Dear clients,We dedicate this regular review to the up-to-date trading opportunities to Sberbank, which is the largest bank in Russia and one of the largest banks in Europe.Fundamental analysis:On November 15, Sberbank will publish the report based on IFRS for the first 9 months of 2016. In our opinion, we can expect the positive report, which will boost shares of the bank. The net interest income for the period increased by 50% in annual terms, whereas the net fee-based income grew by 21.7% against to the same period of 2015.The pre-tax profit of the bank surged by 168% in annual terms — to the level of 487.3 billion rubles. The return on equity was 20.1% — against 9.2% in 2015. 29.6% of assets of the Russian banking system belong to Sberbank. Such strong figures may encourage traders to open Buy positions with Sberbank shares.Technical analysis:On the monthly and weekly charts the ADX indicates presence of a strong uptrend.Our trading recommendations:Buy #SberbankThe first goal: 153.70The second goal:155.60Good luck in trading!
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