Santander : The group delivers a broadly positive scorecard in Q2 2023
>Outperform opinion maintained. Target price unchanged at € 4.8 - Q1 2023 results support our Outperform opinion, leading us to edge up our net profit estimates (+1% on average over the period 2023-25e, mainly because of a more positive bias on the trajectory of interest income). Our target price remains unchanged at € 4.8. The group’s operating performance remains broadly solid, despite a still challenging and uncertain macroeconomic backdrop, with confirmation of th...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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