Sterling Bank’s year-to-date (YTD) performance has been disappointing, with a decline of 22.36% in its share price. This places it at the bottom of the list among its peers in the Nigerian banking sector.
In comparison, other banks have performed significantly better, with some even recording positive YTD returns.
For instance, GTCO has led the pack with a remarkable 21.23% YTD return, followed closely by Wema Bank at 14.86%, and Fidelity Bank at 12.19%.
Even Access Bank, which has faced some challenges in recent times, has managed to post a relatively modest YTD return of -13.61%.
Zenith Bank, another major player in the sector, has seen its YTD return decline by -2.98%, still significantly better than Sterling Bank’s performance.
The poor performance of Sterling Bank’s shares has raised concerns among investors and analysts, who are now keenly watching the bank’s next moves to reverse the trend
