Tag: Zenith Bank
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Zenith Bank last week released its first quarter 2025 results. The bank made N949 billion in revenue (up 2.68% from the same period last year). Its about a N100 billion shy from joining a select group of firms that generate N1 trillion in revenue every quarter. The bulk of revenue came from interest income (more…
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Good morning and welcome to this week’s Bulls and Bears. This is a weekly thread i do on the NGX and US equity space. If you have any questions, you can tweet at me You can also send an email to info@greentickertales.com or use the anon link Starting with the NGX The market opened for…
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Zenith Bank held an earnings call last week, to discuss its audited FY 2024 results. Management touched on a bunch of topics including pausing Holdco plans, returning to its usual dividend payout ratio and stage 2 loans. Suspending Holdco Pursuing holdco would have delayed recapitalization. Suspended Holdco to raise capital. After capital raise, focus is…
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Good morning and welcome to this week’s edition of Bulls and Bears. Bulls and Bears is a weekly thread i do on the US equity space. Today’s thread will be taking a somewhat different approach. Starting with the now. Every single major stock market in the world is now in the read, a fallout from…
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While Zenith had decent 9M 2024 gross earnings and profit, stage 2 impairment provisions are a concern. About the bank Zenith Bank Plc was incorporated in Nigeria under the Companies and Allied Matters Act as a private limited liability company on May 30, 1990. It was granted a banking licence in June 1990, and commenced…