Fidelity Bank is back in the trillion-naira market cap game, folks! The stock decided to show off a bit, climbing from ₦19.95 to ₦21.00 on May 13, 2025. This move earned them a spot among the elite 19 Nigerian companies with a trillion-naira market capitalisation. Like, who even knew there were so many trillionaires in the Nigerian market, right?
The rollercoaster ride for Fidelity Bank didn’t stop there. According to some tech website, they had a little slip-up on May 12, dropping below the trillion-naira mark. But hey, they bounced back like a champ and got back in the game on April 23 after hitting the milestone for the first time on April 4. It’s like a soap opera, but with stocks and market caps instead of love triangles.
Analysts are all abuzz about Fidelity Bank’s potential to level up to tier-1 status. With 50.2 billion shares out there, investors are feeling some serious FOMO (fear of missing out) as the bank’s stock has been on a wild ride. The after-tax profits are flying high, with a 190% increase in Q1 of 2025. That’s some serious dough right there, making investors do a little happy dance.
And let’s not forget the cherry on top – the bank’s Vision 2025 plan. They’re eyeing international expansion after snatching up Union Bank UK in 2023. CEO Nneka Onyeali-Ikpe is all about securing that tier-1 status and making big moves. Afrinvest is predicting some major growth for Fidelity Bank, with gross earnings and pre-tax profits expected to shoot up like a rocket in 2025. The firm even has a target price of ₦21.60 for the stock. So, buckle up, folks, because Fidelity Bank is on a mission, and they’re not slowing down anytime soon.
