- Total income for OTP Bank in the second quarter was 654.31 billion forints, which is an 18% increase year-over-year. This surpassed the estimated total income of 634.03 billion forints.
- Net interest income reached 442.31 billion forints, marking a 30% year-over-year increase, though it fell short of the 446.97 billion forint estimate.
- Net fee and commission income was reported at 138.69 billion forints.
- Net income stood at 267.93 billion forints, representing a 30% decrease year-over-year.
- Total risk costs were 46.12 billion forints.
- The stock has received 14 buy ratings, 3 hold ratings, and 1 sell rating from analysts.
- A conference call is scheduled for 3 p.m. Budapest time.
A look at OTP Bank Nyrt Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| 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
Based on the Smartkarma Smart Scores, OTP Bank Nyrt. seems to have a positive long-term outlook. With strong scores in Value, Growth, Resilience, and Momentum, the company appears to be well-positioned in terms of financial health and potential for growth. A high score in Resilience indicates that OTP Bank Nyrt. is equipped to weather economic uncertainties and challenges, providing a sense of stability for investors.
Known for attracting deposits and offering a range of banking services, including retail and commercial banking, currency exchange, and mortgage loans, OTP Bank Nyrt. operates through a widespread branch network in Hungary. With solid scores in key areas, the company’s overall outlook appears promising, showcasing strong fundamentals and growth potential 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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