Banco Sabadell : Pretty encouraging Q2 2021 operating figures, but confirmation still needed!
>Solid showing thanks notably to lower CoR and TSB - Sabadell turned in good-quality Q2 2021 figures, with a net profit of € 147m (vs cons € 84m), driven by fairly decent operating leverage (core revenue vs costs), a more marked recovery at TSB's UK operations (first half-year net profit in positive territory for three years) and much lower LLP (-21% vs cons -48% y-o-y). Key takeaways from this release:NBI in line with expectations (€ 1.3bn,+3% y-o-y) with intere...Banco de Sabadell is a bank holding company. Through its subsidiaries, Co. provides a range of banking and financial services in Spain and internationally. Co.'s activities include investment banking, private banking, portfolio management, mortgage loans, commercial loans and other financial products and services, deposits and international banking operations. Co. is also engaged in life insurance underwriting and brokerage. Additionally, Co. is engaged in capital property and development, as well as investing in environmental projects. As of Dec 31 2014, Co. had total assets of Euro163,345,673,000 and total customer deposits of Euro98,208,370,000.
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.
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