Core Viewpoint - Goldman Sachs reports that Agricultural Bank of China (601288) (01288) exceeded its third-quarter profit and net profit forecasts by 5% and 4% respectively [1] Financial Performance - Pre-provision profit and net profit for Agricultural Bank of China in Q3 were higher than Goldman Sachs' predictions by 5% and 4% respectively [1] - Net interest income met expectations [1] - Year-on-year loan growth was 9%, with retail loans increasing by 7% and corporate loans by 9% [1] Capital Ratios - The Common Equity Tier 1 (CET1) capital ratio stood at 11.2%, increasing by 5 basis points quarter-on-quarter, but was 11 basis points lower than the forecast [1] Investment Rating - Goldman Sachs maintains a "Neutral" rating for Agricultural Bank of China, with a target price of HKD 4.88 for its H-shares [1]
高盛:农业银行第三季纯利胜预期 评级“中性”