- Net income for Q2: 145.8 million dinars, a 3.3% increase year-over-year (YoY), close to the estimate of 146 million dinars.
- Operating revenue: 303.4 million dinars, up by 5.4% YoY, slightly below the estimate of 310 million dinars.
- Operating profit: 188.3 million dinars, witnessing a 3% rise YoY.
- Earnings per share (EPS): 0.0170 dinars, compared to 0.0160 dinars YoY.
- Net interest income: 193.4 million dinars, showing a 10% growth YoY.
- Non-interest income: 59.2 million dinars, marking a 13% decline YoY.
- Operating expenses: 115.1 million dinars, up by 9.4% YoY.
- Impairments: 17.2 million dinars, down by 14% YoY.
- Analyst ratings: 2 buys, 4 holds, 4 sells.
A look at National Bank of Kuwait SAKP Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
Analysis of the Smartkarma Smart Scores for National Bank of Kuwait SAKP reveals a mixed long-term outlook. With a Growth score of 4, the bank appears well-positioned for expansion and development in the future. This indicates a positive trajectory in terms of increasing market share and profitability. Additionally, the Momentum score of 3 suggests that the bank is experiencing stable and consistent performance that may continue in the long run. However, concerns arise from the Value and Resilience scores, both at 2, indicating weaker performance in these areas. Investors may wish to carefully consider these factors when evaluating the overall investment potential of National Bank of Kuwait SAKP.
National Bank of Kuwait S.A.K. is a commercial banking entity that operates through a network of local and international branches and subsidiaries. The combination of a moderate Dividend score of 3, coupled with the aforementioned scores, paints a picture of a bank with growth potential but facing challenges in terms of value and resilience. Investors looking at National Bank of Kuwait SAKP should weigh these factors against the backdrop of its expansion and stability prospects in the banking sector.
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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