September 10, 2021/Proshare By FBNQuest Research 13% cut to our EPS forecasts over the 21-23f period DSR’s Q2’21 earnings surprised negatively. As such, we have lowered our EPS forecasts over the 21-23f period by 13%. However, our new price target of NGN18.7 is up 3% because we have rolled over […]
Results & Dividends
GTCO H1 2021: Year-on-Year Decline in Interest Income Weighs on Bottom Line
September 10, 2021/CSL Research Guaranty Trust Bank Plc, now known as Guaranty Trust Holding Company Plc’s H1 2021 AUDITED results showed a significant decline of 18.0% y/y in Interest Income mainly due to a significant dip in interest income on investment securities as portfolio yield on treasury bills closed at […]
UBA Plc H1-21: Net Interest Income Growth Buoys Earnings
September 10, 2021/Cordros Report Event: UBA released its half-year audited financials yesterday afternoon, which showed that the bank recorded strong earnings growth during the period. The core income segment supported this performance, driven mainly by improvements in funding cost as non-core income contrastingly declined year-on-year. Consequently, the bank recorded an […]
