$JSENED $JSESBK This SENS out on NED today is quite wild So it appears that SBK hasnt crossed the 5% threshold of NED shares previously published. It does however appear that SBK does own NED shares Its accumulating them? Normally you wouldnt want that known beforehand 1/n

SA Banks stretched? Investec updated their recommendation on a couple of them: - Nedbank $JSENED Cut to Hold; PT R292 (6.8% upside) - Standard Bank $JSESBK Cut to Hold; PT R309 (6.6% upside)

SA Banks are all up this month : Capitec $JSECPI up 16% Nedbank $JSENED up 15% Standard Bank $JSESBK up 10% ABSA $JSEABG up 9% FirstRand $JSEFSR up 7%

New ATH $JSEFTB #Fairvest $JSEFSR #FirstRand $JSESBK #StandardBank $JSESNT #Santam

$JSESBK Standard Bank - Bullish breakout targets 221 & 226.

$JSESBK - Standard Bank: Trendline Works, At Least Sometimes dlvr.it/T8HHbf 📈📉💹📊 via ➡️ alerttrade.us

An Easy basket of MSCI related names would be where passives would direct flows - easy 5 names would be - $JSESLM, $JSEBVT, $JSEBID , $JSESBK, $JSEMRP

$JSESBK where toe from here?/

$JSESBK - Standard Bank: Creeping Along But Losing Momentum dlvr.it/T56kgZ 📈📉💹📊 via ➡️ alerttrade.us

Despite what looked like a beat in estimates for Standard Bank $JSESBK, the share price dropped 4.8% at its worst. That jump in ROE to 18.8% from 16.3% last year is commendable. If the market is not happy with these figures then a lot is baked into the price.

Looks like consumer defaults may have peaked in H1 2023. What do you guys think, have bank credit losses already peaked and could now be headed downwards? $JSESBK $JSEABG $JSENED $JSEFSR $JSECPI

Standard Bank $JSESBK released a trading update and the numbers look pretty strong. - FY HEPS expected to increase 23% - 28% y/y - FY EPS expected to increase 25% - 30% y/y Puts the company on a price to earnings ratio of 8 times on the low end of guidance.

#JSESBK pretty solid results and they always seem to be decent. Credit loss ratio up to 83 though, thoughts? No position in any banks, unless one includes Discovery.

Looking for some momentum in sectors and names. Watch continuation in $JSENED and $JSESBK. New momentum in $JSEBLU and $JSEMRP. Volume showing up in $JSEN91 ( 11 x ADV) @sharenetsa

Update on the Rand-Fixing scandal by Business Day! South African 🇿🇦 Competition Appeal Court dismissed 23 of the 28 cases against the banks brought forward by the Competition Commission for colluding to fix the Rand in the New York foreign exchange market almost a decade ago. The court ruled in favour of South African lenders Standard Bank $JSESBK, Nedbank $JSENED and FirstRand $JSEFSR amongst others including mostly foreign banks. Of the 28 banks brough forward only JPMorgan Chase & Co., BNP Paribas SA, HSBC Holdings Plc, Credit Suisse Group AG and Investec Plc $JSEINP remain to face trial.

After an initially strong run in May, SA Banks have all come back to more palatable levels except Standard Bank $JSESBK. FirstRand $JSEFSR was hit hard on their results in mid-September despite achieving pretty decent numbers. Unfortunately, too much optimism was baked in.

Thanks to the Industrial and Commercial Bank of China we got some more information for Standard Bank $JSESBK for the 9 months end September 2023. - Earnings attributable to ordinary shareholders increased by more than 30% y/y. - Africa Regions’ contributed 44% to headline earnings. - Group ROE within the target range of 17% to 20%. - Credit loss ratio for the nine months remained within the group’s through-the-cycle credit loss ratio range of 70 to 100 basis points, in line with expectations.

Major rating changes: - FirstRand $JSEFSR raised to Buy at Citi with a price target of R70. - Standard Bank $JSESBK raised to Buy at Citi with a price target of R215. - Nedbank $JSENED raised to Buy at Citi with a price target of R235.

Couple of SA Bank upgrades by Citi this morning: FirstRand $JSEFSR raised to Buy with a price target of R70. Standard Bank $JSESBK raised to Buy with a price target of R215 Nedbank $JSENED raised to Buy with a price target of R235

SBG Securities' top pick in the SA Banking space is none other than Standard Bank $JSESBK based on its peer-leading earnings growth. Expect earnings growth to continue into December 2023, with strong endowment effect, trading income growth in FX markets and consistent outperformance from its 19 Africa businesses. Expect endowment to fade into FY2024. Sees trading income and African businesses remaining key differentiators versus SA peers in the long-term. Views on the SA lenders?