Bright prospects for bank stocks
11:35 | 14/04/2021
Bank tickers are anticipated to remain in the spotlight in 2021, with investors racing to capitalise on bright profit prospects. Choosing the right tickers, however, is a continuing headache for investors. Â Â
In its forecast for 2021, Hanoi-based VNDIRECT Securities Corporation said banks would be among the first corporate entities to take advantage of the economic rebound. The company also anticipates a sharp jump in banksâ profit this year in the wake of improved net income margin (NIM) and higher credit growth.
Banksâ profit is forecast to be on a sharp rise in 2021
Agreeing with the forecast, the BIDV Securities Company (BSC) recently issued a report on the prospects of the banking sector, saying that commercial lenders would witness a sharp rise in profit thanks to the economic rebound and good control of asset quality post-pandemic.