Santander : The beauty of a Nations League; Credit opinion raised to Stable, Neutral recommendations maintained
Santander participated last week to our Iberian forum and confirmed the messages delivered on the resilience of its asset quality, recovery in profitability and a FL CET1 ratio (11.7% at end-2Q21) at the upper range of the targeted range (11%-12%). - The group with its impressive and almost unrivalled franchise is alike a nations league, an almost intended reference to France’s football team victory against Spain yesterday in the homonymous competition. Teasing apart, Santander’s p...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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