BCP Banco Comercial Portugues S.A.

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros do Cupão nº 125 de BCP OB HIPOTECARIAS 2010-2021 VAR

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros do Cupão nº 38 de MILLENNIUM BCP SUBORDINADAS 2011 3ª ABR/2021

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros do Cupão nº 98 de BCP/2012 OBRIGAÇÕES HIPOTECARIAS VAR AGO/2020

Banco Comercial Português, S.A., informa sobre o Pagamento de Juros do Cupão nº 120 de BCP OBRIGAÇÕES HIPOTECARIAS 2010-2022 VAR

Anexos

EN
24/09/2020

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Reports on Banco Comercial Portugues S.A.

Benoit Valleaux ... (+2)
  • Benoit Valleaux
  • Steven Gould

Millennium BCP : Le potentiel de rerating n’est pas encore épuisé à CT...

Nous réitérons notre opinion Surperformance avec un OC porté à 0.92 € vs 0.78 €, après un T3 rassurant et alors que la fin des litiges en Pologne se profile. Nous identifions encore un potentiel de rerating intéressant (~15% vs secteur ~+4% en moyenne) en dépit de sa belle performance boursière sur la période récente (+77% YTD) sur fond de redressement opérationnel (RoE +6 pt entre 2024 & 2028e) et de retour à l’actionnaire (9% en moyenne sur 2025-28e vs

Benoit Valleaux ... (+2)
  • Benoit Valleaux
  • Steven Gould

Millennium BCP : Still some re-rating potential in the short term

We are reiterating our Outperform rating with a higher target price of € 0.92 vs € 0.78, after a reassuring Q3, with the end of litigation in Poland in sight. We still identify attractive re-rating potential (~15% vs sector ~+4% on average) despite its impressive performance recently (+77% YTD), with the operating recovery (RoE +6 pts between 2024 and 2028e) and shareholder returns (9% on average over 2025-28e vs

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