BBVA : Bon T3 2022 aidé par le momentum des NII et un CdR toujours faible
>Opinion Neutre réitérée – OC porté à 7.0 € (vs 6.3 €) - Le groupe a publié un RN supérieur aux attentes (+19% vs cons), mais avec un mix assez mitigé sur les principaux postes du P&L (revenus +11% coûts +4% & provisions sur crédits +3% vs cons), tout en restant sur les rails de ses objectifs financiers MT (RoTE 14% & ratio C/I 42% en 2024). Nous ajustons à la hausse nos anticipations de RN 2022-24e de 10% en moyenne notamment après une nouvelle amélioration des persp...Banco Bilbao Vizcaya Argentaria is an international financial group, engaged primarily on providing banking services and consumer finance to private individuals and businesses in Spain and Portugal; providing real estate activity in Spain; providing services to international companies and investment banking, capital markets and treasury management services to clients; and providing the banking, insurance and pension businesses in Mexico and the U.S., as well as in South America.
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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