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GTCO Plc has crossed N4 trillion in market capitalisation, its highest valuation reached in the last 52 weeks in the Nigerian stock market.

The financial services stock with the lowest key man risks has been attracting local and foreign investors amidst pressure on earnings performance. Investors continue to bet on the long-term earnings outlook and strong corporate governance versus peers in the banking industry.

In the stock market, GTCO share price surged to N112 on Friday as more than 45 million units valued at N4.938 billion were executed between buy and sell-side actors.

Market value of GTCO Plc 36.550 billion shares outstanding increased by 11.75% week on week to N4.093 trillion, supported by improved investor sentiment.

GTCO is now trading at its 52-week high, far from its lowest valuation of N56.95 per share within the same period. The group is anticipated to release 2025 earnings in the coming days.

Analysts think GTCO earnings, which have been dented, would rebound in the fourth quarter, but the recovery isn’t likely to have a meaningful impact on 2025.

In their outlook, Broadstreet analysts expect banking industry earnings to come under pressure in 2026. The prediction is anchored on dovish monetary policy expectations, as the market expected the Central Bank to cut the interest rate, putting pressure on lenders’ net interest margin.

MarketForces Africa reported that banks’ profitability in 2026 will be supported by growth in non-interest income, primarily driven by fees and commission revenue growth.

Expanding retail banking services and rising transactional payment volumes, supported by ongoing digitalization.

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