- Riyad Bank‘s second-quarter profit was 2.34 billion riyals, exceeding the estimate of 2.11 billion riyals.
- Total assets reported by Riyad Bank were 405.03 billion riyals.
- Investments by the bank amounted to 61.07 billion riyals.
- Net loans provided by the bank reached 291.05 billion riyals.
- Total deposits at the bank stood at 276.01 billion riyals.
- Riyad Bank received 11 buy ratings, 2 hold ratings, and 1 sell rating.
A look at Riyad Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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, Riyad Bank seems to have a positive long-term outlook. The bank scores high in Value and Dividend factors, indicating strong performance in terms of value and dividend payouts. Additionally, Riyad Bank receives good scores in Growth, suggesting potential for growth in the future. Although scoring slightly lower in Resilience and Momentum, the overall outlook for the bank appears optimistic.
Riyad Bank is well-positioned in the market, attracting deposits and providing a range of banking services including loans, private banking, risk analysis, trade finance, and asset management. With a solid foundation in commercial and retail banking, as well as a strong presence in credit card management and mutual funds, Riyad Bank‘s diverse portfolio indicates a promising future ahead.
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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