Beyond The Stock Price - NCBFG Grows Net Profits at 27 Percent per Year compounded - Audio.mp3. National Commercial Bank (Financial Group) Analysis- NCBFG Net profits UP 50% 2018
KINGSTON, Jamaica : January 05, 2019
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National Commercial Bank Financial Group (#JSE: $NCBFG) has released it’s 2018 ANNUAL REPORT and with NET PROFIT having a compounded annual growth rate of 27% over the last five years, we are even more confident in our thesis that NCBFG stock could continue to rise reaching as much as J$1000 in the next five years.
The company has been doing very well since embarking on its new mission of being the bank of tomorrow. With the development of its mobile App, the launch of its agile lab and a heavy focus on technology, the company has demonstrated its commitment to reinvent itself.
We think the stock could continue to rise as long as the underlying fundamentals remain unchanged.