Culled—Proshare October 19, 2017/Vetiva Research · Earnings beat despite weaker top line · Contained loan loss provision – 44% better than our estimate · Cautious credit stance, loan portfolio declines 10% Earnings beat despite y/y moderation in top line GUARANTY continues to post strong earnings performance with PAT coming in […]
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ASHON shops for N500m to commence commodity exchange
October 19, 2017/Guardian Promoters of the proposed Commodity and Futures Exchange under the aegis of the Association of Stockbroking Houses of Nigeria (ASHON) have endorsed the N500 million private placement capital raising option to flag off its operation. Besides, the members are demanding for more information to enhance their investment […]
GTBank Plc Q3 2017 Report: EPS Rose 7.25% y/y in 9M-17, Despite 59.21% Decline in NIR
October 18, 2017/Cordros Research This afternoon, Guaranty Trust Bank Plc (GUARANTY) published Q3-2017 result wherein gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates […]
