Culled—Proshare October 19, 2016/FBNQuest Research Event: GT Bank reports Q3 2016 results Implications: Positive reaction by the market likely Positives: Strong non-interest income of N46.3bn, up +184% y/y Negatives: A significant increase (+662% y/y) in loan loss provisions GT Bank’s Q3 2016 results which were published today showed a very […]
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Stocks Extend Decline as Investors Reduce Exposure
By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Nigerian Stocks on Wednesday extended its decline for the third consecutive session as the all-share index (ASI) dropped by 0.28 percent to close at 27,478.04 points. “Today’s negative performance increased the Month-to-Date and Year-to-Date losses to 3.03 percent and 4.20 percent respectively,” according to reports […]
GTBank Says 2016 Nine Months Profit Up
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its nine months profit for the period ended September 30, 2016 increased 59.6 percent to N119.9 billion from N75.2 billion recorded a year ago. Also, profit before tax (PBT) grew 53.0 percent to N140.8 billion […]
