Unicaja Banco

Unicaja Banco SA. Unicaja Banco SA is a Spain-based financial institution (the Bank) engaged in the banking sector. The Bank offers services to individual and business customers. Its products and services range includes current and savings accounts, debit and credit cards, consumer and commercial loans, real estate credit, securities brokerage, funds management, leasing, factoring, pension plans, life and non-life insurance, international trade financing, money transfer, as well as treasury, among others. The Bank operates a number of branches in Spain and Morocco. The Bank is controlled by Fundacion Bancaria Unicaja.
  • TickerA1W97N
  • ISINES0180907000
  • ExchangeMadrid Stock Exchange
  • SectorBanks
  • CountrySpain
Maria Paz Ojeda

UNICAJA: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’20 destacamos:  Guidance’20: Reiteran guidance’20 de M. de intereses estable vs 2019 (y vs -2,5% BS(e ) y -1,5% de consenso). De cara a 2S’20 destaca el apoyo del vencimiento de depósitos extratipados (750 M euros al c.3,5%) y del TLTRO III (+25 M euros en M. de intereses, de los que 12,5 M euros en 2S’20, c.2% del M- de Intereses anual), que más que compensará la presión en la yield de la cartera crediticia. En Crédito, esperan ahora una ligera mejora interanual (vs ligera caída antes). Por el lado de las comisiones, esperan una mejor evolución en 2S’20 vs ...

Maria Paz Ojeda

UNICAJA: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'20 vs. 2Q'19 Results N.I.I.: € 137.0 M (-7.4% vs. -6.4% expected and -6.8% expected by the market consensus); Total Revenues: € 274.0 M (+16.1% vs. +9.3% expected and +8.9% expected by the market consensus); Operating Profit: € 134.0 M (+57.6% vs. +27.1% expected and +28.2% expected by the market consensus); Net Profit: € 15.0 M (-71.5% vs. -71% expected and -71% expected by the market consensus); 2Q'20 vs. 1Q'20 Results N.I.I.: € 137.0 M (-2.1% vs. -1.1% expected and -1.4% expected by the market consensus); Total Revenues: € 274.0 M (+7.9% vs. +1.6% expected and +1.2% expected by the marke...

Maria Paz Ojeda

UNICAJA: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: M. Intereses: 137,0 M euros (-7,4% vs -6,4% BS(e) y -6,8% consenso); M. Bruto: 274,0 M euros (+16,1% vs +9,3% BS(e) y +8,9% consenso); M. Neto: 134,0 M euros (+57,6% vs +27,1% BS(e) y +28,2% consenso); BDI: 15,0 M euros (-71,5% vs -71,0% BS(e) y -71% consenso). Rdos. 2T'20 vs 1T'20: M. Intereses: 137,0 M euros (-2,1% vs -1,1% BS(e) y -1,4% consenso); M. Bruto: 274,0 M euros (+7,9% vs +1,6% BS(e) y +1,2% consenso); M. Neto: 134,0 M euros (+27,6% vs +2,9% BS(e) y +3,8% consenso); BDI: 15,0 M euros (-67,4% en 1T'20 vs -67,5% BS(e) y -67,5% consenso). Ha generado un BDI de 15...

Research Department

IBERIAN DAILY 03 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ENDESA, FCC, MASMOVIL, PROSEGUR, UNICAJA. MARKETS YESTERDAY AND TODAY New outbreaks and the new restrictive measures continue to drag down markets Following the poor macroeconomic data released last Thursday that dragged down European stock markets, Friday’s session (the last in July) saw new drops. In the Euro STOXX, Technology and Real Estate were the best-performing sectors while Construction and Automobiles were the worst performers. On the macroeconomic level, both Spain’s 2Q’20 GDP (-22.1% YoY vs. -19.7% expected and -4.1% 1Q’20) and the euro zone’s (-15% vs. ...

Research Department

INFORME DIARIO 03 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ENDESA, FCC, MÁSMÓVIL, PROSEGUR, UNICAJA. EUROPA: SIEMENS, SOCIÉTÉ GÉNÉRALE. Los rebrotes y las nuevas medidas restrictivas siguen lastrando a las bolsas Tras los malos datos macro en la sesión del jueves que llevaron a las bolsas en Europa a retroceder con fuerza, la sesión de viernes (última del mes de julio) volvió a ser de caídas. Dentro de los sectoriales del Euro STOXX, el mejor comportamiento fue para Tecnología e Inmobiliario mientras que el peor fue para Construcción y Autos. Por el lado macro, tanto el PIB de España para el 2T’...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Maria Paz Ojeda

UNICAJA: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 2T’20 destacamos:  Guidance’20: Reiteran guidance’20 de M. de intereses estable vs 2019 (y vs -2,5% BS(e ) y -1,5% de consenso). De cara a 2S’20 destaca el apoyo del vencimiento de depósitos extratipados (750 M euros al c.3,5%) y del TLTRO III (+25 M euros en M. de intereses, de los que 12,5 M euros en 2S’20, c.2% del M- de Intereses anual), que más que compensará la presión en la yield de la cartera crediticia. En Crédito, esperan ahora una ligera mejora interanual (vs ligera caída antes). Por el lado de las comisiones, esperan una mejor evolución en 2S’20 vs ...

