External broker reports(aggregated public sources), CardinalStone

CardinalStone

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing.

Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Equity Bottom-Up

<ul><li>First City Monument Bank Plc (FCMB) is revealing a strong recovery trajectory, with its H1'25 N73.4 billion earnings already eclipsing the N73.3 billion achieved over FY'24.</li><li>We expect FY'25 earnings to come in at N171.9 billion (+133.7% YoY), supported by FCMB's deliberate measures to remediate funding pressures that impacted Net Interest Margin (NIM) and profitability in FY'24.</li><li>These initiatives include: (1) leveraging the capital raised in 2024; (2) improving digital payments and collection solutions; and (3) deepening penetration in the premium and institutional banking segments.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

First City Monument Bank Plc (FCMB) is revealing a strong recovery trajectory, with its H1'25 N73.4 billion earnings already eclipsing the N73.3 billion achieved over FY'24.We expect FY'25 earnings to come in at N171.9 billion (+133.7% YoY), supported by FCMB's deliberate measures to remediate funding pressures that impacted Net Interest Margin (NIM) and profitability in FY'24.These initiatives include: (1) leveraging the capital raised in 2024; (2) improving digital payments and collection solutions; and (3) deepening penetration in the premium and institutional banking segments.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

First City Monument Bank Plc - Projected Earnings Recovery on NIM Protection Initiatives

FCMB Group

First City Monument Bank Plc - Projected Earnings Recovery on NIM Protection Initiatives