- Vietinbank’s net income for the fourth quarter rose by 63% year-over-year, reaching 9.8 trillion dong compared to 6 trillion dong from the previous year.
- The bank’s total net income for the year 2024 amounted to 25.3 trillion dong, showing growth from 19.9 trillion dong in 2023.
- Net interest income increased to 16.3 trillion dong in the fourth quarter, up from 14.4 trillion dong the prior year.
- By December 31, 2024, Vietinbank’s total assets reached 2,385 trillion dong, an increase from 2,032 trillion dong at the end of 2023.
- Analyst recommendations for Vietinbank include 11 buys, with no holds or sells reported.
A look at Vietnam Joint Stock Commercial Bank For Industry and Trade Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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
Based on Smartkarma Smart Scores, Vietnam Joint Stock Commercial Bank For Industry and Trade shows a promising long-term outlook with strong scores in Growth and Momentum. With a Growth score of 4, the bank is positioned well for expansion and development in the future. Additionally, its Momentum score of 4 indicates positive market trends and investor sentiment. However, the bank lags in Dividend and Resilience scores, suggesting areas where improvement may be needed to enhance overall performance. The Value score of 3 signifies a fair valuation relative to its industry peers.
Vietnam Joint Stock Commercial Bank For Industry and Trade, specializing in commercial banking services and deposit offerings, aims to provide a range of financial products such as loans, insurance, brokerage services, lease financing, money transfers, and credit cards. While the bank demonstrates strong potential for growth and market momentum, attention may be required to boost resilience and dividend payouts for investors seeking stability and income. Overall, with a diversified suite of services, the bank is strategically positioned to capitalize on growth opportunities in the dynamic financial industry.
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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