Financial Mail backs FirstRand as FirstRand stock costs EUR 4.64 versus EUR 4.67

Published on 10/08/2026 at 14:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Continuing earnings rose 13.00 percent year over year in fiscal 2026. FirstRand stock costs EUR 4.64 on October 8, 2026 after EUR 4.67.

FirstRand, ZAE000066304, Illustration mit AI erstellt.

Financial Mail backed FirstRand and cited a 23.00 percent return-on-equity forecast for fiscal 2027 on October 8, 2026, while FirstRand stock was at EUR 4.64 at Lang & Schwarz versus EUR 4.67 previously. The broker view puts the bank's earnings recovery beside a clear UK motor-finance risk.

Three events shape the story

On September 9, 2026, FirstRand declared a final dividend of 280 cents per share for fiscal 2026, according to Sharenet. On September 10, 2026, the same audited release reported continuing normalised earnings of ZAR 44.5 billion, up 13.00 percent from fiscal 2025, and a 24.90 percent return on equity.

On October 8, 2026, Financial Mail described a buy view on FirstRand and forecast a 23.00 percent return on equity for financial 2027. The chronology moves from distribution to operating performance and then to the market's forward interpretation.

What does the earnings mix mean?

Sharenet reported that total earnings fell 5.00 percent to ZAR 39.7 billion in fiscal 2026 because of a ZAR 12.0 billion UK motor-commission cost, including a GBP 518.4 million provision and related costs. Continuing operations excluded the UK business and delivered the 13.00 percent earnings increase, but the one-off charge remains central to interpreting the headline decline.

The same release showed a 13.90 percent Common Equity Tier 1 ratio and dividend cover of 1.60 times for fiscal 2026. For investors, the comparison is direct: continuing profitability improved, while reported earnings absorbed the UK provision.

Dividend dates set the next markers

According to Sharenet, FirstRand's final dividend has a record date of October 9, 2026, and a payment date of October 12, 2026. The 280-cent payout is 13.00 percent higher than the 247-cent final dividend for fiscal 2025.

FirstRand stock stays below prior close

FirstRand stock was trading at EUR 4.64 at Lang & Schwarz on October 8, 2026 at 2:32 p.m. CEST, down 0.64 percent versus the prior close of EUR 4.67. The euro quote reflects the German investor perspective, while the primary listing is on the JSE under ticker FSR. The further course of trading is shown by the continuously updated real-time quote of FirstRand stock.