ODDO : Spanish banks – previews Q2 2018
>BBVA (Neutral / target price: € 6.50 unchanged) - The group is set to publish its Q2 2018 figures on 27 July before the market open.What is expected: we are forecasting a pre-tax underlying profit of € 2.02bn in Q2 2018, close to the consensus anticipations (+1%) / see details on table p2What to retain from/monitor in the publication; we will be particularly attentive to the operating trend on the group’s three main markets, i.e. Spain, Mexico and Turkey.§r...
Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.
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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