Santander : A broadly solid and reassuring Q2 2022
>Outperform recommendation maintained - Target price raised to € 4.2 (vs € 4.1) - We reiterate our positive view on Santander following the publication of Q2 2022 results (Outperform, target price of € 4.2 vs € 4.1). The largely profitable trend on the beginning of the year (profitability/activity) is encouraging whilst the group has recently confirmed the bulk of its financial targets for 2022 in the lack of visible/notable signs of deterioration in the operational c...Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
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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