Stock Watch: Qfac Pick of the Day – Fidelity Bank Plc
By Quantitative Financial Analytics
Quantitative Financial Analytics (Qfac) pick of the day belongs to fidelity Bank Plc according to our highest YTD return chart. Qfac technical trend indicator is pointing to a Buy signal for Fidelity Bank
Fidelity bank offers commercial and retail banking services as well as corporate and consumer loans. It is also into foreign exchange and private banking services.
Founded in 1988, the bank operates from 240 business offices, with 774 ATMs and 4,046 POCSes.
- Above its 5, 25, 50 and 100 day moving averages
- 3 new highs in the last week
- Recently traded at 2.38 with a 50-day moving average of 1.81
- Alpha: 118
- Beta: 1.74
- Market Cap $2.16 billion
- Revenue is up 17.9%
- Total Expenses down by 2.6%
- PBT up by 65.1%
- Dividend Yield 6.14
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