October 12, 2016/UBA Plc Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. […]
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NSE Sustains Bullish Trend on Buy Interest in Banking, Consumer Goods Stocks
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday sustained its bullish trend as the all-share index (ASI) climbed 0.39 percent to close the session at 28,034.32 points, following buying interest in Consumer and Banking names. “Today’s performance further reduced the Month-to-Date and Year-to-Date losses to 1.06 percent and […]
UBA Rated Outperform; Records 16% PBT Growth YoY in Q3 2016 Results
Culled—Proshare Event: United Bank for Africa (UBA) reports Q3 2016 results Implications: Slight positive reaction by the market likely Positives: Q3 PBT up 16% y/y, 18% ahead of our estimate Negatives: Limited to opex growing 25% y/y, surprising negatively by 27% UBA’s Q3 2016 results which were released this morning […]
