Earlier, financial market analysts predicted that this bank could earn 343 billion rubles in the first quarter. However, the actual result exceeded expectations. Sberbank Chairman German Gref said: “The strong first-quarter results, strong loan portfolio quality and high operating efficiency provide reasons to increase our 2023 return-on-equity forecast above 22 percent. “.
It is noteworthy that after the publication of the report, a number of financial market analysts immediately revised their estimates to Sberbank’s target price. Therefore, BCS and AK Bars increased the target price to 350 rubles per share, and Alfa Bank – to 320 rubles.
“Sberbank reported even better than expected,” says Finam analyst Igor Dodonov. “The financial data released will support the bank’s shares in the coming weeks. I still consider Sberbank shares the best option for medium-term investments in the banking sector of the Russian Federation.”
In turn, Gazprombank analysts in their report indicated that “if the bank’s business develops along the same trajectory, Sberbank can earn more than 1.3-1.4 trillion rubles in 2023.”
“Sberbank, better than other Russian banks, monetizes the recovery growth of the Russian economy in its activities, its earnings this year may exceed the pre-crisis figures,” says Sergey Suverov, investment strategist at Arikapital Management Company. efficiency, the development of new technologies that increase productivity, good staff motivation. It is no coincidence that Sberbank shares are the locomotive of the Russian stock market.”
By the way, since the beginning of the year, Sberbank’s shares have already added more than 63 percent, while the Moscow Stock Exchange index has grown by 22 percent.
“Sber continues to show revenue growth, asset quality remains consistently high. At the same time, the company is trying to strictly control operating expenses,” emphasizes investment banker Evgeny Kogan. “In addition, Sber remains a day, developing the subject of artificial intelligence. successfully launched the neural network to create Kandinsky 2.1 images. Then the company was the first in Russia to launch tests of the GigaChat multimodal neural network.”
The expert also reminded that very soon Sberbank shareholders will receive dividends in the amount of 565 billion rubles, or 25 rubles per share.
By the way
PJSC Sberbank is one of the largest banks in Russia and one of the world’s leading financial institutions. Sberbank accounts for about a third of the assets of the entire Russian banking sector. Sberbank is a key lender to the national economy and has one of the largest shares in the deposit market. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank plus 1 voting share. The remaining 50% minus 1 voting share of the bank’s authorized capital is owned by Russian and international investors.