Report
Benoit Valleaux ...
  • Steven Gould

Santander : Fin d’année solide & message a priori rassurant sur le capital

>Opinion Surperformance maintenue – OC porté à 4.2 € (vs 4.0 €) - Suite à la publication solide du T4 2021, notre approche positive ressort confortée sur les perspectives opérationnelles de Santander à CMT. Nous révisions en hausse nos anticipations de RN de 5% en moyenne sur 2022-23e, avec notamment un biais plus favorable sur l’évolution de la top line (révision +2% sur 2022-23e) alors que nous laissons quasi inchangées nos anticipations de provisions sur crédits. N...
Underlying
Banco Santander S.A.

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.

Provider
Oddo BHF
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.

Analysts
Benoit Valleaux

Steven Gould

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