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>In its unaudited 9M’25 financial results, Zenith Bank Plc (NGX: ZENITHBANK; TP: UR*) reported a weaker bottom line, as Profit Before Tax (PBT) and Profit After Tax (PAT) declined by 8.5% and 7.6% YoY to N917.4 billion and N764.2 billion, respectively.</li><li>The earnings contraction primarily reflected the outsized impact of a significant loan impairment charge booked in Q2’25, alongside a sharp drop in Non-Interest Revenue (NIR).</li><li>Gross earnings grew by 16.3% YoY to N3.4 trillion, underscoring the resilience of the bank’s core business. </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>

In its unaudited 9M’25 financial results, Zenith Bank Plc (NGX: ZENITHBANK; TP: UR*) reported a weaker bottom line, as Profit Before Tax (PBT) and Profit After Tax (PAT) declined by 8.5% and 7.6% YoY to N917.4 billion and N764.2 billion, respectively.The earnings contraction primarily reflected the outsized impact of a significant loan impairment charge booked in Q2’25, alongside a sharp drop in Non-Interest Revenue (NIR).Gross earnings grew by 16.3% YoY to N3.4 trillion, underscoring the resilience of the bank’s core business. 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.

ZENITHBANK - Outsized Net Impairment Charge Softens 9M'25 Profitability

Zenith Bank PLC

ZENITHBANK - Outsized Net Impairment Charge Softens 9M'25 Profitability