Report
Benoit Valleaux ...
  • Steven Gould

Santander : Update pré-Noël : des guidances 2022 rassurantes sous le sapin !

>Opinion Surperformance réitérée – OC porté à 4.0 € (vs 3.9 €) - Suite à une réunion d’analystes pré-Noël organisée avec le CFO, notre approche positive ressort confortée sur les perspectives opérationnelles et de solvabilité de Santander à CMT. Le groupe y a délivré un degré notable de guidances (top line, coûts, CdR…) pour 2022 et sur l’évolution de la solvabilité, de nature rassurante. Nous révisons en hausse nos anticipations de RN de 3% en moyenne sur 2021-23e, a...
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
Benoit Valleaux

Steven Gould

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