Browsing: Analysts

Guinness Nigeria Stock Cuts to Neutral as Impairment Losses Damage Earnings

Wema Bank: Weak Earnings, Bleak Outlook Validate Concerns on Vulnerability – Meristem
Lender’s Suffered Regulatory-Induced Risk Straining Earnings
₦89.14 billion CRR Debit Against Lender, Earned Zero Interest
Equity Analysts Downgrade Stock to SELL
Topline Outlook Revised from Modest to Bearish Due

With the rampaging coronavirus and associated impacts on the economy, analysts have stated

‘Economic, Regulatory Pressures to Suppress Banks Q2 Earnings by 8%’. Amidst concern for economic recession which has generally clouded earnings outlook for 2020, analysts have estimated 8% cuts in banks second quarter earnings.

Monetary Policy Committee cuts benchmark interest rate to 12.5%. Against investment banking analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Thursday cut the policy rate from 13.5% to 12.5%.

Fidelity Bank: Analysts lower lender’s estimate on assets quality concern. Fidelity Bank is facing steep cost pressure that is diluting lender’s margin, though analysts recognised that growth in earnings asset drove top line performance in the first quarter of 2020.

Neimeth: Analysts maintain buy rating on earnings upbeat, fundamentals Neimeth International Pharmaceutical Plc operational relevance is quite important at this…

Analysts See DANGCEM Share Price Going Vertical, Maintain BUY Rating  

Fidelity Bank bolsters earnings; beats analysts’ consensus estimates. Fidelity Bank Plc has set quite a steep performance record as the leading retail lender bolster earnings to beat consensus analysts’ estimates.

Equity market sinks to ₦11.505 trillion amid COVID-19 Bouts. As Nigerians are becoming apprehensive following an increase in reported cases of COVID-19, the performance of equity market today plunged as year to date losses widen.