SBTT Improves, FCI Lower.
This week, we at Bourse review the third quarter performance of two stocks withing the Banking sector, Scotiabank of Trinidad and Tobago Limited (SBTT) and FirstCaribbean International Bank Limited (FCI). Despite an increasingly difficult local economic environment and continuing low credit demand, the Banking sector has, thus far, proven resilient. SBTT has delivered strong earnings growth for the nine-month fiscal period, while FCI’s results were negatively impacted by higher costs. We take a closer look at their respective performances and provide some perspective on future performance.