Nedbank Group Limited

NED

ZAE000004875

Banks

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
234.3 ^ZAR	+0.03%		+2.93%	+8.34%

Apr. 19	South African insurer Old Mutual gets green light to establish bank	RE
Apr. 02	Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees	CI

An unknown buyer acquired an unknown stake in Nedbank Group Limited from Ninety One SA Proprietary Limited.

November 17, 2022

An unknown buyer acquired an unknown stake in Nedbank Group Limited (JSE:NED) from Ninety One SA Proprietary Limited on November 18, 2022. Post transaction, Ninety One now hold 4.95% stake in Nedbank Group.

An unknown buyer completed the acquisition of an unknown stake in Nedbank Group Limited (JSE:NED) from Ninety One SA Proprietary Limited on November 18, 2022.

Latest news about Nedbank Group Limited

South African insurer Old Mutual gets green light to establish bank	Apr. 19	RE
Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees	Apr. 02	CI
Transcript : Nedbank Group Limited, 2023 Earnings Call, Mar 05, 2024	Mar. 05
Mike Brown, CEO of Nedbank: Profit up despite challenges in South Africa	Mar. 05	MT
Nedbank Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
South African lender Nedbank's annual profit rises on upbeat revenue	Mar. 05	RE
Nedbank Group Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 15 April 2024	Mar. 04	CI
South African rand, dollar bonds jump after budget	Feb. 21	RE
South African rand, dollar bonds jump after budget	Feb. 21	RE
S. Africa's budget to consolidate more slowly, rate cuts delayed	Feb. 15	RE
Inteligo stock enters US market, Kenmare gets new RCF	Feb. 07	AN
S.Africa consumer spending pressures could ease in second half -analysts	Feb. 05	RE
South African rand edges lower after budget balance, money supply	Jan. 30	RE
South African rand little changed after rate hold, PPI drop	Jan. 25	RE
Paladin Energy Secures $150 Million Debt Facility	Jan. 24	MT
Serica Energy completes USD525 million borrowing facility	Jan. 23	AN
Serica Energy "enhances financial firepower" with new RBL facility	Dec. 18	AN
Nedbank Group Limited and Nedbank Limited Appoints Terence Mncedisi Nombembe as an Independent Non-Executive Director and Member of Nedbank Group Audit Committee, Effective 1 January 2024	Dec. 14	CI
Nedbank Group names Absa's former finance director as CEO-designate	Nov. 22	RE
Nedbank Limited and Nedbank Group Limited Announce Executive Changes, Effective 31 May 2024	Nov. 22	CI
Nedbank Group Limited Announces Changes to Board Committees	23-10-30	CI
S. African rand firms as focus turns to next week's mid-term budget	23-10-26	RE
Nedbank Group Limited and Nedbank Limited Announce Resignation of Mteto Nyati as Independent Non-Executive Director, Effective on October 9, 2023	23-10-05	CI
Fitch Maintains Nedbank Group's Ratings on Solid Domestic Franchise, Strong Earnings	23-09-24	MT
South African Stocks Cap Off Central Bank Week in the Green	23-09-22	MT

Chart Nedbank Group Limited

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Company Profile

Nedbank Group Limited is a banking group organized around 4 areas of activity: - retail and commercial banking (63.8% of net interest income); - corporate and investment banking (24.5%); - asset and wealth management (2.7%). The group is also engaged in insurance activity; - other (9%). At the end of 2021, the group had ZAR 971.8 billion in current deposits and ZAR 831.7 billion in current loans.

Sector

Banks

Calendar

2024-05-31 - Annual General Meeting

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Income Statement Evolution

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Analysis / Opinion

Mike Brown, CEO of Nedbank: Profit up despite challenges in South Africa

March 05, 2024 at 04:50 am EST

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Ratings for Nedbank Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

232.9 ZAR

Average target price

263.7 ZAR

Spread / Average Target

+13.23%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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Other Banks

Nedbank Group Limited

Equities

NED

ZAE000004875

Banks

An unknown buyer acquired an unknown stake in Nedbank Group Limited from Ninety One SA Proprietary Limited.

EPS Revisions

Quarterly revenue - Rate of surprise