Latest news with #NedbankGroup
Yahoo
29-04-2025
- Business
- Yahoo
Nedbank Group's (JSE:NED) 28% CAGR outpaced the company's earnings growth over the same five-year period
While Nedbank Group Limited (JSE:NED) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. But that scarcely detracts from the really solid long term returns generated by the company over five years. We think most investors would be happy with the 152% return, over that period. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Of course, that doesn't necessarily mean it's cheap now. On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Nedbank Group managed to grow its earnings per share at 7.6% a year. This EPS growth is lower than the 20% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We know that Nedbank Group has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Nedbank Group, it has a TSR of 240% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! Nedbank Group shareholders gained a total return of 18% during the year. But that return falls short of the market. On the bright side, the longer term returns (running at about 28% a year, over half a decade) look better. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with Nedbank Group . For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
IOL News
28-04-2025
- Business
- IOL News
Nedbank mourns the loss of board member Errol Kruger
Nedbank has paid tribute to board member Errol Kruger who passed suddenly on 26 April 2025. Image: Supplied Nedbank has paid tribute to board member Errol Kruger who passed suddenly on 26 April 2025. Known for his strategic acumen and unwavering commitment to excellence, Kruger's departure marks an immense loss for both the bank and the broader banking community. Daniel Mminele, chairman of the Nedbank board, said they were deeply saddened by the news of Kruger's passing. "Errol was not just a colleague, but a dear friend to many of us. Other than being a great pillar of strength on the Nedbank boards in recent years, Errol will also be remembered for his exceptional stewardship of the South African banking sector during the Global Financial Crisis of 2008," Mminele said. "His legacy will continue to inspire us, and he willbe missed. Our thoughts and prayers are with his family during this difficult time." Kruger joined the Nedbank and Nedbank Group boards as an independent non-executive director on 1 August 2016, bringing with him a wealth of experience from a distinguished career in banking regulation. Prior to his role at Nedbank, he served as the Registrar of Banks for the South African Reserve Bank (SARB) from September 2003 until July 2011. This pivotal role had him representing South Africa on the Basel Committee on Banking Supervision between 2009 and 2011, where he oversaw the early adoption of key global banking regulations, including the comprehensive implementation of the 25 Basel Core Principles for Effective Banking Supervision and Basel II. Following his tenure at the SARB, Kruger took his expertise to the international stage, becoming the managing director of supervision and authorisation at the Qatar Financial Centre Regulatory Authority on 1 August 2011.
Zawya
05-03-2025
- Business
- Zawya
South Africa's Nedbank annual profit rises on non-interest revenue growth
South Africa's Nedbank Group reported an 8% rise in its full-year headline earnings on Tuesday, 4 March 2025 supported by strong non-interest revenue (NIR) growth, a reduced impairment charge, and strict cost control. For the year ended 31 December, the bank's headline earnings - a profit measure - grew to R16.9bn ($907.56m) from R15.6bn a year earlier. The NIR increased by 10% to R30.4bn, driven by strong growth in commission and fees, along with significant increases in trading income and insurance income, the bank said. Net interest income (NII) - which represents the difference between earnings from loans and what banks pay on deposits - nudged up by 1% to R41.8bn despite slower loan growth and margin pressure. The group's impairment charge dropped by 17% to R7.9 n, as its credit loss ratio - a measure of bad loans as a percentage of total loans - of 87 basis points improved significantly as macroeconomic factors also showed improvement. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
