Culled—Proshare March 12, 2018/FBNQuest Research Event: Zenith Bank reports Q4 2017 results Implications: Positive reaction by the market likely; likely upward revision to consensus forecasts Positives: Q4 PBT up 27% y/y Negatives: Q4 provisions spiked by 388% y/y This afternoon, Zenith Bank (Zenith) published its Q4 2017 results which showed that […]
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Nigerian Equities Market Opens Week Down -0.26% on Sell-Offs in Banking, Consumer Goods Counters
March 12, 2018/InvestmentOne Report The Nigerian equities market closed the first trading session of the week in the red, losing 0.26% Also, market breadth index ended negative with 34 decliners against 19 gainers. UNIC (+9.52%) was the best performing stock in today’s trading session while REGALINS (-5.71%) was the top […]
ZENITHBANK First Glance: Q4-17 PAT; Impressive 2017FY Performance
March 12, 2018/Cordros Update Zenith Bank Plc (ZENITH) released its FY 2017 results which showed that Gross earnings was higher by 46.69% during the year at NGN745.19 billion – 55.14% higher than Bloomberg’s polled estimates, and 8.49% higher than our forecast. Interest income (+23.42%) increased to NGN474.63 billion – lagging […]
