Santander : The improvement in the outlook is not sufficiently factored in...
>Rating upgraded to Outperform (vs Neutral), target price raised to € 3.7 (vs € 3.3) - Following the Q2 2021 results publication and a road show organised with the bank in Dublin which were both reassuring (message delivered, review of the macro context on the main markets, etc.), our approach is more positive on Santander’s operating outlook in the short and medium term, although minimal caution is still called for (coming out of the pandemic crisis). We are upgradin...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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