Vanquis Banking Group (GB:VANQ) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Vanquis Banking Group PLC reports steady progress in its business transformation, with new customer growth and a clear financial position after one-off write-downs. The bank is on track to achieve £60m in cost savings by year-end and is updating its strategic plan to save an additional £15m by 2025. Despite a statutory loss before tax in the first half of 2024, Vanquis remains committed to its mid-teens Return on Tangible Equity (ROTE) target for 2026.
For further insights into GB:VANQ stock, check out TipRanks’ Stock Analysis page.
