Brokerage Firms Forecast Profits for Major Banks

In the context of the stock market rising from below 1,100 to nearly 1,370 points, the banking stock group still plays an important role. Recent projections from NHSV show that several major banks will experience impressive profit growth in Q2. Sacombank is expected to have a post-tax profit exceeding 3 trillion VND, up 38% year-on-year 2024. MB’s profit is also anticipated to rise by 7% due to strong credit growth. VietinBank may see a 14% increase from last year, with an improvement in credit quality. VPBank is projected to grow by 16%, driven by high credit growth, although its NIM is expected to slightly decrease due to interest rate competition.