ABSA BANK KENYAABSA Bank and Co-operative Bank Kenya have a strong positive correlation. In 2025, we have seen the correlation drop with a small margin, and Co-operative Bank stock price did not move higher as much as ABSA did.
Both bank dividend payouts have a difference of .05, which is negligible. Fundamentally, Co-operative Bank has stronger fundamentals than ABSA Bank Kenya. From a risk-reward perspective (stock price & dividends), Co-operative Bank is more attractive than ABSA Bank.
However, I am anticipating this to change in the future. ABSA Bank Kenya has the probability of becoming a bigger and more attractive bank than Co-operative Bank.
Based on the Chart, the share price of ABSA bank is worth looking at post-book closure on the 30th of April, 2025. If it is a dividend drive, Co-operative Bank is a better alternative.
