Diversification only works if you’re aware of the weak links in your portfolio. As we analyse the year-to-date (YtD) performance of banking stocks, several prominent names have significantly underperformed both their peers and the All-Share Index (ASI) at +25.30 percent YtD.
FCMB Group (-1.24% YtD)
As the Nigerian banking sector navigates a complex macroeconomic environment, the shares of FCMB Group Plc have experienced a slight pullback in early 2026, marking a 1.24 percent decline year-to-date (YtD). While the stock reached a 52-week high of N12.95 in early January, it has recently stabilised near the N11.90 mark.
Read also: Banking stocks rally lifts seven lenders’ valuation above N1trn
