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GTCO and GTB shares.
Guaranty Trust Holding Company (GTCO) was recently acquired by Zenith Bank as the bank with the highest shareholding.
Last December, Zenith Bank again ranked GTCO as Nigeria's most important commercial bank with more than N800 billion in the market while GTCO slipped to N745 billion. GTCO has been worth more than a trillion in the last few years.
Since the company was transformed into HoldCo it has struggled with a number of key issues. Operating costs have skyrocketed over time and interest rates have dropped dramatically.
The bank is likely to close the year with a lower interest rate per share compared to the previous year.
In 2020, GTCO closed its per capita revenue for N7.11, the highest amount even though it was a year marred by the epidemic.
Since then, the company has been under pressure from revenues as the central bank tightens its economy amid rising interest rates. We expect GTB to close its earnings per share between N6.6-N6.9 this year, its first major slide in income growth over the years.
However, it still ranks as the second most profitable bank in the country with a higher profit than the residual assets of other banks.
With the current price of N25.2, Prudentj2 rate GTCO cheap and highly recommend its purchase for the following reasons:
GTCO remains one of the largest shareholding banks, paying more than 40% of annual profits.
The payout of most Nigerian banks is between 15% and 25% per annum despite issuing a one-digit return on average.
GTCO, on the other hand, has brought double-digit profits in average over a year. However, it pays an astonishing dividend as a percentage of profit.
At the current rate, the GTCO indicative dividend yield is estimated at 12%, assuming it pays N2.7 per share this year.
A dividend profit of 12% is one of the best available.
Second, reliable sources inform us that the main reason for the sales seen in recent weeks is because there is a large GTCO stock manager putting millions of units on offer.
Temporary features such as these always offer the opportunity to buy stocks.
Targeted exit N35, 12-month detention.
Frequently asked questions.
What is the difference between GTB and Gtco?
The name, Guaranty Trust, remains the same legally and in all their banking operations. ... Yes, we will change our logo from GTBank to GTCO, following the listing of GTCO Plc as the parent company of their banking businesses in Nigeria, across other African countries as well as the United Kingdom.
Why is GTB now Gtco?
The text on their logo has changed from GTBank to GTCO to reflect their new status as part of a financial services company. The future of financial services goes beyond banking and we're in the forefront of providing this new range of services to their customers
GTCO website?
https://www.gtcoplc.com
