- Bank Millennium reported a net income of 173 million zloty in the fourth quarter, surpassing estimates of 74.7 million zloty.
- Net income showed a significant year-over-year increase of 50%.
- Net fee and commission income slightly decreased by 1.1% year-over-year, achieving 188 million zloty against an estimate of 188.8 million zloty.
- Net interest income matched expectations at 1.51 billion zloty, reflecting a 17% year-over-year increase.
- Analyst recommendations include 7 buys, 2 holds, and 1 sell for Bank Millennium.
A look at Bank Millennium SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Millennium SA, with a promising Smart Score profile, demonstrates a strong long-term outlook. The company excels in Growth and Momentum, indicating a positive trajectory for future expansion and market performance. These high scores suggest a potential for robust business development and increased investor interest in the coming years, positioning Bank Millennium SA as a key player in the financial sector.
Despite some areas for improvement in Value and Dividend, the company showcases resilience in the face of challenges. With a solid foundation in commercial and consumer banking services, credit offerings, and investment banking, Bank Millennium SA stands as a reliable institution for both customers and stakeholders. The company’s strategic focus on growth and momentum underscores its commitment to sustainable progress and innovation within the industry.
Summary of the company based on the provided description:
### Bank Millennium S.A. attracts deposits and offers commercial and consumer banking services. The Bank offers credit, lease financing, securities brokerage, pension plans, factoring, and investment banking services. The Bank also sponsors credit and debit cards. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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