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    Saturday, August 22

    GTCO Hits All-Time High on Earnings Outlook Optimism

    Julius AlagbeBy Updated: Analysis No Comments1 Min Read
    GTCO Hits All-Time High on Earnings Outlook Optimism

    GTCO Hits All-Time High on Earnings Outlook Optimism

    GTCO Plc share price climbed to close at an all-time high of N59 in the stock market as investors’ appetite for Tier-1 banking group increased. The banking group gained attention on new optimism and surged to N59 per share ahead of 2025 earnings.

    Investors bet on GTCO on the expectation that the financial services group would continue to deliver results and boost shareholders returns.

    According to trading data, GTCO’s share price rose to N59 on Tuesday after more than 4 million shares were traded on the Nigerian Exchange platform, up from N58 in the previous day.

    Hence, the Nigerian Exchange valued GTCO’s 29.431 billion shares outstanding for N1.736 trillion on Tuesday ahead of the company’s fourth quarter earnings release.

    GTCO has shown its strong earnings strength and capability with more than N1 trillion in profitability while a sustained high interest rate environment continues to strengthen margin.  #GTCO Hits All-Time High on Earnings Outlook Optimism Equities Investors Gain N471bn as MTNN, Transcorp Rally

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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