Report
Banco BPM : Bright prospects for IG status
Banco BPM will ring out 2022 with the best fundamentals ever since its creation in 2017, in terms of both profitability (with GOI forecast above € 2bn) and asset quality (with gross NPL ratio of 4.7%), while maintaining a fully-loaded CET1 of ~13%. And the outlook for 2023 and 2024 is promising, thanks to high sensitivity to rising rates, which would pave the way for NII growth in excess of 15% in 2023. The insourcing of insurance operations should also boost fees and commission ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Carine Maciol
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