August 30, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed the trading session in red, as the all-share index (ASI) shed 0.77 percent, driven by losses on blue-chip stocks. InvestmentOne reports that market breadth index was negative with 11 gainers compared to 27 stocks that declined. According […]
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Access Bank Q2 2018 Initial Impression: Uninspiring Non-Interest Income Weighs Down PBT
August 30, 2018/InvestmentOne Report Net interest income of N40.6billion, down 9.0% q/q; up 0.8% y/y Non-interest income of N24.3billion, down 41.8% q/q, 49.3% y/y Profit before tax of N18.4.0billion, down 32.9% q/q; 24.7% y/y Profit after tax of N17.5billion, down 20.8% q/q; up 2.7% y/y Late yesterday, Access Bank released […]
Access Bank Reports Q2 2018 Results – PBT and PAT Both Declined by 23% YoY
Culled—Proshare August 30, 2018/NSE Event: Access Bank reports Q2 2018 results Implications: Access Bank’s Q2 2018 PBT of N18.4bn tracks behind ours and consensus 2018 PBT forecast N88.0bn and N89.0bn respectively. Historically, the final quarter of the year is usually its weakest. Consequently, we expect to see marked downward revisions […]
