Culled—Proshare March 21, 2018/FBNQuest Research Event: Access Bank reports Q4 2017 results Implications: Likely downward revisions to consensus PBT forecasts and negative reaction from the market Positives: Funding income grew 28% y/y: opex declined by 21% y/y Negatives: PBT fell by 67% y/y due to a reduction in non-interest income and a […]
Results & Dividends
Access Bank Says 2017 Post-Tax Profit Down 13.2% to N61.99 Billion
By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Wednesday its post-tax profit for the period ended December 31, 2017 declined13.2 percent to N61.99 billion from N71.43 billion recorded a year ago. In the same vein, pretax profit dropped 11.4 percent to N80.07 billion […]
Guaranty Trust Bank Q4 2017 Results Review – Modest 2018 PBT Growth Guidance
Culled—-Proshare March 21, 2018/FBNQuest Research 7% cut to earnings and price target GT Bank’s 2018 PBT guidance of N205bn implies PBT growth of just 2.4% (excluding recoveries). If that figure is achieved, it would mark the weakest year of PBT growth since 2010, although close to the 4% in 2013 […]
