April 28, 2021/United Capital Research Recently, major downstream player, TOTAL (“the company or the firm”) released its audited financial result for FY-2020. It was evident that the peculiarities of the economic lockdown, which included the cancellation of local and international flights and the restriction of economic activities (and consequently vehicular […]
Results & Dividends
Fidelity Bank Says Q1 ’21Profit After Tax Grew +63.7% to N9.6 Billion
April 27, 2021 By Evan CHARLES InvestAdvocate Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Monday its post-tax profit for the unaudited first quarter (Q1) period ended March 31, 2021 grew +63.7 percent to N9.59 billion from N5.85 billion posted a year ago. Pretax profit of the Bank also appreciated +53.9 […]
GTBank Q1 2021 Results Review: Q1 ’21f Annualised ROAE Tracking Below Guidance
April 27, 2021/Proshare By FBNQuest Research Price target down -12% due to 100bp upward revision to risk-free rate GT Bank’s Q1 ’21 PBT missed our forecast by c.7% mainly because of a negative surprise in funding income. The negative surprise was underscored by lower asset yields derived from rolled-over […]