Maria Paz Ojeda

UNICAJA: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'20 vs. 2Q'19 Results N.I.I.: € 137.0 M (-7.4% vs. -6.4% expected and -6.8% expected by the market consensus); Total Revenues: € 274.0 M (+16.1% vs. +9.3% expected and +8.9% expected by the market consensus); Operating Profit: € 134.0 M (+57.6% vs. +27.1% expected and +28.2% expected by the market consensus); Net Profit: € 15.0 M (-71.5% vs. -71% expected and -71% expected by the market consensus); 2Q'20 vs. 1Q'20 Results N.I.I.: € 137.0 M (-2.1% vs. -1.1% expected and -1.4% expected by the market consensus); Total Revenues: € 274.0 M (+7.9% vs. +1.6% expected and +1.2% expected by the marke...

Maria Paz Ojeda

UNICAJA: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: M. Intereses: 137,0 M euros (-7,4% vs -6,4% BS(e) y -6,8% consenso); M. Bruto: 274,0 M euros (+16,1% vs +9,3% BS(e) y +8,9% consenso); M. Neto: 134,0 M euros (+57,6% vs +27,1% BS(e) y +28,2% consenso); BDI: 15,0 M euros (-71,5% vs -71,0% BS(e) y -71% consenso). Rdos. 2T'20 vs 1T'20: M. Intereses: 137,0 M euros (-2,1% vs -1,1% BS(e) y -1,4% consenso); M. Bruto: 274,0 M euros (+7,9% vs +1,6% BS(e) y +1,2% consenso); M. Neto: 134,0 M euros (+27,6% vs +2,9% BS(e) y +3,8% consenso); BDI: 15,0 M euros (-67,4% en 1T'20 vs -67,5% BS(e) y -67,5% consenso). Ha generado un BDI de 15...

Research Department

IBERIAN DAILY 03 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ENDESA, FCC, MASMOVIL, PROSEGUR, UNICAJA. MARKETS YESTERDAY AND TODAY New outbreaks and the new restrictive measures continue to drag down markets Following the poor macroeconomic data released last Thursday that dragged down European stock markets, Friday’s session (the last in July) saw new drops. In the Euro STOXX, Technology and Real Estate were the best-performing sectors while Construction and Automobiles were the worst performers. On the macroeconomic level, both Spain’s 2Q’20 GDP (-22.1% YoY vs. -19.7% expected and -4.1% 1Q’20) and the euro zone’s (-15% vs. ...

Research Department

INFORME DIARIO 03 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ENDESA, FCC, MÁSMÓVIL, PROSEGUR, UNICAJA. EUROPA: SIEMENS, SOCIÉTÉ GÉNÉRALE. Los rebrotes y las nuevas medidas restrictivas siguen lastrando a las bolsas Tras los malos datos macro en la sesión del jueves que llevaron a las bolsas en Europa a retroceder con fuerza, la sesión de viernes (última del mes de julio) volvió a ser de caídas. Dentro de los sectoriales del Euro STOXX, el mejor comportamiento fue para Tecnología e Inmobiliario mientras que el peor fue para Construcción y Autos. Por el lado macro, tanto el PIB de España para el 2T’...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 30/10/2019 - Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) - FR

Fiat Chrysler Automobiles (Achat) – Peugeot (Achat) : Nouvelles discussions sur une fusion des deux groupes Unicaja Banco : Emission d'une obligation Tier 2 10NC5 Santander (Achat) - 9M-19 : PNB de €37,0 mds (+2,8%) Deutsche Bank (Vente) - 9M-19 : Perte nette de €4,1mds (RN de €455m un an avant) Pirelli (Achat) - 9M-19 : EBITDA de €979m (+7,8%) Fresenius (Conserver) - 9M-19 : EBITDA de €4,5 mds (+2,7%) Atos  (Achat) : Finalise la cession de Worldline et émission convertible de €500m Stora Enso (Achat) - 9M-19 : EBIT de €841m (-20...

Unicaja Banco: Key Facts and Statistics - September 2017

FINANCIAL INSTITUTIONS ISSUER PROFILE 12 January 2018 TABLE OF CONTENTS Company overview 1 Financial highlights 2 Business description 3 Distribution channels 3 Ownership structure 4 Subsidiaries 4 Company management 5 Company history 5 Peer group

Unicaja Banco: Update to credit profile

FINANCIAL INSTITUTIONS CREDIT OPINION 15 December 2017 Update RATINGS Unicaja Banco Domicile Spain Long Term Debt Withdrawn Type Senior Unsecured - Dom Curr Outlook Not Assigned Long Term Deposit Ba2 Type LT Bank Deposits - Fgn Curr Outlook Positive Please see the 

Unicaja Banco's Capital Increase Is Credit Positive

  ISSUER COMMENT  BANKING   JULY 27, 2017  Unicaja Banco’s Capital Increase Is  Credit Positive  From  Credit Outlook   Last Monday, Spain’s  Unicaja Banco  (Ba2 positive, ba3 1 ) announced that it had increased its  capital by €68.8 million

Unicaja Banco: Update following the upgrade of the bank's deposit ratings to Ba2 with a positive outlook

FINANCIAL INSTITUTIONS CREDIT OPINION 10 July 2017 Update RATINGS Unicaja Banco Domicile Spain Long Term Debt Withdrawn Type Senior Unsecured - Dom Curr Outlook Not Assigned Long Term Deposit Ba2 Type LT Bank Deposits - Fgn Curr Outlook Positive Please see the 

Increased risk weighs on UNICAJA BANCO SA, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of UNICAJA BANCO SA (ES), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date July 10, 2020, the closing price was EUR 0.49 and its target price was estimated at EUR 0.37.

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