Report
Benoit Valleaux ...
  • Steven Gould

Santander : Le groupe délivre une copie globalement positive au T2 2023

>Opinion Surperformance maintenue. OC inchangé à 4.8 € - La publication du T1 2023 vient conforter notre opinion Surperformance et nous amène à relever légèrement nos estimations de RN (+1% en moyenne sur la période 2023-25e, essentiellement en raison d’un biais plus positif sur l’évolution des revenus d’intérêt). Notre OC reste inchangé à 4.8 €. L’évolution des performances opérationnelles du groupe reste globalement solide avec, malgré un contexte macroéconomique to...
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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