- Garanti reported a net income of 25.3 billion liras in the first quarter, exceeding the estimate of 23.19 billion liras.
- Net income showed a yearly increase of 13%.
- Net interest income rose to 30.4 billion liras, marking a 55% increase from the previous year.
- Net fee and commission income reached 29.7 billion liras, representing a 59% year-on-year growth.
- Analyst recommendations included 17 buys, 6 holds, and 0 sells.
A look at Turkiye Garanti Bankasi As Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| 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 the Smartkarma Smart Scores, Turkiye Garanti Bankasi As is positioned well for the long term. With high scores in Dividend and Value, the company shows strength in providing good returns to its investors and being considered undervalued. Additionally, with solid scores in Growth and Resilience, Turkiye Garanti Bankasi As demonstrates potential for expansion and the ability to withstand economic challenges. Although the Momentum score is lower, the overall outlook for the company seems positive based on its strong performance in key areas.
Turkiye Garanti Bankasi As, a financial institution offering a range of services in various countries, appears to be navigating well in its operations. With a diverse offering including banking services, insurance, asset management, and more, the company seems well-positioned to cater to a broad spectrum of needs. Operating in multiple countries, including Turkey and several European nations, Turkiye Garanti Bankasi As has established a robust presence in the financial sector, which bodes well for its future prospects.
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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