Emirates NBD Kept at Buy as United Securities Notes Q3 Results

05:37 AM EDT, 10/26/2026 (MT Newswires) -- United Securities LLC reiterated its investment view on Emirates NBD Bank (DFM:EMIRATESNBD) as the lender's third-quarter results exceeded the research firm's expectations, according to a Sunday note. For the three months ended Sept. 30, the bank's net income was broadly stable at 6.44 billion Emirati dirhams, "marginally exceeding" United Securities' forecast by 2%. Operating income, meanwhile, rose 13% annually to 14.34 billion dirhams and 6% above the research firm's estimate. "ENBD's operating income exceeded our estimates, while net income was marginally ahead of expectations. We expect the positive momentum to continue. The stock currently trades at 7x 2027E P/E and 1x 2027E P/B, offering a dividend yield of 3.8%. We reiterate our BUY rating and maintain our target price of AED 36 per share," analysts said.