FCMB Group Plc (NSE Ticker: FCMB), in an earnings forecast released earlier today to the Nigerian Stock Exchange (NSE) and the investing public projected a Profit after taxation of N4.130 billion for the fourth quarter ending 31 December 2020.
The forecasted profit after taxation will be 40.39% lower than the N6.928 billion profit after tax reported for the fourth quarter period ending 31 December 2019.
The forecasted Gross earnings of N45.462 billion is also 10.61% lower than the N50.860 gross earnings the banking group recorded in the fourth quarter of 2019.
Written by;
Nnamdi M.
Fcmb share price reached it’s 52weeks high today, do you there’s still room for growth?
We believe there is still little room for growth. One might consider looking at FCMB’s contemporary Fidelity Bank that is yet to appreciate even though it has similar or even better books than FCMB. We believe FIDELITYBK have a larger room for growth than FCMB at their current prices.