Santander : Reassuring start to the year on rollout of the strategic plan
>Outperform rating maintained – target price raised to € 4.8 (vs € 4.7) - Santander’s Q1 2023 results publication lends weight to our Outperform recommendation and prompts us to lift our target price to € 4.8 (vs € 4.7). The group's operating performance remains solid overall in Q1 and reassuring on the main financial targets set for 2023 and in the context of the recent Investor Day (top-line growth, operating efficiency, CoR, RoTE capital) despite a challenging/unce...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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