Analyst: Olumide Sole* Target price: ₦12.10 Rating: HOLD Following the release of its unaudited FY’23 results, FCMB reported an impressive growth in Gross Earnings in Q4’23, rising by 71% y/y to ₦165 billion. This was due to an expansion in both Interest Income (+70% y/y) and Non-Interest Revenue (+71% y/y). Particularly, Interest Income from loans…
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