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 […]
Results & Dividends
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 […]
WEMABANK Says 2020 Profit Dips -12% to N4.6 Billion, Offers 4 Kobo Final Dividend
April 26, 2021 By Evans Charles InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Monday said its profit after tax (PAT) for the period ended December 31, 2020 declined 12 percent to N4.57 billion from N5.20 billion declared a year ago. Similarly, profit before tax (PBT) declined 12.2 percent […]
