Fidelity Bank Plc is a financial services company listed on the Nigerian Stock Exchange (NGX). Fidelity Bank Plc offers banking products and services for the individual, commercial and corporate sectors. Fidelity Bank Plc operates more than 225 business offices, more than 800 ATMs and 10 000 point-of-sale channels.
Overview of Fidelity Bank Plc
The history of Fidelity Bank Plc goes back to 1987 when it was incorporated as Fidelity Union Merchant Bank. It converted to a commercial bank in 1999, became public limited company in August 1999 and secured a Universal Banking License in 2001. Fidelity Bank was granted an International Banking Licence in 2011.
Today, Fidelity Bank Plc’s portfolio of products and services are diversified in more sectors of the financial value chain and include the following: transactional accounts, online banking, loans and term deposits to money market, treasury services loans and advances, commercial support overdrafts, equipment leasing finance and trade, working capital, project, asset and syndicate finance.
Fidelity Bank Plc has its head offices at 2 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria and the current CEO of Fidelity Bank Plc is Nnamdi John Okonkwo.
Fidelity Bank Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol FIDELITYBK.
Fidelity Bank Plc forms part of the Banking Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).
Looking Back – Fidelity Bank Plc Stock Performance
The current price, at the time of writing, for Fidelity Bank Plc stocks on the Nigerian Stock Exchange (NGX) is 2.72 Nigerian Naira (NGN).
FIDELITYBK stocks closed a recent trading day (21October 2021) at 2.72 NGN per share on the Nigerian Stock Exchange (NGX), experiencing a 1.1% drop from its previous closing price of 2.75 NGN.
An analysis of financial data of Fidelity Bank Plc showed that the company has a total market capitalisation of 78.8 Billion NGN, with a Price/Earning ratio of 2.32 and earnings per share of 1.17 NGN. A total of 29 Billion shares were outstanding.
Fidelity Bank Plc showed improved profits for the second quarter of 2021. Its net income before taxes was 10,494 million NGN while net income after taxes was 9,715 million NGN. The diluted weighted average shares were 28,963 million NGN, with a diluted normalised EPS of 0.34 NGN, up from the 0.33 NGN in the previous quarter.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Fidelity Bank Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Fidelity Bank Plc, analysts forecast further improved performance for the financial sector with market share growing as trading volumes increase.
Highlights of Fidelity Bank Plc in 2021
Fidelity Bank Plc started the financial year of 2021 with a share price of 2.52 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 7.94 % in value on its price valuation, ranking 61st on the NGX with its year-to-date performance.
Fidelity Bank Plc is currently the seventh most-traded stock on the NGX and it has experienced a total trading volume of more than 638 million shares, which were finalised in 6,514 deals and were valued at a total of 1.59 billion Nigerian Naira (NGN) over the recent three month period from July to October 2021, with an average of 10.1 million shares in each trading session.
During the same period a volume high of 30.5 million was achieved on 26 July and a low of 900,023 on 27 August.
How to buy Fidelity Bank Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Fidelity Bank Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “FIDELITYBK”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.
