10 stories mentioning DFM:EMIRATESNBD
Every FINWIRES story that references DFM:EMIRATESNBD, newest first.
Morgan Stanley on Tuesday reduced the price target for Dubai-listed lender Emirates NBD (DFM:EMIRATESNBD) to 31 Emirati dirhams from 35 dirhams and affirmed its equal weight rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
AlphaMena on Thursday reduced the price target for Dubai-listed lender Emirates NBD (DFM:EMIRATESNBD) to 35.50 Emirati dirhams from 35.80 dirhams, while maintaining its add rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Jefferies on Monday raised the price target for Dubai-listed lender Emirates NBD (DFM:EMIRATESNBD) to 33.50 Emirati dirhams from 33.00 dirhams and affirmed its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
AlphaMena on Friday reduced the price target for Dubai-listed lender Emirates NBD (DFM:EMIRATESNBD) to 35.70 Emirati dirhams from 36.60 dirhams and affirmed its add rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Citi on Monday increased the price target for Dubai-based lender Emirates NBD (DFM:EMIRATESNBD) to 35.35 Emirati dirhams from 33.50 dirhams, while reiterating its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
FAB Securities on Friday upgraded Dubai-based lender Emirates NBD (DFM:EMIRATESNBD) to buy from hold, while keeping its price target at 33.50 Emirati dirhams.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Shares in the United Arab Emirates closed in the red as oil prices rose amid no signs of a resolution of the conflict between the US and Iran.At the close of Thursday trading, the FTSE ADX General Index lost 0.399%, while the DFM General Index was little changed at 0.034% in the red."[The] absence of any peace talks between the US and Iran has led investors to price in a longer conflict again, along with a more extended closure of the Strait of Hormuz. Indeed, the US blockade is still in place, and yesterday Iran said they'd seized two commercial ships in the Strait. So if anything, the latest moves pointed in an escalatory direction," Deutsche Bank Research commented.As of 3:50 pm UAE time, the Brent crude oil futures stood at nearly $102.604 per barrel, up 0.68% from the previous day.Back home and on the corporate front, the bourses saw the release of the first-quarter earnings report from the financial sector.Abu Dhabi Commercial Bank (ADX:ADCB) reported a higher attributable profit of 3.36 billion Emirati dirhams backed by an 18% year-over-year growth in operating income. On the other hand, First Abu Dhabi Bank's (ADX:FAB) attributable profit for the period slipped. Shares of the lenders ended the session flat and 2.11% in the red, respectively.Dubai-listed Emirates NBD (DFM:EMIRATESNBD) lost 0.14% despite solid first-quarter results backed by an increase in income and asset growth, efficient cost management, and record nonfunded income growth."Emirates NBD delivered a 21% higher income yoy of AED 14.4 billion, propelled by strong loan growth and a record non-funded income growth," Emirates NBD Group Chief Executive Officer Shayne Nelson commented. "The Group's balance sheet continues its growth momentum, with total assets exceeding AED 1.2 trillion, driven by strong lending growth of AED 45 billion in the first quarter of 2026," Nelson further added.
GTN Middle East on Thursday raised the price target for Dubai-based lender Emirates NBD (DFM:EMIRATESNBD) to 38 Emirati dirhams from 32 dirhams, while confirming its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Emirati equities extended their gains to a third day as the FTSE ADX General Index gained 0.261%, and the DFM General Index added 1.077% at the close of Thursday trading.US President Donald Trump said in a social post that Israel and Lebanon will speak on Thursday. Trump also mentioned that China is "very happy" with his permanent opening of the Hormuz waterway and agreed not to send its weapons to Iran.Oil prices remained steady amid the US blockade of Iranian ports, with the US Central Command stating that no vessels were able to pass their forces, while nine vessels were ordered to turn back to Iran in the first 48 hours of the blockade."For now, our base case is that energy flows will start to make a gradual recovery through the second quarter. However, flows will remain below pre-war levels until at least year-end. This would see Brent averaging $96/bbl over 2Q26 and $89/bbl over the full year 2026. A more extreme scenario would be where Persian Gulf flows remain mostly cut off, while escalation sees extensive infrastructure damage, and risks to Red Sea oil flows also grow, which could see Brent trading over $150/bbl," ING said.Zooming in at home, the Central Bank of the United Arab Emirates issued a revised guidance on anti-money laundering and combating the financing of terrorism and proliferation financing to boost the efficiency of the financial sector.Back home, Aldar Properties (ADX:ALDAR) added 0.12% as it closed a 5 billion-Emirati-dirham sustainability-linked revolving syndicated credit facility to bolster its liquidity position and financial flexibility.Dubai-listed Emirates NBD (DFM:EMIRATESNBD) partnered with Dubai Holding Real Estate to offer integrated mortgage financing services to enhance off-plan home purchases in Dubai. Shares of the lender closed the session 1.50% in the red.
Jefferies on Sunday decreased the price target for Dubai-based lender Emirates NBD (DFM:EMIRATESNBD) to 33 Emirati dirhams from 40 dirhams, while keeping its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)