May 10, 2021/Cowry Asset Report In FY 2020, FBN Holdings Plc’s (“FBNH” or “the Bank”) profitability in FY 2020 was essentially boosted by its non-core businesses; that is, fee and commission income and gain on sale of investment securities. Net fee and commission income grew year-on-year (y-o-y) by 13.12% to […]

May 10, 2021/InvestmentOne Report   ·         Net interest income of N93.96billion, up 40.92%q/q , 30.12%y/y        ·         Non-interest income of N70.12billion, up 37.73%q/q, down 3.92%y/y. ·         Profit before tax of N60.05billion, up 545.77%q/q, 29.72% y/y. ·         Profit after tax of N52.55billion, up 1316.72%y/y, 28.39%y/y.. Strong Earnings Performance Recently, Access Bank […]

May 7, 2021/Proshare By FBNQuest Research  16% cut to our price target due to +150bp adjustment to risk-free rate FCMB’s Q1 ’21 PBT of NGN4.2bn was in line with our forecast. However, PAT missed by a wide margin because of a negative result of -NGN1.6bn in other comprehensive income (OCI). […]