Santander : A solid Q2 2024 lending further weight to the current strategic plan
>Outperform rating confirmed – target price lifted to € 5.6 (vs € 5.5) - Q2 2024 underpins our Outperform recommendation for Santander and prompts us to raise our estimates for net profit (+2% on average for 2024-2026e), due to a slightly more favourable bias notably on the trend for the top line and the cost of risk - our target price has been raised to as a result. As a result our target price increases to € 5.6 (vs € 5.5). The persistently solid trend on the operat...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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