Santander : Solid Q3 2022 and guidance broadly confirmed for 2022
>Outperform opinion maintained – target price cut to € 4.1 (vs € 4.2) - We reiterate our positive approach to Santander following the release of Q3 2022 results (Outperform opinion, target price of € 4.1 vs € 4.2). Operating momentum remains broadly positive following 9M 2022 and the group confirmed most of its annual financial targets in the absence of any tangible deterioration in the operating environment (revenues, asset quality, etc.) to date, despite the necessa...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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