Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Posts Earnings Results, Meets Expectations

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) announced its earnings results on Monday. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17, Zacks reports. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.52 billion.

Akbank Turk Anonim Sirketi Stock Up 5.2%

Akbank Turk Anonim Sirketi stock opened at $4.24 on Wednesday. The stock has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.15. Akbank Turk Anonim Sirketi has a twelve month low of $2.45 and a twelve month high of $4.25. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.91.

About Akbank Turk Anonim Sirketi

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.