Absa Group Limited (JSE: ABG)
South Africa
· Delayed Price · Currency is ZAR | Market Cap | 160.53B |
| Revenue (ttm) | 90.87B |
| Net Income (ttm) | 18.94B |
| Shares Out | 828.77M |
| EPS (ttm) | 22.82 |
| PE Ratio | 8.49 |
| Forward PE | 6.98 |
| Dividend | 13.70 (7.07%) |
| Ex-Dividend Date | Sep 11, 2024 |
| Volume | 4,914,045 |
| Open | 19,325 |
| Previous Close | 19,243 |
| Day's Range | 18,920 - 19,401 |
| 52-Week Range | 13,683 - 20,070 |
| 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]
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 StatementsNews
Teraco Taps Absa for $442 Million Loan for AI-Ready Facility
Teraco Data Environments Ltd. hired Absa Group Ltd. to syndicate an 8 billion rand ($442 million) loan as the company gears up for a new facility to meet rising demand from artificial intelligence app...
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...
Absa boss names the critical elements for African investment
Charles Russon, interim chief executive of banking group Absa, discusses the investment landscape in Africa.
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.
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.
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
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.
Absa Group goes ex-dividend tomorrow
Kuwaits IFA Hotels unit secures $10mln loan for Africas Zimbali Lakes
Contract for banking facilities has been signed with ABSA Bank
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
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.
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...
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.
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.
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
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.
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...
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.
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.
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.
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.