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Guaranty Trust Bank Plc: HY’16 Non-Interest Income Spurs Massive Outperformance

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GTBank logo         Guaranty Trust Bank Plc (GUARANTY) just released its HY’16 earnings report. Annualized earnings per share was N5.48 (HY’15: N3.76), significantly higher than both consensus and our estimates of N3.58 and N3.67 respectively. The bank also declared an interim dividend of N0.25 (HY’15: N0.25) with a closure date of September ...

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