Culled—Proshare October 18, 2017/FBNQuest Research Event: GT Bank reports Q3 2017 results Implications: On track to beat consensus full year PBT forecast of N193bn Positives: Marked y/y declines in opex and provisions Negatives: Weaker-than-expected non-interest income This afternoon GT Bank (GTB) published its Q3 2017 results. Although the bank’s results […]
Results & Dividends
GTBank Plc: Q3 2017 Results: Key Highlights
October 18, 2017/InvestmentOne Research GTB released its Q3 2017 results earlier today. Please find key highlights of the Q3 2017 results below: · Net interest income of N60.0bn, down -5.3% q/q; +11.9% y/y · Profit before tax of N48.9bn, down -3.5% q/q; -11.3% y/y · Profit after tax of N41.9bn, […]
UBA Plc – Mixed Q3 Results; Retaining Neutral Rating
Culled—Proshare October 18, 2017/FBNQuest Research 6% Cut to Our Earnings Estimates and Price Target UBA’s Q3 2017 PBT came in weaker than expected, mainly because of a negative surprise in opex (c. 11% higher than our forecast). To a lesser extent, subdued funding income (c. 5% lower than our estimate) […]
