Nedbank Looks to Investment Banking for Growth Under New CEO [BNN Bloomberg (Canada)]
NEDBANK GROUP LTD S/ADR (NDBKY)
NASDAQ:AMEX Investor Relations:
nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/investor-center/latest-financial-results.html
Company Research
Source: BNN Bloomberg
With the bank's home country in the throes of an electricity crisis and intensifying water shortages, outgoing Chief Executive Officer Mike Brown said the government is increasingly looking to ink public-private-partnerships to adequately address those issues. As a result, Nedbank is hoping to hire more investment bankers and deploy more capital to the business in order to put together such deals, he said in follow up comments to an interview that took place on Monday. The lender's corporate and investment bank has been a bright spot in recent quarters, generating 6.8 billion rand ($370 million) in headline earnings in 2023 even as operating expenses jumped. Still, as its sought to boost returns, Nedbank has been reducing the amount of capital it allocates to the division, which is home to Nedbank's property finance arm along with investment banking and transaction services. “This infrastructure opportunity — be it renewable energy, logistics and water — we think is a multiyear g
Show less
Read more
Impact Snapshot
Event Time:
NDBKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NDBKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NDBKY alerts
High impacting NEDBANK GROUP LTD S/ADR news events
Weekly update
A roundup of the hottest topics
NDBKY
News
- Nedbank Looks to Investment Banking for Growth Under New CEO [Financial Post (Toronto, Ontario, Canada)]Financial Post
- South Africa Risks Staying on Dirty Money List, Nedbank CEO Says [Financial Post (Toronto, Ontario, Canada)]Financial Post
- South Africa Risks Staying on Dirty Money List, Nedbank CEO Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Zimbabwe's Banking Services Disrupted Ahead of ZiG Launch [BNN Bloomberg (Canada)]BNN Bloomberg
- South Africa's Nedbank Uses FICO Technology to Stop Financial Crime [Yahoo! Finance]Yahoo! Finance