Nedbank jumps, posts higher earnings

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NedbankLogo1234 Gallo Images Photo by Anesh Debiky/Gallo Images.

Johannesburg - Shares of Nedbank jump more than 3 percent as South Africa's fourth-largest bank reports a higher-than-expected 15 percent rise in full-year earnings after growing income from both lending and fees on one hand, and slower growth in debt costs on the other.

The shares are up 2.75 percent to 208.31 rand, while the All-share index is 0.16 percent higher. - Reuters

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