Latest news with #BankingSector
LBCI
a day ago
- Business
- LBCI
Finance Minister Jaber discusses reform progress with US envoy Tom Barrack and French delegation
Finance Minister Yassine Jaber received U.S. envoy Tom Barrack at his office in the ministry on Tuesday morning, in the presence of U.S. Ambassador Lisa Johnson. The meeting focused on the reform initiatives undertaken by the Ministry of Finance as part of the government's broader reform plan—particularly in the areas of banking sector restructuring. Key progress includes the adoption of the banking secrecy law, the upcoming approval of the banking sector regulatory law, the appointment of vice governors for the central bank, and members of the Banking Control Commission. The discussions also touched on modernization and digitization efforts in key sectors such as customs, including the development of port operations, as well as reforms in real estate services and other domains. These efforts are expected to enhance public finances, support Lebanon's path toward financial and economic recovery, align with the IMF's policy framework, and help restore international confidence. Ultimately, this would improve Lebanon's credit ratings and encourage foreign aid and investment. Minister Jaber emphasized to Barrack the importance of a stable security environment to allow the government to proceed with its reform agenda, stressing that stability remains the fundamental driver of economic and financial progress and of achieving real, sustainable development. In the same context, Minister Jaber held a follow-up meeting with a French delegation that included Jacques De Lajugie, economic adviser to the French envoy, and Hugo Bruel, deputy head of the economic section at the French Embassy. These regular meetings focus on the progress of reforms, in line with France's interest in organizing a conference to support Lebanon.
Zawya
6 days ago
- Business
- Zawya
Nigeria: Equities investors earn $914mln as bulls persist at NGX
The Nigerian equities market extended its bullish run during the midweek trading session, with the All-Share Index (ASI) of the Nigerian Exchange (NGX) rising by 1.80 percent to close at 128,967.08 basis points. This strong performance lifted the year-to-date (YTD) return to 25.30 percent, signaling continued investor optimism and sustained confidence in the market. Market capitalization increased significantly by ₦1.44 trillion, reaching ₦81.58 reflects deepening market liquidity and heightened investor interest, as bullish sentiment continued to dominate. Despite the overall positive tone, market breadth was slightly negative, with 41 gainers trailing 44 decliners, indicating some selective profit-taking amid broad market strength. Sectoral performance was largely upbeat. The Banking sector led the charge with a remarkable gain of 7.02 percent, followed by Consumer Goods, Industrial Goods, and Commodities, which rose by 1.33 percent, 1.15 percent, and 0.19 percent, respectively. However, the Insurance and Oil & Gas sectors experienced modest pullbacks, declining by 3.50 percent and 0.19 percent, respectively. Trading activity showed significant improvement across key metrics, underlining robust market participation. Although the number of executed deals declined by 7.09 percent, total trade value soared by 1,028.44 percent, while traded volume surged by 807.03 percent to 11.7 billion shares valued at ₦363 billion, executed across 36,635 transactions. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Yahoo
16-07-2025
- Business
- Yahoo
Triumph Financial's (NASDAQ:TFIN) Q2: Beats On Revenue
Financial services company Triumph Financial (NASDAQ:TFIN) announced better-than-expected revenue in Q2 CY2025, with sales up 2.8% year on year to $108.1 million. Its GAAP profit of $0.15 per share was significantly above analysts' consensus estimates. Is now the time to buy Triumph Financial? Find out in our full research report. Triumph Financial (TFIN) Q2 CY2025 Highlights: Net Interest Income: $88.68 million vs analyst estimates of $87.87 million (flat year on year, 0.9% beat) Net Interest Margin: 6.4% vs analyst estimates of 6.5% (64 basis point year-on-year decrease, 7.5 bps miss) Revenue: $108.1 million vs analyst estimates of $106.3 million (2.8% year-on-year growth, 1.7% beat) EPS (GAAP): $0.15 vs analyst estimates of $0.05 ($0.10 beat) Market Capitalization: $1.47 billion Company Overview Originally focused on traditional banking before pivoting to serve the transportation sector, Triumph Financial (NASDAQ:TFIN) provides specialized financial services to the trucking industry, including payments processing, factoring, banking, and data intelligence solutions. Sales Growth Net interest income and and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Thankfully, Triumph Financial's 6.8% annualized revenue growth over the last five years was decent. Its growth was slightly above the average bank company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Triumph Financial's recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 1.5% over the last two years. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Triumph Financial reported modest year-on-year revenue growth of 2.8% but beat Wall Street's estimates by 1.7%. Net interest income made up 85.3% of the company's total revenue during the last five years, meaning Triumph Financial barely relies on non-interest income to drive its overall growth. Markets consistently prioritize net interest income growth over fee-based revenue, recognizing its superior quality and recurring nature compared to the more unpredictable non-interest income streams. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Tangible Book Value Per Share (TBVPS) Banks are balance sheet-driven businesses because they generate earnings primarily through borrowing and lending. They're also valued based on their balance sheet strength and ability to compound book value (another name for shareholders' equity) over time. This is why we consider tangible book value per share (TBVPS) the most important metric to track for banks. TBVPS represents the real, liquid net worth per share of a bank, excluding intangible assets that have debatable value upon liquidation. On the other hand, EPS is often distorted by mergers and flexible loan loss accounting. TBVPS provides clearer performance insights. Triumph Financial's TBVPS grew at a sluggish 1.8% annual clip over the last five years. On a two-year basis, however, dynamics have changed as TBVPS dropped by 7.8% annually ($22.70 to $19.31 per share). Over the next 12 months, Consensus estimates call for Triumph Financial's TBVPS to grow by 38.7% to $26.79, elite growth rate. Key Takeaways from Triumph Financial's Q2 Results We liked how revenue and EPS beat analysts' EPS expectations this quarter. On the other hand, its net interest margin missed and its tangible book value per share missed as well. Overall, we think this was a mixed quarter. The market seemed to be hoping for more, and the stock traded down 2% to $62.11 immediately after reporting. Is Triumph Financial an attractive investment opportunity at the current price? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. 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Zawya
15-07-2025
- Business
- Zawya
Bank Muscat H1 2025 net profit rises 12%
Oman's biggest lender Bank Muscat posted a 12% jump in net profit for H1 2025 to 125.8 million rials ($327 million) as both interest income and non-interest incomes rose. Operating profit rose 10% to OMR 180.2 million. Net interest income from conventional banking, and net income from Islamic banking rose 8% to OMR 206.44 million. Non-interest income was OMR 81.83 million compared with OMR 75.27 million the year-ago period. Net impairment loss was OMR 30.16 million versus OMR 29.9 million. (Writing by Brinda Darasha; editing by Daniel Luiz)
Al Bawaba
12-07-2025
- Business
- Al Bawaba
Banking and Finance
Banking and Finance July 10th, 2025 - 04:45 GMT July 9th, 2025 - 05:15 GMT July 9th, 2025 - 05:06 GMT July 9th, 2025 - 04:36 GMT July 9th, 2025 - 04:33 GMT July 8th, 2025 - 04:22 GMT July 7th, 2025 - 08:27 GMT July 7th, 2025 - 08:19 GMT July 7th, 2025 - 06:05 GMT July 7th, 2025 - 05:13 GMT July 4th, 2025 - 06:37 GMT July 4th, 2025 - 06:26 GMT
