- Emirates NBD reported a third-quarter net income of 5.2 billion dirhams, unchanged from the previous year.
- Operating income rose slightly by 0.6% year-over-year, reaching 11.5 billion dirhams.
- This operating income exceeded market estimates, which were at 11.14 billion dirhams.
- Analyst recommendations for Emirates NBD include 15 buys, 1 hold, and no sell ratings.
A look at Emirates NBD Bank PJSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Emirates NBD Bank PJSC, a prominent banking institution based in Dubai, is poised for a promising long-term future according to Smartkarma Smart Scores. The bank demonstrates strength across various factors, with solid scores in Value, Dividend, and Growth, highlighting its robust financial performance and potential for growth. Additionally, Emirates NBD Bank PJSC excels in Momentum, indicating strong upward trends in its market momentum which could bode well for its future prospects. While showing resilience, the bank’s slightly lower score in this area suggests some room for improvement in navigating potential economic challenges.
Emirates NBD Bank PJSC‘s diversified business segments spanning corporate, retail, and private banking, coupled with its offering of treasury services and Islamic banking products, position it well for continued success in the financial services industry. With headquarters in Dubai, United Arab Emirates, Emirates NBD PJSC stands as a pillar in the region’s banking sector, supported by its solid performance across key Smartkarma Smart Scores indicators for Value, Dividend, Growth, Resilience, and Momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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