Garanti Bankası net profit up 32 percent

Garanti Bankası announced its financial results for the fourth quarter of 2024. The bank's net profit increased by 32 percent compared to the same period of the previous year. This increase was driven by strong operating income and effective cost management. According to the disclosed data, Garanti Bankası's net profit rose to 13.5 billion TL in the fourth quarter of 2024 from 10.2 billion TL in the same quarter of 2023. The bank's total revenues also increased by 28 percent over the same period, reaching 45.6 billion TL. The bank's net interest income grew by 35 percent, supported by loan growth and an improvement in the interest margin. Additionally, fee and commission income expanded by 22 percent. This positive performance also boosted the bank's profitability ratios. Garanti Bankası's capital adequacy ratio remained strong. As of the end of 2024, the bank had a capital adequacy ratio of 18.5 percent, which is above the sector average. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

■ neutral · 30%

The news headline pertains to Garanti Bankası and is not directly related to GOOGL stock. Technical indicators show the RSI approaching overbought territory at 68, while the MACD remains below the signal line. Although the price is above the 20- and 50-day moving averages, there is short-term directional uncertainty. Therefore, a neutral outlook is maintained.

RSI 14

68.2

MACD

4.91

24h Δ

0.99%

📊 GARAN — Piyasa Yorumu

▲ up · 60%

Garanti Bankasi's 32% increase in net profit can be seen as positive news. However, the stock closed down 3.37% in the last session, with RSI at 37.7 approaching oversold territory. While short-term indicators are weak, the profit growth news may trigger a technical recovery. Although MACD remains in negative territory, its approach to the signal line could indicate a momentum shift. Therefore, limited upside potential is seen in the short term.

RSI 14

37.7

MACD

-1.13

24h Δ

-3.37%

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