Report
Benoit Valleaux ...
  • Steven Gould

Bankinter : Q2 2024 results: still robust... still well valued!

>Confirmation of good commercial momentum, 2024 NII guidance upgraded - The group posted a robust performance in Q2 2024 with notably slightly higher net income than expected (+1% vs consensus at € 273m) and, more importantly, confirmation of a reassuring trend in underlying operations (NII, commissions, costs, cost of risk). Confirmation of good momentum in terms of commercial activity/trend that runs counter to the sector in Spain (lending +5% y-o-y at group level, ...
Underlying
Bankinter SA

Bankinter is the parent company of a group engaged in banking activities. Services provided include: investment banking; capital market services; financial services insurance; international services such as foreign exchange transactions and travelers' checks; wholesale corporate banking; and retail and private banking services. Co. offers its products and services through the following channels of distribution: branch network; telephone banking, interactive (software) banking; agents; and Internet banking. As of Dec 31 2014, Co. had assets totalling Euro57,332,974,000 and deposits totalling Euro29,966,129,000.

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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