Absa Group Limited (JSE: ABG)

South Africa flag South Africa · Delayed Price · Currency is ZAR
16,748
-52 (-0.31%)
Nov 12, 2024, 5:00 PM SAST
-5.59%
Market Cap 138.80B
Revenue (ttm) 90.87B
Net Income (ttm) 18.94B
Shares Out 828.77M
EPS (ttm) 22.82
PE Ratio 7.34
Forward PE 6.04
Dividend 13.70 (8.15%)
Ex-Dividend Date Sep 11, 2024
Volume 1,322,438
Open 16,799
Previous Close 16,800
Day's Range 16,562 - 16,814
52-Week Range 13,683 - 18,626
Beta 0.93
Analysts n/a
Price Target n/a
Earnings Date Mar 11, 2025

About Absa Group

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments... [Read more]

Sector Financials
Founded 1986
Employees 37,107
Stock Exchange Johannesburg Stock Exchange
Ticker Symbol ABG
Full Company Profile

Financial Performance

In 2023, Absa Group's revenue was 89.11 billion, an increase of 7.32% compared to the previous year's 83.03 billion. Earnings were 19.89 billion, a decrease of -1.85%.

Financial Statements

News

Absa’s Financial Markets Index points to encouraging improvements across the continent

The 8th edition of the Absa Africa Financial Markets Index (AFMI) was released during the World Bank annual meetings in October. The index scores African countries’ financial development based on meas...

8 days ago - African Business

Absa boss names the critical elements for African investment

Charles Russon, interim chief executive of banking group Absa, discusses the investment landscape in Africa.

6 weeks ago - CNBC

Capitec powers ahead

Capitec is the best-performing banking stock on the JSE in 2024. Here is a look at the company and how it compares to Absa, Standard Bank, and Nedbank.

6 weeks ago - Daily Investor

Big international bank leaving South Africa

HSBC has concluded deals with FirstRand and Absa to takeover its South African operations as the bank cuts non-core operations and focuses on its growth in Asia.

6 weeks ago - Daily Investor

Kenya's Safaricom raises $117mln with local sustainability-linked loan

The four participating banks in the transaction are KCB, ABSA, Standard Chartered Kenya and Stanbic

6 weeks ago - Zawya

Absa warns clients about closing service at the end of the month

Absa is closing its safe deposit box service on 30 September 2024 and urged clients to retrieve their goods at the branch where their items are stored by the end of the month.

7 weeks ago - Daily Investor

Absa Group goes ex-dividend tomorrow

2 months ago - Seeking Alpha

Kuwaits IFA Hotels unit secures $10mln loan for Africas Zimbali Lakes

Contract for banking facilities has been signed with ABSA Bank

2 months ago - Zawya

Absa to boost SMMEs with empowering conference and expo

Absa will once again host the annual Absa ESD Expo and Absa Smart Supplier Conference in Gauteng

2 months ago - Zawya

Standard Bank, FirstRand, Nedbank and Absa eyeing R23 trillion jackpot

South Africa's major banks are competing to finance Africa's energy transition, balancing immediate power needs with long-term sustainability.

2 months ago - Daily Investor

Global Banks Produce Huge Yields: Here Are Our Three Favorites

Today, we highlight three global banks with attractive 'High Income' dividends: ABSA Group, Bancolombia, and Nordea Bank. Each of these institutions offers a nice mix between value, profitability, and...

2 months ago - Seeking Alpha

Absa revolving CEO door – six in six years

Absa's frequent CEO changes over the past six years have contributed to instability within the bank, leading to poor performance compared to its competitors.

2 months ago - Daily Investor

Absa the worst-performing bank on the JSE in 2024

Absa is the worst-performing South African bank stock this year, lagging a strong rally in its peers as the lender struggles with leadership instability.

2 months ago - Daily Investor

Absa Group Lags Peers as Leadership Turmoil Weighs on Stock

Absa Group Ltd. is the worst-performing South African bank stock this year, lagging a strong rally in its peers as the lender struggles with leadership instability

2 months ago - BNN Bloomberg

Crisis at Absa

Absa CEO Arrie Rautenbach will leave the bank after reports of problems with the slow pace of transformation, governance issues, and human resource blunders.

3 months ago - Daily Investor

Absa CEO Arrie Rautenbach to Retire Following Profit Decline in H1 2024

Absa CEO Arrie Rautenbach is set to leave the group following a drop in the company’s profits for the six months ending 30 June 2024 (H1 2024). Absa announced that Rautenbach and the board had mutuall...

3 months ago - CEOWORLD magazine

Absa shares jump on CEO reshuffle

Absa shares surged after it named Charles Russon as interim CEO to replace incumbent Arrie Rautenbach, who requested early retirement.

3 months ago - Daily Investor

Absa CEO takes early retirement

Absa announced today that its CEO will retire next April, and released its first-half results showing lower earnings and profit.

3 months ago - Daily Investor

South Africa's Absa CEO Arrie Rautenbach to retire next year

South African lender Absa Group on Monday said Chief Executive Officer Arrie Rautenbach will take early retirement from the company, effective on April 15, 2025.

3 months ago - Reuters

Share price versus CEO salary – Capitec beats Absa, Standard Bank, and Nedbank

Capitec is the only South African bank whose share price has increased more than the salary of its chief executive over the last decade.

3 months ago - Daily Investor