- Garanti’s second-quarter net income was reported at 28.3 billion liras, marking a 26% increase from the previous year.
- The net income figure fell short of market estimates, which were pegged at 29.64 billion liras.
- Net interest income for the quarter came in at 32.8 billion liras, representing a 25% rise year-over-year.
- Net fee and commission income surged to 34.5 billion liras, experiencing a notable 60% increase compared to the same period last year.
- The bank’s stock has garnered positive market sentiment, with 18 buy ratings and 5 hold ratings, and no sell recommendations.
A look at Turkiye Garanti Bankasi As Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
According to Smartkarma Smart Scores, Turkiye Garanti Bankasi As seems to have a positive long-term outlook based on its scores. With a Value score of 3, the bank is considered to be fairly valued. However, it excels in other areas such as Dividend, Growth, Resilience, and Momentum, scoring 4 on each factor. This indicates that the company is performing well in terms of paying dividends, showing growth potential, being resilient in challenging times, and having positive momentum in the market.
As a leading financial institution, Turkiye Garanti Bankasi A.S. offers a wide range of banking services including retail and commercial banking, lease financing, insurance, asset management, and more. Operating in multiple countries including Turkey, the Netherlands, Germany, Romania, and Russia, the bank has a diverse presence. The high scores in Dividend, Growth, Resilience, and Momentum suggest that Turkiye Garanti Bankasi As is well-positioned for long-term success and growth in the competitive banking sector.
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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