Report
Steven Gould

Santander : Un début d’année globalement solide, mais qui demande confirmation

>Estimations réhaussées post T1 vs opinion Neutre réitérée - Suite à la publication solide du T1 2021, notre approche ressort un peu moins prudente sur les perspectives opérationnelles de Santander à CMT même s’il reste des facteurs d’incertitude notamment liés à la crise sanitaire (Espagne, Brésil, Mexique). Nous révisions en hausse nos anticipations de RN de 8% en moyenne sur 2021/2023e, avec notamment un biais plus favorable sur l’évolution du coût du risque (révis...
Underlying
Banco Santander S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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