a relatively weaker financial performance. While funded and non-funded income settled higher year-on-year, increased regulatory charges as well as VAT-induced cost increases resulted in the bank recording relatively weaker earnings. In our view, the […]

Guaranty Trust Bank Plc H1-2020 Audited Financial Result: …Restructuring into a HoldCo

September 9, 2020/United Capital Report …Restructuring into a HoldCo Earlier, Guaranty Trust Bank (“GUARANTY” or “The Bank”) released its H1-2020 results, showing a 1.5%y/y increase in Gross Earnings (GE) to N225.1bn, despite pressure on interest and non-interest income amid extreme regulatory environment and global public health crisis. However, PBT and […]