Santander : T1 2020 sans impact COVID notable mais effort provisionnel d’anticipation !
>Opérationnel underlying (sans surprise) peu impacté, mais provisionnement anticipé - Sans véritable surprise, Santander affiche au T1 2020 une performance opérationnelle sans signe visible d’impact de la crise sanitaire. Le RN underlying (ie hors provisionnement additionnel de 1.6 Md€) ressort à ~2.0 Md€ soit 14% supérieur aux attentes (stable qoq), drivé notamment par des provisions sur crédits ‘underlying’ inférieures (2.3 Md€, -9% vs consensus) sur fond de poursui...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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