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 recently released audited H1'25 financials, Zenith Bank Plc (NGX: ZENITHBANK— TP: UR*) reported a 7.9% YoY decline in profit after tax (PAT) to N532.2 billion.</li><li>This performance came despite an 89.5% YoY surge in net interest income (NII), as non-interest revenue (NIR) fell by 31.8% YoY and the bank recorded of N791.2 billion in loan impairment charges following its compliance with the Central Bank of Nigeria’s (CBN) directive to exit loan forbearance.</li><li>Core earnings remained strong, bolstered by the 3.87ppts expansion in net interest margin (NIM) to 12.5%, which drove the 89.5% YoY growth in NII.</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 recently released audited H1'25 financials, Zenith Bank Plc (NGX: ZENITHBANK— TP: UR*) reported a 7.9% YoY decline in profit after tax (PAT) to N532.2 billion.This performance came despite an 89.5% YoY surge in net interest income (NII), as non-interest revenue (NIR) fell by 31.8% YoY and the bank recorded of N791.2 billion in loan impairment charges following its compliance with the Central Bank of Nigeria’s (CBN) directive to exit loan forbearance.Core earnings remained strong, bolstered by the 3.87ppts expansion in net interest margin (NIM) to 12.5%, which drove the 89.5% YoY growth in NII.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 - Strong Core Earnings Amid Significant Provision Burden

Zenith Bank PLC

ZENITHBANK - Strong Core Earnings Amid Significant Provision Burden