Browsing: UBA

Few Months from Now, You’ll Probably Wish You Owned UBA shares.

UBA: High Cost, Impairment Charge Drag Earnings Performance United Bank for Africa, UBA, reported a mild growth at the topline…

ARM Securities Bullish on Bulge Balance Sheet Banking Stocks. Equity analysts at Asset and Resources Management (ARM) Securities have remained bullish on bulge balance sheet banks as analysts rated their stock strong buy.

Tier-1 Banks Pull ₦775 Billion Profits as Total Assets Hit N30 Trillion. Despite the slow growth in the economic, Tier-1 Banks were able to make the earnings season an impressive one.

Equity analysts advise investors to offload Unity Bank, Unilever, Guinness stocks. Equity pickers have advised investors to adjust portfolio with recommendation to Buy UBA, Sell UBN Hold FCMB, and Reduce Sterling but Accumulate Stanbic IBTC shares.

Stock market cap drops ₦12.2 billion due to sell-offs. The Nigerian Stock Exchange equities market capitalisation dropped by N12.2 billion on Tuesday to close at N14.3 trillion.

Fitch revises stance on Zenith, GTB, UBA, BOI to negative. Fitch Ratings, a global rating agency, has revised the outlooks on the Long-Term Issuer Default Ratings (IDR) of Zenith Bank, Guaranty Trust Bank Plc. United Bank for Africa Plc. and Bank of Industry Limited (BOI), to Negative from Stable and affirmed their IDRs at ‘B+’.

Deloitte faults application of IFRS 9 by Nigerian Banks. Many Nigerian banks applied International Financial Reporting Standard 9 impairment provisioning modelling differently, thereby making comparison a tough task, Deloitte Nigeria’s report has revealed.

Analysis of statements of financial position of Tier-I banks shows that their combined assets hit N26.797 trillion

Tier-1 Banks stocks in red as market brush off earnings performance