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FirstRand Limited

FSRJ.J

Latest Trade

5,320.00ZAc

Change

-55.00(-1.02%)

Volume

8,702,679

Today's Range

5,278.00

 - 

5,361.00

52 Week Range

3,552.00

 - 

5,796.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

FirstRand Ltd Sees HEPS, EPS And Normalised EPS At Least 417.0, 409.7 And 415.5 Cents Respectively

June 7 (Reuters) - FirstRand Ltd <FSRJ.J>::JSE: FSR - FSRP - VOLUNTARY UPDATE TO GUIDANCE AND TRADING STATEMENT.FIRSTRAND - NET INTEREST INCOME IS TRACKING AT SIMILAR LEVEL TO FIRST HALF; EXPECTED TO BE MARGINALLY UP Y/Y.FIRSTRAND - FY HEPS OF 308.9 CENTS, EPS OF 303.5 CENTS AND NORMALISED EPS OF 307.8 CENTS FOR YEAR TO 30 JUNE 2020 WILL BE EXCEEDED BY MORE THAN 35%.FIRSTRAND - FY HEPS, EPS, AND NORMALISED EPS WILL BE AT LEAST 417.0, 409.7 AND 415.5 CENTS RESPECTIVELY.

Firstrand Secondary ABB Priced At Zar 51 Per Share - Bookrunner

April 30 (Reuters) - Bookrunner::BLOCK TRADE - FIRSTRAND SECONDARY ABB: BOOKRUNNER SAYS PRICED AT ZAR 51 PER SHARE.

FirstRand Secondary ABB Up To 40 Mln Shares - Bookrunner

April 29 (Reuters) - Bookrunner::BLOCK TRADE : FIRSTRAND SECONDARY ABB - BOOKRUNNER SAYS UP TO 40M SHARES.Further company coverage: FSRJ.J. ((Reuters.Briefs@thomsonreuters.com ;;)).

FirstRand Says Now Expects Earnings In Current Year To Exceed Those Of 2020

March 4 (Reuters) - FirstRand Ltd <FSRJ.J>::JSE: FSR - FSRP - UNAUDITED INTERIM RESULTS AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2020.FIRSTRAND - SINCE JUNE 2020, EARNINGS HAVE RECOVERED FASTER THAN EXPECTED.FIRSTRAND - GROUP'S OPERATING ENVIRONMENT REMAINS CHALLENGING, PARTICULARLY GIVEN RISK OF A THIRD WAVE HEADING INTO WINTER.FIRSTRAND - HY BASIC AND DILUTED HEPS 196.8 CENTS.FIRSTRAND - HY TOTAL GROUP NET INTEREST INCOME WAS FLAT PERIOD-ON-PERIOD.FIRSTRAND - EXPECTS ORIGINATION LEVELS TO REMAIN MUTED, TRANSACTIONAL VOLUMES ARE EXPECTED TO TREND BACK TOWARDS PRE- PANDEMIC LEVELS BY Q4.FIRSTRAND - FOR YEAR TO JUNE 2020, FIRSTRAND REVISED ITS MACROECONOMIC OUTLOOK FOR 2020/21.FIRSTRAND - DECIDED TO BRING DIVIDEND COVER BACK INTO BOTTOM END OF ITS LONG-TERM TARGET RANGE OF 1.8 TO 2.2 TIMES.FIRSTRAND - DECISION TO DECLARE AN INTERIM DIVIDEND FOR FIRST SIX MONTHS.FIRSTRAND - PREVIOUSLY GUIDED ABSOLUTE LEVEL OF EARNINGS EXPECTED FOR YEAR TO 30 JUNE 2021 WOULD NOT MATCH EARNINGS ACHIEVED FOR YEAR TO 30 JUNE 2020.FIRSTRAND - TRANSACTIONAL VOLUMES ARE EXPECTED TO TREND BACK TOWARDS PRE- PANDEMIC LEVELS BY Q4 OF FINANCIAL YEAR.FIRSTRAND - GROUP NOW EXPECTS EARNINGS IN CURRENT YEAR TO EXCEED THOSE OF 2020.FIRSTRAND - ABSOLUTE LEVEL OF EARNINGS FOR SIX MONTHS TO DECEMBER 2020 WILL LIKELY NOT BE REPEATED IN SECOND HALF.FIRSTRAND - WITH GLOBAL VACCINATION PROGRAMMES, ECONOMIC REBOUND HAPPENING FASTER THAN ANTICIPATED, EXPECTS EARNINGS IN CURRENT YEAR TO EXCEED 2020.

FirstRand Says Revenue Growth For Four Months To Oct Has Been More Resilient Than Initial Expectations

Nov 27 (Reuters) - FirstRand Ltd <FSRJ.J>::JSE: FSR - FSRP - TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDING 31 DECEMBER 2020.EARNINGS TREND FOR FOUR MONTHS FROM 1 JULY 2020 TO 31 OCTOBER 2020 IS REFLECTING A BETTER THAN ANTICIPATED REBOUND.IFRS HEPS, EPS AND NORMALISED EPS FOR SIX MONTHS TO 31 DECEMBER 2020 (CURRENT PERIOD) ARE EXPECTED TO DECLINE BY BETWEEN 20% AND 25%.REMAINED CAPITAL GENERATIVE AND GROUP'S CET1 RATIO (INCLUDING UNAPPROPRIATED PROFITS) HAS INCREASED FROM 11.5% REPORTED AT 30 JUNE 2020.REVENUE GROWTH FOR FOUR MONTHS TO OCTOBER 2020 HAS BEEN MORE RESILIENT THAN INITIAL EXPECTATIONS.PERIOD-ON-PERIOD CREDIT LOSS RATIO SHOWED A MARKED INCREASE, WITH IMPAIRMENT CHARGE INCREASING 44%.

