Nedbank Delivers Strong H1 Earnings as JSE: NED Share Price Heads Above R300 Again
Nedbank Group reported strong first-half 2026 earnings of R8.4 billion, driven by growth in corporate and personal banking. The positive results led to a significant surge in the bank's share price on the JSE.
Why it matters
The performance reflects broader financial health and operational momentum within the South African banking sector.
Nedbank Group delivered a stronger-than-expected first half of 2026, sending Nedbank shares sharply higher as R8.4 billion in headline earnings and improving growth across key businesses lifted investor confidence.
Nedbank shares surged 6.31% to R294.23, extending their recovery and moving closer to the all-time high of around R319 reached in February.
The rally followed the release of strong first-half results, with Nedbank Group reporting headline earnings of R8.4 billion for the six months ended June 30, 2026. The performance exceeded the bank’s internal expectations and highlighted stronger underlying operational momentum.
Diluted headline earnings per share increased 15% when excluding the base-effect impact from Ecobank Transnational Incorporated (ETI), providing a clearer picture of the group’s underlying performance.
Nedbank said headline earnings benefited from stronger net interest income and non-interest revenue, combined with disciplined expense management.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in