May 3, 2017/Cordros Research Click here to download full PDF Report Last week, First Bank of Nigeria Holdings Plc (”FBNH”) released audited full year 2016 results, wherein gross earnings grew by 15.17% (1.86% above estimate), buoyed by growth in net insurance premium (+14.85% y/y) and significant improvement in non-interest revenue […]
Results & Dividends
Zenith Bank Still Offering Double-Digit Upside Potential
Culled—Proshare May 3, 2017/FBNQuest Research Raising our 2017E ROAE forecast to 18% after strong Q1 Following Zenith Bank’s better-than-expected Q1 2017 results, we expect market sentiment to improve towards the stock – despite still no official earnings guidance for 2017 from management. The results were quite strong, leading us to […]
Zenith Bank Plc Q1 2017 – EPS Beats Consensus’ as Higher Yields Drove Interest Income Northwards
Culled—Proshare May 3, 2017/Cordros Capital Zenith Bank Plc (ZENITHBANK) published Q1-2017 result last week, reporting double-digit growth across most line items – gross earnings surged 48.58% y/y and 15.74% q/q, supported by impressive growth in interest income (+40.29% y/y and 19.43% q/q) and non-interest income (94.28% y/y and 3.07% q/q). […]