FirstRand Posts FY Basic And Diluted HEPS Of 308.9 Cents

Sept 10 (Reuters) - FirstRand Ltd <FSRJ.J>::FIRSTRAND - FIRSTRAND ANTICIPATES AN UPWARD TRAJECTORY IN EARNINGS IN SECOND HALF SIX MONTHS TO JUNE 2021.FIRSTRAND - FY BASIC AND DILUTED HEADLINE EARNINGS PER SHARE 308.9 CENTS.FIRSTRAND - ABSOLUTE LEVEL OF EARNINGS ON A YEAR-ON-YEAR BASIS ARE UNLIKELY TO REVERT BACK TO JUNE 2020 LEVELS.FIRSTRAND - FY GROUP'S CAPITAL POSITION REMAINED STRONG, WITH A COMMON EQUITY TIER 1 (CET1) CAPITAL ADEQUACY RATIO OF 11.5%.FIRSTRAND - ECONOMIC IMPACT OF COVID-19 WILL CONTINUE TO PLACE ACUTE PRESSURE ON GROUP'S PERFORMANCE FOR REST OF 2020 CALENDAR YEAR.FIRSTRAND - FY NORMALISED ROE 12.9% VERSUS 22.8%.FIRSTRAND - NOT DECLARED A FINAL DIVIDEND GIVEN PRUDENTIAL AUTHORITY'S (PA'S) CURRENT GUIDANCE TO PRESERVE CAPITAL.FIRSTRAND- ACTIVITY LEVELS WILL REMAIN MUTED ON RELATIVE BASIS, BALANCE SHEET GROWTH TO BE SUBDUED, CREDIT PERFORMANCE WILL NOT MATERIALLY IMPROVE.

Firstrand Sees FY Headline Earnings Per Share 273.5-323.2 Cents

Aug 12 (Reuters) - FirstRand Ltd <FSRJ.J>::FIRSTRAND - SEES FY HEADLINE EARNINGS PER SHARE 273.5 - 323.2 CENTS.FIRSTRAND - GROUP WILL REPORT A SIGNIFICANT INCREASE IN CREDIT PROVISIONING LEVELS FOR YEAR ENDED 30 JUNE 2020.

FirstRand Says PIC's Shareholding Has Increased To 14.076% Of Co's Shares

July 6 (Reuters) - FirstRand Ltd <FSRJ.J>::PUBLIC INVESTMENT CORPORATION'S (PIC'S) SHAREHOLDING IN GROUP HAS INCREASED TO 14.076% OF FIRSTRAND'S ISSUED ORDINARY SHARES.

FirstRand HEPS, EPS For Current Period Expected To Be More Than 20% Lower

June 4 (Reuters) - FirstRand Ltd <FSRJ.J>::JSE: FSR - FSRP - TRADING STATEMENT IN RESPECT OF THE YEAR ENDING JUNE 2020.FIRSTRAND - HEPS, EPS AND NORMALISED EARNINGS PER SHARE (NORMALISED EPS) FOR CURRENT PERIOD ARE EXPECTED TO BE MORE THAN 20% LOWER.FIRSTRAND - MAIN DRIVER OF THIS SLOWDOWN IN EARNINGS GROWTH IS MATERIALLY HIGHER CREDIT IMPAIRMENT CHARGE FOR PERIOD,.FIRSTRAND - DETERIORATION IN LENDING PORTFOLIO PERFORMANCE.FIRSTRAND - OTHER NOTABLE DRIVERS OF DECLINE IN EARNINGS INCLUDE NEGATIVE ENDOWMENT IMPACT ON BACK OF INTEREST RATE CUTS AND MARGIN PRESSURE.FIRSTRAND - NON-INTEREST REVENUE GROWTH HAS ALSO SHOWED A MARKED DECLINE DUE TO LOWER ABSOLUTE VOLUMES DURING LOCKDOWN PERIOD..FIRSTRAND - WITH REGARD TO CAPITAL, FUNDING AND LIQUIDITY, FIRSTRAND SUPPORTS ACTIONS TAKEN BY SOUTH AFRICAN RESERVE BANK..FIRSTRAND - GROUP REMAINS WELL CAPITALISED AND ITS CAPITAL AND LIQUIDITY RATIOS ARE EXPECTED TO REMAIN STRONG AND WELL ABOVE REQUIRED MINIMUMS..

FirstRand Withdraws Financial Guidance For Year To June 30

April 24 (Reuters) - FirstRand Ltd <FSRJ.J>::WITHDRAWAL OF FINANCIAL GUIDANCE FOR THE YEAR TO 30 JUNE 2020.THAT FIRSTRAND'S 30 JUNE 2020 FINANCIAL PERFORMANCE GUIDANCE HAS BEEN WITHDRAWN.EXPECTED EARNINGS AND ROE PERFORMANCE FOR FULL YEAR TO 30 JUNE 2020 REMAIN UNDER REVIEW.ESCALATION OF COVID-19, LOCKDOWNS IN MOST MARKETS WHERE CO OPERATES HAS REQUIRED SIGNIFICANT REVISIONS TO GROUP'S MACROECONOMIC FORECASTS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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