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). […]

May 5, 2021/Proshare by FBNQuest Research 29% cut to our price target We lower our recommendation on Stanbic IBTC (Stanbic) to Underperform from Outperform and cut our price target by 29% to NGN37.7 following a significantly weaker-than-expected Q1’21 set of results. Relative to our forecasts, the variance in earnings was […]