Report
Benoit Valleaux ...
  • Steven Gould

Millennium BCP : La copie solide au T1 2024 valide le potentiel de rerating encore significatif

>Opinion Surperformance maintenue – OC porté à 0.47 € (vs 0.43 €) - Les résultats T1 2024 confortent notre call positif sur BCP, axé pour rappel sur le redressement significatif de l’opérationnel underlying et de la rentabilité à CMT couplé au renforcement notable de la solvabilité (et in fine la perspective associée d’amélioration notable du retour à l’actionnaire). En dépit de la reprise notable du processus de rerating du titre depuis avril (+28% YTD, +2 pp vs sect...
Underlying
Banco Comercial Portugues S.A.

Banco Comercial Portugues is a privately-owned bank that provides a range of banking activities and financial services in Portugal and abroad, with a focus on commercial banking, corporate and investment banking and asset management and private banking. Co. operates in the following segments: Portugal, which consists of retail banking (including ActivoBank), companies (including companies and corporate and investment banking), asset management and private banking, and non-core business portfolio; and foreign activity, which consists of Poland, Angola, and Mozambique. As of Dec 31 2014, Co. had total assets of Euro76.36 billion.

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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