The National Commercial Bank’s (NCB)
SNB
1180
1180
Riyadh-Mubasher: The National Commercial Bank’s (NCB) net profits for the first quarter of 2015 exceeded forecasts of SAR 2.5 billion, Alistithmar Capital said in a report.
The bank posted net profits of SAR 2.61 billion in Q1, rising 2.77% year-on-year from SAR 2.53 billion and 42.75% quarter-on-quarter from SAR 1.82 billion.
Alistithmar recommended ‘Neutral’ on the stock, with a price target of SAR 68.4.
Source:
Mubasher
