09:48 AM EDT, 10/27/2026 (MT Newswires) -- FAB Securities updated its price target on Commercial Bank of Dubai (DFM:CBD) following the release of the lender's earnings for the third quarter, according to a Tuesday note. Net profit for the three-month period rose 9.6% annually to 969 million Emirati dirhams, which surpassed FAB's 883 million-dirham estimate. Total operating income, on the other hand, saw a 2.3% year-over-year decline to 1.54 billion dirhams, against the research firm's forecast of 1.50 billion dirhams. "We maintain our ACCUMULATE rating on CBD with a revised target price of AED 11.00. The Bank reported net profit growth of 9.6% YOY to AED 969 Mn in 3Q26, supported by higher net funded income, lower operating expenses and impairment charges, partially offset by lower non-funded income and higher corporate tax expenses," analysts wrote.

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