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>We retain an optimistic view for FIRSTHOLDCO’s Net-Interest Income (NII), revising our FY’25 estimates upward by 15.5%.</li><li>This revision was prompted by the notably strength in FIRSTHOLDCO’s NIM, maintaining its upward trajectory (+1.3 ppts YtD to 11.3% in 9M’25).</li><li>Precisely, NII is expected to reach N2.0 trillion and serve as the key driver for the upward revision of our PAT forecast to N623.9 billion (from N540.2 billion previously).</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>

We retain an optimistic view for FIRSTHOLDCO’s Net-Interest Income (NII), revising our FY’25 estimates upward by 15.5%.This revision was prompted by the notably strength in FIRSTHOLDCO’s NIM, maintaining its upward trajectory (+1.3 ppts YtD to 11.3% in 9M’25).Precisely, NII is expected to reach N2.0 trillion and serve as the key driver for the upward revision of our PAT forecast to N623.9 billion (from N540.2 billion previously).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 HOLDCO PLC - Positive Re-Rating Backed by Real Earnings Strength

First HoldCo

FIRST HOLDCO PLC - Positive Re-Rating Backed by Real Earnings Strength