GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (OTCPK:FANDY) » Definitions » Altman Z-Score

Firstrand (Firstrand) Altman Z-Score


View and export this data going back to 2009. Start your Free Trial

What is Firstrand Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Firstrand (Firstrand) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (OTCPK:FANDY) » Definitions » Altman Z-Score
Comparable Companies
WAR:IZB WAR:OZE WAR:ERG WAR:ACG WAR:SNK WAR:ORL WAR:OPN WAR:APR WAR:HDR JPM SHSE:601398 BAC SHSE:601288 SHSE:601939 LSE:HSBA SHSE:601988 WFC TSX:RY ASX:CBA TSE:8306
Traded in Other Exchanges
FSR:South Africa FST:Namibia FSRA:Germany
Address
Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Website
https://www.firstrand.co.za
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.