September 2, 2021/Proshare FBNQuest Research 3% reduction to our price target Although Zenith Bank’s Q2 ’21 results were broadly in line with our forecasts, we have cut our FY ’21f EPS forecast by -6% to reflect the subdued interest rate environment. Following lower asset yields, interest income from T-bills and […]
Results & Dividends
Access Bank Plc H1-21: Funded Income Growth Drives Performance
September 2, 2021/Cordros Report ACCESS released its audited H1-21 interim financial report earlier today, which showed that the bank recorded significant earnings growth supported by the core income segment. Improvements in the bank’s funded business has continued to outperform its counterparts and deviate from the pattern recorded in the year […]
Total Nigeria Q2 2021 Results Review: Strong H1 Performance; On Track for a Record Year
September 2, 2021/Proshare By FBNQuest Research we retain Outperform rating on Total shares Total’s Q2 ’21 results were strong across the P&L. Sales were up 132% y/y to NGN84.6bn, driven by a recovery in all segments. Although we had expected sales to compare favourably with last year because of lockdowns […]
