May 11, 2020/InvestmentOne Report Net interest income of N81.50billion, up 33.3%q/q , down -5.4%y/y             ·         Non-interest income of N46.64billion, down -39.9%q/q , up 42.8%y/y. ·         Profit before tax of N58.79billion, down -12.4%q/q , up 2.6% y/y. ·         Profit after tax of N50.53billion, down -13.1%y/y , up 0.6%y/y.  Weak Non-interest […]

May 11, 2020/InvestmentOne Report          Net interest income of N60.25billion, down 23.51%q/q , down 15.92%y/y ·         Non-interest income of N54.78billion, down 18.47%q/q, up 83.15%y/y. ·         Profit before tax of N28.68billion, up 5.85%q/q, up 61.45% y/y. ·         Profit after tax of N23.14billion, down 9.27%y/y, up 59.33%y/y.  Lower Impairment Supports q/q performance […]

Culled—Proshare May 8, 2020 FBNQuest Research 7% reduction to our price target We keep our Outperform rating on Zenith Bank (Zenith), but make a -7% downward adjustment to our price target to N44.6, implying a potential upside of 193% from current levels. In contrast to the cut to our price […]