BBVA : Solidité du groupe confirmée vs maintien de risques & valorisation tendue
>Opinion Neutre maintenue – OC porté à 7.7 € (vs 7.2 €) - BBVA a publié un RN modestement supérieur aux attentes (+3% vs cons), essentiellement drivé par des provisions un peu inférieures (-6%) alors que la topline et les coûts étaient en ligne. Le groupe est clairement bien 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 2023-24e de 8% en moyenne notamment après la présentation des gui...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.