Fidelity Bank Gains 8% as Investors Price in Earnings Outlook
With 8% weekly price surge, Fidelity Bank Plc crossed N1 trillion in market capitalisation as investors’ sentiment improved following the successful capitalisation announcement.
The stock market price of Fidelity Bank increased to N20.90 following a significant trading volume.
Data from the Nigerian Exchange (NGX) tracked by MarketForces Africa Research indicated that more than 31.35 million units of Fidelity Bank shares valued at N639 million were traded in the market on Friday.
The huge trading volume strengthened the bank share price movement, gaining 4.5% on the day, from N20 to N20.90. Over the last five trading sessions, Fidelity Bank gained 8%.
Market value of Fidelity Bank Plc.’s 50.212 billion shares outstanding surged to N1.049 trillion, tracking below its highest valuation in 52 weeks.
The bargain hunting preceded the tier-2 lender’s Q4 earnings release, reflecting investors’ positive expectation even on the 2026 performance outlook.
Fidelity Bank’s share of total industry assets increased marginally at the end of 9M 2025, while several other banks experienced a decline in their relative share, despite absolute asset growth, SAMTL said in a review note.
The report added that Fidelity Bank and one other lender delivered the fastest loan growth in percentage terms, driven by aggressive retail and SME lending, digital-led credit expansion, and targeted growth in consumer and MSME portfolios
The market anticipates interest income to increase on the back of strong loan growth, although the benefit will be constrained by narrower net interest margins as a result of lower policy rates. Zenith Bank Hits Highest Value in 52-Week as Earnings Loom
