United Bank for Africa, Zenith Bank and Access Holdings are projected to post the highest risk-adjusted returns among Tier-1 lenders in 2026, driven by capital gains and dividends, according to analysts at CardinalStone Research.
In the research firm Banking Strategy Report, CardinalStone projected total returns of 48.0 percent for UBA and 40.6 percent for Zenith Bank over one year.
It said returns would be supported by capital appreciation averaging 36.6 percent and dividend yields near 7.7 percent.
