- Vietinbank’s net income for the second quarter (2Q) of 2024 stood at 5.4 trillion dong, a 3.8% increase from the 5.2 trillion dong recorded in the same period last year.
- For the first half (1H) of 2024, Vietinbank’s net income was 10.3 trillion dong, marking a 3% increase compared to the same period last year.
- Net interest income for 2Q 2024 rose to 15.3 trillion dong, up from 12.8 trillion dong in the corresponding period last year.
- Net interest income for 1H 2024 increased to 30.5 trillion dong, compared to 25.4 trillion dong in the same period of the previous year.
- As of June 30, 2024, Vietinbank’s total assets were 2,164 trillion dong, compared to 2,032 trillion dong at the end of 2023.
- Analyst ratings include 9 buys, 1 hold, and 0 sells.
A look at Vietnam Joint Stock Commercial Bank For Industry and Trade Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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
In assessing the long-term outlook for Vietnam Joint Stock Commercial Bank For Industry and Trade, the Smartkarma Smart Scores paint a mixed picture. While the company scores well in Growth with a rating of 4, indicating strong potential for expansion and development, it falls short in other areas. Value is rated at 3, suggesting a moderately attractive valuation, while Resilience and Momentum score 2 and 3 respectively, highlighting areas for improvement in terms of stability and market momentum.
Despite the varying scores across different factors, Vietnam Joint Stock Commercial Bank For Industry and Trade remains a key player in the banking sector. Offering a range of services including corporate and consumer loans, insurance, and securities brokerage, the bank plays a vital role in the financial landscape of Vietnam. With a focus on growth opportunities, the company is positioned to capitalize on its strengths and address areas of weakness to drive long-term success in the industry.
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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